Research on the Synergy Effect of Cross-border Mergers and Acquisitions in High-tech Enterprises in Shanghai

Currently, the upgrade of the industrial structure in the world provides a great opportunity for cross-border mergers and acquisitions (M&A) to high-tech enterprises in Shanghai City. At the same time, the status of high-tech industry and regional advantages of Shanghai also supply the momentum for M&A. Therefore, how to improve the M&A service system for high-tech industries, especially how to effectively play the synergy effect in the whole process of M&A, becomes the key factor to decide whether cross-border M&A goes to success or failure. Currently, Shanghai is building the four centers. Especially, General Secretary Mr. Xi recently indicated that Shanghai shall build into a global innovation center with international influence. However, in order to build into the international innovation center, an extremely important target or a construction standard is to attract and develop a number of the high-tech enterprises with international influence. Apart from developing and growing through independent innovation, a considerably important way is cross-border M&A. It is a great obstacles placed in front of M&A companies whether the synergy effect can be achieved through M&A or not.