64 Hello, Brother 5yr

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Why would a multi-national corporation acquire a Chinese company? Because the Chinese market was too tempting. Lots of foreign corporations couldn't adapt to the environment in China, or compete with local companies. At times, acquisition became the most effective means to expansion.
For one thing, it could obtain the mature sales channel, market network, talent and client resources of the local company; for another, acquiring rivals helped annihilate them once and for all. Brands such as "Little Nurse", "Robust" and "Lekai Film" were prevalent several years ago, but now, they were nowhere to be found. What's more, buyout of the top firms in the industry led directly to monopoly.
Were there well-known instances? Of course. Hygiene products, cement, snacks, soybean and mechanical manufacturing were all gradually being dominated by foreign companies. If they couldn't compete with local companies, then they would buyout the competition, which was a trick used repeatedly by foreign corpo