China's Retail M & A Research

After China entering into WTO and becoming a member of world economy, the worldwide adjustment of economic structure and industrial restructuring will inevitably result in a huge shake for the current economic mode and industrial structure in China. The situation that the economy increased steadfastly and the hi-technology developed rapidly indicates that in the adjustment of economic structure, some industries and enterprises will survive and develop and others will wane. The enterprises merger or reshuffle the inventory assets to optimize the resources distribution. Because of China's retail trade opened to the world, domestic retail enterprises must make use of mergence that is actively adopted by them now, if they want to grow fast and compete with international retail magnates. Because of sack of experience and theories according with the situation of China, the rate of success is imaginably low.Taking the above issue into consideration, the author addresses on "the research of retail industry M&A in China" to analyze the issue and the contradictions in the M&A of Chinese retail companies, theoretically explaining the rational M&A and optimized decision for the retail companies.Firstly, chapter one makes an integrated and all-around analysis of the enterprises' M&A on the basis of the theory of modern industrial organization and the theory of enterprise. After expatiating on M&A connotation, modes and styles. It generally discusses economic motives for enterprises' M&A, and analyzes the courses and traits of Chinese and foreign companies' M&A.Secondly, chapter two analyzes the actuality, advantages and existing issues in current China retail industry. Then it points out that domestic retail enterprises must make use of mergence if they want to grow fast and compete with international retail magnates, and clarifies it is meaningful for Chinese retail industry to merge.Thirdly, chapter three takes advantages of statistic methods to analyze the performance of Chinese retail companies' M&A. The author adopt too many data and some mathematic models to analyze the performance, and review the trend of the performance changing.Finally, chapter four compares the mergence course of China with that of foreign countries, and analyzes cases of foreign retail companies' M&A, especially abortive cases. Then I sums up reasons for failure in M&A, and puts forward some advice.