Research On The Risk And Prevention Of Merger And Acquisition In China's Internet Companies

Mergers and Acquisitions,is a good way to expand the scale and enhance the strength for an enterprise.Over the past more than 100 years,in the world,mergers and acquisitions has never ceased.In recent years,mergers and acquisitions market in China is active,both in the number and amount are rising to new heights.After a careful study of the amount,it is not difficult to find that,in recent years,the "M & A" in China's market shows the following characteristics: one is from the industry distribution,the Internet industry mergers and acquisitions frequently,the number of mergers and acquisitions and the amount involved in the acquisition of the overall market this year ranked the top two.Two is the case of "frequent combination",in 2015 only one year,for the Internet The industry has 5 big mergers,and the traditional "eat" in these cases of mergers and acquisitions,merger is the oldest and second oldest "in marriage",with the field of taxi drops fast,a service life of classified information in the field of 58.com & ganji.com,Ctrip& Qunar.com,meituan and the dianping.com,as well as the baihe.com & Jiayuan.com.With such eye-catching combination in the domestic Internet industry is indeed rare,probably represents the future trend of development.The three is the failure of many mergers and acquisitions occurred in the late stage of integration,the proportion even reached more than 70%,visible whether in the process of integration.The risk prevention is a key factor constraining the success of mergers and acquisitions.Based on the above background,this paper choose the integration risk and prevention of mergers and acquisitions of Internet companies as research subject,based on the efficiency theory,market power theory and risk theory of merger integration of the 58 city Ganji merger case support was studied.Choosing this case is because it is the Internet business,and is typical of "combination" and more importantly,it has done more successful merger integration,to provide some useful reference for other enterprises.This paper firstly introduces the 58 & ganji merger process and result integration,after a list of both mergers and acquisitions to achieve some synergistic effect,shows that it is a success.On the other hand,we also see objectively the merger integration is not completely satisfactory,there are still some problems need to be improved.Secondly,through in-depth analysis of the case,found that 58 market group business in the main stage of integration on business strategy,the four aspects of risk human resources and enterprise culture,and separately for each kind of risk formation mechanism is analyzed.Then the combination of theory and case,the article on the 58 market group faces the risk prevention measures were revealed: the group for strategic integration risk,formulate adapt to collaborative development of the industry According to the strategic objectives;organization integration risk,construct three stage vertical organizational structure;the integration of personnel risk,establish the effective integration of personnel system;according to the risk of cultural integration,to create common values and be institutionalized.Finally,on the basis of the above analysis,this article provides some inspiration for other Internet companies: First,developing collaborative strategic objectives according to the development and change of industry.Second,building organizational structure based on business integration.Third,Implementing the stable policy of human resources.Four,creating and implementing new enterprise culture.Five,overall planning to promote financial integration.All in all,the success of 58 ganji.com is not a special case.Even if there are some special factors,It is applicable to all enterprises.Therefore,this article is wroten to summarize he successful experience of58 ganji.com and the improvement suggestion of it's problems,in order to help other Internet companies in China to learn from the successful experience of 58 ganji.com,early notice and prewent risks,so as to improve the possibility of their success.