Professor of Strategic Management, Associate Dean for Strategic Research, Cheung Kong Graduate School of Business (CKGSB)
PhD, City University of New York
Chinese Firms' Global Strategies, Entrepreneurship and Innovation, M&A, Strategic Alliances, Strategic Management
While Jaguar Land Rover and Chery Automobile stand to gain from their partnership, they must realize that just having a joint venture is not enough to succeed in the Chinese market As you stroll down the busy streets of Beijing, it is hard not to notice the array of cars whizzing past. From frugal QQs …
Last year, Zong Qinghou, founder and president of Wahaha, China’s biggest beverage company, was holding a run-of-the-mill press conference in Beijing. Although Zong was the richest man in China by some estimates, it seemed as though nothing of interest would come out of his speech that day. Then an ostensibly throwaway comment sent stocks soaring. …
In the world of online retailers, Liu Qiangdong’s Jingdong Mall is a rare success story–a brick-and-mortar chain that made the transition to the internet. Earlier this year, Associate Professor of Strategic Management Teng Bingsheng looked into what has enabled Jingdong to stand up to giants like Gome and Jack Ma’s Taobao. Here’s what he found. Extracts …
Taiwanese manufacturer Foxconn, the world’s largest electronics contract manufacturer, which supplies to companies including Apple and Dell, has come under intense scrutiny following a series of suicides among its employees. At least 18 Foxconn workers have attempted suicide between January 2010 and November 2011 by throwing themselves from the Foxconn building, 14 of which resulted …
When online retailer Jingdong Mall, also known as 360buy.com, announced its plans to raise up to $5 billion for a 2012 IPO, everyone began to speculate: Is it due to high profits, or no profits? Should they be going public so early? A few key issues shed some light. First of all, it is without …
The experience of multinational companies shows that succeeding in doing business with China depends on a good understanding of local needs and wants. Time and time again, the group buying company Groupon has found itself in hot water in China. Before Groupon’s Chinese site Gaopeng even launched, China’s group buying sites formed a loose alliance against the firm …
Continue reading “Doing Business with China: The Power of Local”
Around the world, the October death of Apple co-founder Steve Jobs was a collective moment of mourning, admiration, and reflection. In China, another element was added to the mix: self-flagellation. Why, lamented many commentators, has China failed to produce its own Steve Jobs? Former Google China chief Kai-Fu Lee, writing on Sina Weibo, blamed an …
Chinese Direct Investments on the Rise despite Obstruction Recent years have seen a surge in Chinese direct investment in the US. From 2003 to 2010, Chinese businesses established operations and created jobs in at least 35 of the 50 states in the US. During these eight years, there have been a total of 244 Chinese …
While throngs of Chinese shoppers are buying up Louis Vuitton bags, iPhones and Rolex watches as fast as they can get their hands on them, more Chinese firms abundant with capital are also rapidly buying foreign companies amid the stagnating US and European economies. This trend shows no signs of slowing down. State-controlled energy giants …
Continue reading “China’s globalization efforts move full steam ahead”
Recently the Chinese stock market has been showing the warning signs of an economic slowdown. The Shanghai Composite Index dropped from an earlier rally, closing at 2,180.90 points in December, the lowest level in 33 months. The public may have a perception that the current weak trading of the stock market is an inconsistent indicator …
Continue reading “The most sustainable business model for Chinese entrepreneurs”
Innovation accounts for a sizable portion of economy-wide growth in productivity, especially in high-income countries. According to the 2011 World Intellectual Property Report ‘the Changing Face of Innovation’ recently released by the World Intellectual Property Organization (WIPO), innovation-driven growth is no longer the prerogative of high-income countries alone. Low and middle-income economies including China have …
Continue reading “Innovation in China: still awaiting transformative leaders”