Research On Financial Risk Control Of Meituan Company’s Acquisition Of Mobike

Sharing bikes in the early stage accumulated a large amount of money by copying the deposit model.There are many bike-sharing enterprises in the market.But with the homogenization of the increasingly fierce competition,Mobike,ofo and hellobike are the only three companies left in the market.Hellobike as the starting point of the free mode,Eventually,ofo went bankrupt.Currently,the bike-sharing industry is dominated by mobike.Meituan company as a new Internet enterprise,It aims at the huge integration potential of mobike’s short-distance travel and its own business,The "last three kilometers to the store" grand travel strategy.Meituan eventually bought mobike for $2.7 billion,It is China’s largest acquisition of a company in the sharing economy.However,the current business situation of mobike is not ideal,and it is still in a "blood transfusion" operation state.Meituan needs to inject a large amount of capital into it.Whether Meituan’s acquisition of mobike will increase the financial risk of the enterprise itself,What level of financial risk is generated,And how does Meituan control financial risk,Is the question which this article emphatically discusses.Firstly,this paper sorts out the m&a financial risk theories of domestic and foreign enterprises;Secondly,it describes the current situation and characteristics of Internet mergers and acquisitions,Take Meituan company’s acquisition of mobike as the case study,The analytic hierarchy process(ahp)and expert evaluation method are used to identify and evaluate the financial risks in the process of m&a,Then create a risk assessment model,The weight and membership degree of financial risk factors in the process of merger and acquisition are calculated.Finally,the financial risk level of Meituan company in the merger and acquisition of mobike is judged based on the calculation results,and the advantages and disadvantages of Meituan company in controlling the financial risk of merger and acquisition are pointed out,and some enlightenment is given.The conclusion of this paper shows that meituan company’s financial risk in the whole process of merger and acquisition is at a low level,Pricing risk and payment risk have great influence on m&a activities,Investment and financing risks and integration risks are relatively small.Through sorting out Meituan company in the merger and acquisition of financial risk control advantages and disadvantages,It can provide practical experience for mergers and acquisitions in the field of sharing economy in China.