Success and Failure of the Overseas M&A-Cases of Chinese Enterprises

Under the era of globalization, countries all around the world depend on one another. This trend allows international brownfield investment - mergers and acquisitions- to be an obvious feature of the world economy. As a member of the World Trade Organization, China has opened its economy. The economy enables Chinese firms to compete internationally. Compared with ones in developed countries, China’s cross-border investment is still at an infant stage in terms of investment volumes. Nonetheless, multinational corporations in China are growing. In this regard, it is necessary to do research on success and failure of Chinese firms’ international brownfield investment.