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Anbang Insurance Group Co Ltd (Anbang Insurance), based in Beijing, China, started its voyage in 2004. But, within a short span of time, the company raised eye brow of many people by diversifying into other financial services and creating a strong assets base of USD129 billion (at the end of July 2015). Moreover, under the leadership of Wu Xiaohui, Anbang Insurance pursued its internationalisation strategy. As part of such strategy, Anbang Insurance acquired Waldorf Astoria (USA), FIDEA ASSURANCES (Belgium), Bank Nagelmackers (earlier known as Delta Llyod Bank Belgium), VIVAT Verzekeringen (The Netherlands), Tong Yang Life Insurance Co Ltd (Korea) and Fidelity & Guaranty Life Insurance Company (USA). Meanwhile, in early March 2016, Anbang Insurance decided to pay USD78 per share (USD13.2 billion) to acquire Starwood Hotels & Resorts (Starwood), leaving behind its rival bidder, Marriott International Inc (Marriott). According to analysts, China had closed a whopping 1,200 merger and acquisition deals in the US from January 2000 to the end of 2015 and was targeting nearly 1,000 foreign firms for acquisition in 2016. The slowdown in the domestic economy and government's encouragement for overseas investment in strategic sectors were the drivers for China's growing acquisitions in the US market. However, in late March 2016, in a dramatic move, Anbang Insurance decided to abandon the acquisition of Starwood, stating 'various market considerations.' On such reversal move, many speculations were raised and a big question loomed, whether Anbang Insurance's move would become a setback for the other Chinese companies aiming to acquire US companies?