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Overseas M&A Fuels Taizhou’s Fission Development
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The Taizhou Commerce Bureau has been recently quoted as saying that Taizhou actively participates in the construction of “B&R Initiatives”, and the foreign investment shows a trend of rapid development. In the past five years, Taizhou has handled 178 overseas investment projects, with an overseas investment of USD2.95 billion. With an average annual growth rate of 130%, the overseas investment covers more than 100 countries and regions including Europe, Asia, Africa, North America and South America.

Taizhou achieved outstanding results in overseas mergers and acquisitions (M&A) from January to November this year, of which 10 are newly filed with overseas M&A, with a total investment of USD1.965 billion. Geely Group reaches USD1.885 billion in acquisition due to purchasing some equity of Daimler AG, the parent company of Mercedes-Benz, which is the largest overseas investment in the history of Taizhou and the biggest overseas investment of Zhejiang Province in 2018.

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