Talent and credibility were two of the main challenges facing Chinese firms in their bid to merge with overseas companies, an expert in the field told the Harvard China Forum here.
Shau Zhang, partner of Ernst & Young’s Americas Tax Leader of China Overseas Investment, said Saturday Chinese firms should learn from their peers in developed economies, hone their technology know-how and get ready to spend a long time accumulating knowledge.
Zhang, who worked on Dalian Wanda’s milestone acquisition of AMC Entertainment Inc. in 2012, said, to achieve better results in overseas mergers, Chinese companies needed to learn from senior management of prestigious global players and use their experiences to optimize solutions that suited their own realities.
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