Shuanghui International’s acquisition of Smithfield is certainly interesting. I would like to pose a possible theory on why the Chinese selected this company.
‘With the passage of centuries, whole cultures of malfeasance came and went, bringing with them innovative approaches to influence-peddling. The Ming dynasty of China saw the proliferation of so-called “elegant bribery,” through which gifts of artwork, snuff bottles, and sumptuous calligraphy came to adorn the homes of the freshly greased.… Continue Reading
If it goes through, Shuanghui International’s $4.7 billion bid to take over Smithfield Food Inc., the U.S.’s leading pork producer, would be the biggest-ever acquisition of a U.S. firm by a Chinese company.… Continue Reading