Today, probably the biggest phenomenon happening in China’s business is the rise of China’s private sector and as part of that, entrepreneurship and innovation. China’s economy has previously been dominated by major SOEs.
They are resourceful, often protected by preferential policies and enjoy certain privileges. Some western media called China “State Capitalism” which carries a somewhat negative connotation—a capitalist way where the government plays a major, directive role. Is that right? It is, but it is not the full picture.
Many people outside of China were surprised last year when Alibaba went for an initial public listing (IPO) in the New York stock market as the largest valued initial listing. Jack Ma, the founder, appeared on the front pages of New York Times, CNN and other leading media, catching lots of eyeballs.
Alibaba, Tencent, & Didi... How innovative 'Disruptor' companies are restructuring China's economy
Dr. Ed Tse will explain how four generations of entrepreneurs have disrupted China's economy and provide a framework you an use to analyze individual companies & industries.
In so doing, Ed will explain...
- The four waves of Chinese entrepreneurs and the distinct model each used to build successful businesses.
- How, with triple the revenues & profits of SOEs, private companies are increasingly the real force in China's economy.
- How different industries have been disrupted and what to expect going forward.
- The drivers of China's innovation--transition to market economy, exposed societal 'pain points,' intense and transformative competition, massive market scale, technology ( especially the wireless Internet), and the availability of VC & angel funds.
- How conventional wisdom that Chinese companies can't innovate is wrong.
- Case study: how the intersection between the Automotive and Internet Service Value Chains formed the 'New Mobility Value Chain'