What HNA Group Acquiring Ingram Micro Means for Odin, Cloud Business

In this second opinion piece I wrote for Channel Partners Online, I look at the cloud market and analyse the impact that HNA’s acquisition of Ingram Micro is going to have.

HNA’s move certainly fits in the recent trend of Chinese companies “shopping” abroad, acquiring big names in the tech space. While the current turbulence around the yuan and volatility of the Chinese internal market have certainly played a role in creating this trend, it is quite clear that cash-rich Chinese companies are also genuinely interested in acquiring technologies that they can leverage with their own products and in growing in new markets, such as North America and Europe. The proposed acquisition of Norwegian browser maker Opera by a group of Chinese companies for $1.2 billion is another example of this growing trend.

Read the full article on Channel Partners Online.