Alibaba´s Jack Ma was only the latest of a string of Chinese millionaires investing into football in their country. Football is a game changer, only in the early phase of commercializatin, say WSJ´s wealth editor Wei Gu and Roy Lu of Starline Inc., a Sino-U.S. sports entertainment agency.
Category Archives: Speaker News
Hong Kong is failing to bring its auditing regulations in line with global practices, accounting professor Paul Gillis writes at his weblog. A well-funded independent audit regulator needs to clean up the industry. Paul Gillis uses the case of CPA Anthony Wu to prove his case.
One million Chinese are building an empire in Africa, former foreign correspondent Howard French writes in Quartz, a summery from his latest book, China’s Second Continent: How a Million Migrants Are Building a New Empire in Africa.
President Xi Jinping has been redefining China´s dream. While personal achievement is important, what China achieves as a nation, appeals to its citizens too, explains business analyst Ben Cavender in CNN Money.
Inflation is up, but business analyst Shaun Rein does not expect the government to push more liquidity into the economy, he tells at Bloomberg TV. The weak domestic demand is troublesome, though, he says: “I have never seen it so bad in my 17 years in China.
Rupert Hoogewerf, founder of the Hurun rich list, was one of the first to signal China´s rich are leaving the country massively. Now he has dived further into the motives, and found that finding good education for their children is one of the most important reasons, he tells in Fortune.
Domestic competition has become one of the major challenges for foreign companies in China, tells author Joel Backaler at the Carnegie-Tsinghua Center in Beijing. And those challenges now prepare to go global. A few summaries from his speech.
Alibaba´s purchase of Guangdong´s Evergrande has put football again on the agenda. Football expert Rowan Simons tells the Economist China´s football needs to spend more on its youth in stead of buying foreign players and coaches. Evergrande did so already.
The US financial regulator Securities and Exchange Commission tries to reach a deal with the big four accounting firms, writes Compliance Week. But there is very little the big four can do, argues accounting professor Paul Gillis, since this is an issue between governments.
Author Joel Backaler of China Goes West: Everything You Need to Know About Chinese Companies Going Global just returned from a book tour in China. On his website he summarizes a few observations, for example the fears of Chinese companies going global.