2007- Chinese Multinational Companies Going Global

Author: Wang Zhile
Publisher:
Publish Date: 2007-02-01
Features: The editor of this book has conducted extensive research on a large number of cases of Chinese enterprises going global and has conducted field interviews and investigations on some of them. Based on this, 26 corporate cross-border investment cases have been compiled, and an analysis of the development status of China's multinational companies in the past three years is provided for reference by relevant researchers. The rapid development of Chinese multinational companies is reflected in the increase in the number of cross-border investments. According to data from the Ministry of Commerce and the National Bureau of Statistics, the amount of cross-border investment by Chinese enterprises from 2003 to 2005 was $1.7 billion, $2.9 billion, and $8.8 billion, respectively. Clearly, the number of cross-border investments by Chinese enterprises has seen a sharp increase in the past three years. This book collects and compiles 26 corporate cases, many of which have achieved overseas investments through cross-border mergers and acquisitions. For example, Lenovo Group achieved cross-border investment by acquiring IBM's personal computer division. Shang Gong Shen Bei became a multinational company in Eurasia by acquiring Germany's DA company. The author visited the case of Shang Gong Shen Bei in Germany in May of this year and also studied the case of Beijing Machine Tool Factory acquiring Germany's Coburg Machine Tool Factory. The increase in cross-border merger and acquisition cases, especially successful ones, indicates that Chinese multinational companies are developing rapidly.