Research On Financial Risk Prevention Of Midea Group’s Cross Border M&A Of KUKA Company Under The Background Of Intelligence

At the end of the 13th five year plan,China’s economic development momentum is rapid,and enterprise development has also made great achievements.The Internet and big data are gradually widely used in all walks of life,and a new scientific and technological revolution and industrial revolution with the theme of "intellectualization" has sprung up in the world.In 2015,the relevant documents of "made in China 2025" came into being,and "intelligent manufacturing" was taken as the main direction of strategy.It is one of the five major projects of "made in China 2025".With the support of the national strategic plan,Chinese enterprises,especially manufacturing enterprises,have begun to look for overseas development opportunities,look for overseas industrial chain,and seek new development points.As a traditional manufacturing industry,the transformation and upgrading of home appliance enterprises is more necessary.In recent years,the number of cross-border M&A cases of Chinese enterprises is obviously more than that of any previous period.However,according to the statistics,there are more than 65%failure cases in the cross-border M&A of Chinese enterprises in the past 20 years,which fully shows that there are many risks in cross-border M&A,which seriously affects the success of M&A activities.Therefore,combined with the case of cross-border M&A of China’s home appliance enterprises,this paper focuses on the analysis and identification of financial risks before and after M&A,and takes effective measures to prevent risks,which is of great significance to promote cross-border M&A of Chinese enterprises in the future.In order to effectively prevent the failure of M&A activities caused by financial risks,this paper first consulted a large number of domestic and foreign relevant literature,referred to the theory and experience of previous scholars,and on this basis,used the literature research method,case study method and theoretical analysis method to carry out a detailed analysis,and made clear the related concepts,types and characteristics of cross-border M&a financial risk And the theoretical basis of the research.Secondly,combined with the successful case of Midea Group’s cross-border M&A of KUKA company,according to the background of intelligence and enterprise transformation,this paper analyzes the motivation of M&A,analyzes and identifies the possible financial risks and the causes in the early,middle and late stages of M&A,and discusses the effective measures taken by Midea Group in the process of M&A.At the end of the paper,the author puts forward some suggestions on how to avoid the risks in the early stage of M&A in China.