Core Insights - Global New Material International Holdings Limited has completed the acquisition of the global Surface Solutions business (Susonity) from Merck KGaA for €665 million, marking the largest cross-border transaction in China's pearlescent materials industry [2][4][14] - This acquisition represents a significant step for Zhejiang-based companies in integrating into the global industrial chain and enhancing their influence within the global value ecosystem [2][5][10] Company Strategy - The acquisition is viewed as a milestone in Global New Material's global strategy, transitioning China's materials industry from "technology followers" to "value co-creators" [6][10] - The company aims to integrate German technology with China's market and Asia-Pacific manufacturing efficiency, establishing a global operational framework [5][10] Industry Impact - The event signifies a shift in Zhejiang entrepreneurs' approach from merely exporting products to engaging in "systemic globalization" driven by capital, technology, and branding [10][15] - The acquisition is part of a broader trend where Chinese companies are evolving from capital providers to leaders in technology integration and strategic upgrading [10][13] Future Outlook - Global New Material International is building a global supply chain network with Europe as the technology hub and Asia-Pacific as the efficiency center, creating a "China-Europe dual engine with Asia-Pacific synergy" [14][15] - The company is committed to fostering an innovation ecosystem that transcends cultural and geographical boundaries [8][10]