Article at a glance:

Helping China's companies master global M&A

• Chinese companies are making acquisitions abroad to win access to technology, raw materials, brands, and new markets.
• They have been fairly successful in the developing world but are struggling to turn around their sometimes loss-making assets or second-tier brands in Western markets.
• One of the hardest challenges is to integrate the management of domestic and acquired businesses.
• The keys to success include hiring a chief executive in the local market of the acquired company and actively managing the differences between Chinese and Western business cultures and practices.