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Growing number of businesses look at Taiwan, report Hu Meidong in Fuzhou and Sun Li in Xiamen, Fujian.
It seems that even the recent freezing weather has been unable to give investors from the Chinese mainland cold feet about pouring their money into Taiwan.
Fosun Group, a private Shanghai conglomerate, paid 77 million yuan ($12.3 million) in November for a 20 percent stake in the Taiwan-based pastry maker Vigor Kobo.
An Xtep International Holdings Ltd store in Shanghai. In July 2010, the company, based in Jinjiang, Fujian province, became the first sports brand to enter the Taiwan market. Provided to China Daily
The deal, made through Fosun's subsidiary, Laxton Investment Ltd, marks the first time that a mainland company has invested in the island's food industry.
Taiwan opened up to investment from the mainland three years ago and by the end of October the value of investments made by mainland companies hit $722 million. Most of the capital has gone to labor-intensive sectors such as manufacturing and services.
Compared with other investors from the Asia-Pacific region, Chinese mainlanders have a number of advantages, including a shared cultural background and language, but they also face restrictions. There are