With Alibaba’s mammoth IPO set to go live in the US in September, there has been more scrutiny on the group’s previous financial dealings. In a recent interview with The Wall Street Journal, CKGSB Professor Chen Long gave his thoughts about Alibaba’s restructuring of agreements to gain a bigger share of earnings from its payment affiliate.
CKGSB Founding Dean and Professor of China Business and Globalization Xiang Bing took time out during a recent trip to London to speak to the Financial Times’ Business Education Editor Della Bradshaw about CKGSB’s past, present and future. Dr Xiang sat for both written and video interviews with Bradshaw for the FT’s prestigious Meet the Dean section. Here are the results.
Oliver Shiell, CKGSB’s Chief Representative in London, contributed this China Daily piece that focuses on the merger of Eastern and Western mindsets as being fundamental to success in the business world. He explains how CKGSB’s partnership with IMD for a dual-EMBA program helps its students to achieve a dual mindset and conduct Sino-European business.
To what extent is the rebalancing of China’s economy actually happening? And what does it mean for longer-term prospects? These, and other, questions were discussed at the recent FutureChina Global Forum in Singapore, at which there was a significant presence from CKGSB.
On July 16th, along with Teng Bingsheng—CKGSB Associate Dean and Associate Professor of Strategic Management—two CKGSB alumni Mr. Chik Wai Chiew, Partner at Tembusu Partners, an award-winning private equity firm focusing on emerging markets and China and Mr. Mao Jihong, President of Mixmind Art & Design, one of the most successful fashion brands in China, shed light on struggles for MNCs and where the opportunities lie in China at the first CKGSB Workshop in Singapore.
China Daily’s Yang Ziman and Du Xiaoying recently profiled the MBA Program’s China Module at CKGSB in a glowing two-page article that explains why this ground-breaking new course is perfect for foreign managers looking to enter the Chinese market.
It’s one of the most coveted places on the planet – few get to go inside, fewer still get to make a speech there – but Oliver Shiell, CKGSB’s Chief Representative in Europe, recently had the opportunity of a lifetime after being invited to the prestigious Cholmondeley Room at The House of Lords in London to discuss the UK-China relationship through the eyes of both Chinese and British senior executives.
Anson Wong, Assistant Director of the China Economy and Sustainable Development Centre at CKGSB, was featured in ASrIA discussing the first revisions to China’s Environmental Protection Law for 25 years, as well as its implications and implementation.
China and India have two of the most exciting economies in the world, but their unique situations require carefully planning by companies seeking to operate there.
CKGSB Professor Zhou Chunsheng said, “The rapid growth of China during its period of economic reform had been based on capital investment from overseas Chinese”. He added, “Overseas Chinese have no language barrier while doing business in China and are also able to access various investment tips and ‘guanxi’ via their relatives across the mainland.” Professor Zhou added, “A significant portion of all overseas Chinese capital investment was made by individuals and this is because overseas Chinese are buying up a lot of real estate, including houses, buildings and land”.
After a long period of economic development and expansion, the world is at a turning point in its history. But some of the world’s most prominent academics, business leaders and political representatives met recently in the south of France to define the outlines of a new future – one in which the world will want to invest.
Along with President Xi Jinping’s recent visit to Korea, the hype surrounding Korean companies entering the Chinese market continues to grow. CKGSB Associate Dean and a world-renowned scholar on Strategic Alliance, Professor Teng Bingsheng, said that the Chinese market has experienced significant changes over the years. He pointed out that MNCs will face difficulties in winning the competition with local Chinese companies. Professor Teng said, “MNCs should not be satisfied with their standards. Because China is no longer a cheap consumption market, global companies should apply high standards in China and target customers with high-end products, not low-end ones. They also need to change their strategies to adapt to the new business environment in China. For example, they need to target the fast-rising, middle-class consumers and transform themselves from labor-intensive to technology-intensive companies”.
