"Wharton faculty members and others who follow China say BoA's high-profile move gives it a foothold in a country with a Wild West business culture -- where the potential for both profitability and missteps is apportioned in equal measure. The deal gives CCB much-needed cash and a measure of respectability as it prepares for major changes in China's competitive environment. But some observers say BoA executives may have bitten off more than they can chew if they think the company's equity position will give it a significant amount of influence in reforming CCB." Source : Knowledge@Wharton
Link to online article
No comments:
Post a Comment