Abstract:With the acceleration of global economic integration, China more and more enterprises to participate in the international market competition. Among them, the cross-border mergers and acquisitions is an extremely important exercise to participate in international competition, practice, and some well-known enterprises in China have achieved good success. In this paper, to study the theme of cross-border mergers and acquisitions of Chinese enterprises, the concept of focused cross-border mergers and acquisitions, motivation and the basic content. Lenovo's acquisition of IBM PC business, for example in-depth analysis, combined with Lenovo's cross-border mergers and acquisitions case, a clear cross-border mergers and acquisitions motives and effects. And in-depth analysis of case experience, a clear association in the actual operation of the risk and governance, and summarize the successful experience, in order to be able to play a role in cross-border mergers and acquisitions of Chinese enterprises to promote Chinese enterprises to participate in international competition and gradually achieve a better competitive position.
Key words：Cross-border mergers and acquisitions; think of cases; risk; governance