個案資料
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Cracking the Puzzle of Wuxi Suntech's Bankruptcy
內容大綱
Wuxi Suntech was founded in 2001 by Dr. Shi Zhengrong, an internationally recognized scholar in the photovoltaic (PV) and renewable energy engineering. Suntech, the first private Chinese company to list on the New York Stock Exchange, was the largest solar PV manufacturer in China and the world's third largest. Its story was once recognized as a 'perfect match' of the promising new energy industry with the technical know-how and the comparative advantage of Chinese manufactured exports as well as the financial power of global capital markets. The bankruptcy of such a successful company was hence a puzzle to the business society in China and the world. How did the company rapidly emerge as an industry leader in the booming solar PV market but suddenly fail during the global financial crisis period? The case of Wuxi Suntech's bankruptcy under Dr. Shi's leadership provides rich material for the analysis of business strategy, industry structure, entrepreneurship, emerging markets and finance.