Today, the global M&A spree shifts its focus to sectors such as financial technology, manufacturing and telecommunication, with domestic purchasers acquiring brands and expertise needed to bolster the nation's vision of refocusing from an export-driven, investment-intensive economy to a consumption-led, innovation-fueled "new economy", Yang reckoned.
In less-developed and infrastructure-hungry markets relating to the Belt and Road Initiative, the focus of Chinese buyers may be different, pointing to a story of exploring the market's insatiable appetite for infrastructure investments that fits in well with the original and primary commitment of the initiative, Yang added.
No matter what the focus is, the leading edge of Chinese buyers over its foreign counterparts in the global M&A battlefield lies in its massive domestic market to create a synergy effect, Wu said. But the disadvantage comes from a dearth of experience and the lengthy process of doing due diligence and obtaining the final sign-off from domestic regulators in getting deals done.
