To help off-load the risk, Scheetz is forming joint ventures on all of the new projects.

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Hutchinson said GE would like to partner with more Chinese state-owned enterprises in strategic areas by forming more joint ventures in the future.

FORBES: GE Looking To Double China Revenue By 2014

That's because forming a joint venture with a company before trying to buy it gives a company inside information about the target's worth and the value of the research it is seeking to acquire.

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Nasdaq OMX is forming a marketplace for private companies in a joint venture with startup Sharespost.

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