When Haier took over GE’s Appliances, US management feared the future. But the Chinese takeover is very different from the American style, they discovered. Western firms are victim of their traditional viewpoints, tells IMD-professor Bill Fischer, who studied Haier’s very different corporate style, to AP.
Category Archives: business
The surprise announcement Alibaba’s Ant Financial is trying to buy MoneyGram International is not a done deal, warns Beida business professor Jeffrey Towson. Chinese companies buying American ones are under scrutiny and in the financial industry it would be a first one, he tells the VOA.
Top executives at China’s internet giant Tencent earn higher salaries than their counterparts at Amazon, Twitter, Intel Apple and IBM, according to job portal Zhaopin.com. Business analyst Shaun Rein is not surprised, he tells the South China Morning Post. There is no other way to retain their talent in China.
United Airlines was the latest to discover the ire of the China consumers, and they were not the first. China consumers are changing the rules of the game many Western companies thought they knew how to play, says Beida business professor Jeffrey Towson on his weblog.
Marketing guru Tom Doctoroff left China after two decades. For Mumbrella Asia he explains how doing business with China and the Chinese is different. “China marches to the beat of a very different drum,” he says.
Kweichow Moutai, China’s favorite booze, passed on Friday with US$71.5 billion Johnny Walker owner Diageo as the world’s most valuable drink despite its dependency on the China market. They have made all the right moves, tells business analyst Shaun Rein to CNN, despite president Xi Jinping’s anti-corruption drive.
South-Korea was the latest country to suffer from economic boycott measures from China after it deployed THAAD missiles on its soil. Tourism backed out and Korean factories suffered surprise inspections. A standard procedure, says business analyst Shaun Rein to CBS. Norway, France, Japan, Taiwan and other suffered from similar boycotts.
US companies profit already a lot from the trade relations with China, says China veteran Tom Manning to CNBC and the country is already liberalizing its economy. Those will be the two arguments China’s Xi Jinping will bring into the meeting between presidents Donald Trump and Xi Jinping, Manning says. This meeting will be only a start of a relationship at best.