Features of cross-border mergers and acquisitions of global digital multinational corporations and the prospects for the development of Chinese enterprises
Research analyzes global digital M&A trends and implications for Chinese enterprises, indicating future challenges and opportunities.
Key Points
The research aims to examine the dynamics and specifics of cross-border mergers and acquisitions by global digital corporations and their impact on Chinese enterprises.
Analyzed 5,914 deals from 282 digital corporations from 1997 to 2022.
Used statistical and empirical analysis with data from the BvD Zephyr database.
Applied systemic analysis, classification, comparison, and evaluation of capital flows.
Identified four historical stages of global digital M&A development: rapid, slow, wave-like growth, and contemporary restrained development.
Highlighted that nearly 90% of deals are concentrated in the service sector, primarily dominated by developed countries.
Most acquisitions imply control over assets and are primarily cash-based payments.