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HNA Group has already spent more than $20 billion in acquisitions this year.
The rock-star dealmaker bringing China’s hottest startups to the US talks deals, bubbles, and spotting the next great entrepreneur
Fan Bao's recent accomplishments include the $1.78 billion US-listing of JD.com, Weibo's $286 million IPO, and merging the ride-hailing rivals Didi and Kuaidi.
"I think a lot of these companies are still learning how to do M&A," Goldman Sachs' cohead of global mergers and acquisitions, Gregg Lemkau, said.
Chinese firms have been on a buying spree. Industry watchers see no signs of abating, though there are challenges looming.
Goldman Sachs worked on eight of the top 10 M&A deals announced in Q1, according to Dealogic.
Marriott's big disadvantage in this fight is that its offer is based primarily on stock, while Anbang's offer is all in cash.
Lawmakers are concerned that these deals will provide Chinese companies, many of which are state-backed, with access to sensitive technology or information.
Anbang is likely to boost its bid for for Starwood Hotels.
The massive Chinese company that bought the Waldorf Astoria in 2014 is at it again.