The aspirations of president Xi Jinping to expand into the world with his One-Belt, One-Road (OBOR) initiative can only be compared with president John F. Kennedy´s plan to put a man on the moon, tells VC Andy Mok. His grand and ambitious goal includes 70% of the world´s economy and turns China´s focus on the US to Europe, Russia and Iran.
Category Archives: investments
Uber learned much from the failures of other American internet companies who tried to enter the China market, but still failed. China veteran Kaiser Kuo looks in ChinaFile at the competitive market in China, making it almost impossible for foreign internet companies to gain substantial market share.
The world has been eagerly hoping to see how China would adjust to the Western world. What they did not realize, says Andy Mok, managing director at Red Pagoda Resources in Beijing in Newsmax. What the world did not see was how much China started to change the world.
Business consultant and One Belt, One Road (OBOR) expert Andy Mok will be visiting Paris in the last weeks of August. Are you interested in having him as a speaker to explore the latest developments or China´s outbound investment? Do get in touch or fill in our speakers´request form.
Can Asia produce its own Mark Zuckerberg, the founder of Facebook? “No,” noted the reporter of E27 from a speech Chinaccelerator director William Bao Bean gave at the Echelon Asia Summit 2016. Unfortunately, the reporter did not wait for the second part of the speech, and William explains why Google and Facebook changed the playing field at Facebook.
Companies have a range of legitimate ways to avoid paying tax in the US. Apple is using one of them by not setting up a venture arm for its overseas investment, but by directly reinvesting its revenue from overseas, for example its hefty investments in car-hailing service Didi, says Beida accounting professor Paul Gillis to Marketplace.
Retail giant Suning has bought a majority share of Italian soccer club Inter Milan. Soccer expert Rowan Simons suggests in Time that those high-profile purchases might help some egos, but is unlikely to boost soccer in China.
The US Securities and Exchange Commission voices concerns about Alibaba´s sprawling business empire, and the way its accounting is organized. But also investors are concerned, tells business analyst Shaun Rein in the Financial Times.
Journalist Ian Johnson interviews economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know® on – among other subjects – China´s financial reforms and what has been derailing them in the New York Times. “The desire to control things has won out over the desire to reform and liberalize.”
Building more infrastructure has been a receipt for China to keep its economy growing double-digit for a long time. But that old growth model is no longer working, tells economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know® in an interview with QZ.