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When they acquired foreign companies, they could have the ownership of the technologies, patents, marketing network, and production skills that the company accumulated for many years, which was a source that helped Chinese firms advance many years in terms of competitiveness.
In May 2005, a Chinese IT company, Lenovo acquired the laptop unit of IBM at 1...
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By this deal, Lenovo acquired the global marketing networks of IBM and purchasing power by the economies of scale. In January 2005, a leading Chinese automaker, SAIC, also bought a Korean auto company, SsangYoong motors at 0.5 billion USD, which is believed to advance SAICâs entry into the US markets by five years...
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