整合已经不再是一个新鲜的词汇。一个行业的兴起、成长、成熟过程中,成千上万的企业从生机勃勃,野蛮成长开始,以黯然退出、被吸收合并收场。能最终站在整个产业巅峰之上的企业,往往只有寥寥几家。欧美几百年、中国几十年的市场经济发展轨迹证明,科技互联网行业如此,食品医药行业如此,众多传统产业也更是如此。20世纪前十年里,钢铁、煤炭、建材等企业在高度景气的市场环境下,迎来了大企业并购浪潮,海量的中小企业成为大型央企、地方国企的并购对象,数家大型企业再合并为巨无 Integration is no longer a fresh word. The rise of an industry, growth, maturity, tens of thousands of companies from the vigorous, brutal growth began to sadly withdraw from the merger was absorbed. Enterprises that can ultimately stand on the pinnacle of the industry tend to have only a handful of them. For several hundred years in Europe and the United States, the trajectory of the market economy in China for decades has proved that the Internet of science and technology industry is such a case. The food and medicine industry is also the case. Many traditional industries are even more so. In the first decade of the 20th century, in the highly prosperous market environment, such enterprises as steel, coal and building materials ushered in the wave of mergers and acquisitions by large enterprises. Massive small and medium enterprises became the targets of mergers and acquisitions of large-scale state-owned enterprises and local state-owned enterprises. Several large enterprises were reorganized Giant no