I have to give the author credit for trying to tackle a complex subject for the world of business and entrepreneurship in China is not an easy one to navigate, neither for the people directly involved in it nor long-time observers such as Edward Tse. The author has spent a lot of time in the Greater China Region understanding the trends and changes in business in China against a backdrop of a Communist-controlled government and the still-dominant position of state-owned enterprises. The debouche of the private sector with the arrival of successful companies such as Alibaba and Huawei after the tight lid of the centrally planned economy was taken off, however, is sure to continue and happen on a grander and more global scale. China is changing rapidly as we speak, and reading about some of the figures around China's merger and acquisitions in the U.S. was eye-opening. There will be no shortages of hyperboles around paradigm shifts in the global economy as a result of the changes, innovations and advances propagated by Chinese companies, whether or not as a result of collaboration with foreign partners. The next wave of entrepreneurs is being formed right underneath our noses. They are global, sophisticated, and savvy. They are in US universities, high schools and elementary schools in record numbers today and they are also graduating in greater numbers from some of the most prestigious universities in China. The coming total graduate workforce from China will reach 200 million by the year 2020, larger than the US workforce, according to the author. That is significant. As China continues to let its citizens prosper, more attention can be paid to the education of its people, and what then will follow is a continual wave of entrepreneurship, business transactions, R&D, innovation, and collaboration with other companies or countries. The author makes several astute observations. One of them is that Chinese companies and entrepreneurs that experience obstacles in their home country would make them and their prodigy better equipped to deal with ambiguity, risk, and complexity when expanding overseas. Another astute comment the author made is that "China's official spending has been aimed at matching Western capabilities and achievements, not at pushing forward into new areas. The rationale is straightforward: unless Chinese scientists and engineers can do the same things as their Western counterparts, they will not be able to move beyond their achievements....the suggestions that China's corporate innovation amounts to nothing beyond playing catch-up is to miss the across-the-board scale of what is happening...." (page 107). It is easy to misread what is happening 'across the board' in terms of the business landscape in China. It is like trying to read words on a fast-moving train. But in the midst of trying to analyze what is taking place in the private sector in China and what its future holds, it is a mistake to continue to hold the view that China cannot innovate. Unlike another reviewer, I would not dismiss the book as 'not recommended'. It is still a worthwhile read (I borrowed the book from the local public library). However, I would agree with the reviewer that the book's narrative is more surface level, not deep analysis. Moreover, I found it very challenging to get through the book because the narrative jumps from Alibaba to Haier to Huawei, then to other companies and back to Alibaba or Tencent, and then it is interspersed with various themes that either relate to the companies themselves or how the central government in China helps or hinders the private sector. It's not a very orderly book in that sense. Furthermore, the number of topics broached (e.g. robotics, 3D printing, pollution, to name a few, each deserving of their own book) diluted the book's intended focus. One key theme that I did pick up is that what is relevant going forward for China is how Chinese companies successfully grow, innovate, push and sustain their business models on a more international scale while remaining successful at home going forward. China is no longer copycat nation, at least not for much longer; it is on a brand new trajectory, and the government, the private sector, and its people will remain key to shaping the country's business future.  224 reviews49 followers July 8, 2020 I'd rather have a concrete and materialist analysis in liberal form than one dealing in generalities equiped with the right marxist terminology. China these days has a hypercompetitive and dynamic market sphere, so let's hear what its denizens have to say. Sadly, it's liberal generalities. Edward Tse loves the China Entrepreneur Forum, and everything is written from that perspective. Free commerce is good, the state was necessary but now it's a burden, SOEs should be reduced as much as politically tenable, and EVERYONE can be an entrepreneur if they want to be. It's a hyper-liberal account that doesn't bother too much with numbers or graphs, equivocates civil society and free markets, takes seriously CEO claims of environmental and social concern, and most jarringly has no concept of 'crisis'. The show will go on forever, Fukuyama was correct. The introduction sets out the different forms of property: individual, collective and private. Many that we would call private are registered as collective, which entails restrictions (the local government can force spending or acquisitions, managers are forbidden from holding too large a stock in it, etc) but still leaves a lot of space for 'free' market dynamics. I wish he went more in depth here, as it's the only place where the political dimension of property and accumulation is really developed. Elsewhere entrepreneurs (never owners) are simply the protagonists of all that is good and efficient; Friedman would squeal. The comparison with Yeltsin's shock doctrine is enlightening: while Russia simply sold its industries and privatized what remained, after 1989 China never privatized its mammoth productive facilities but rather loosened restrictions and legalized private forms of accumulation around them. The upsurge in market-driven enterprises thus came parallel to the state sector, not in its place — although gradual privatization takes place even in healthcare and finance, these days. Interesting example: consumer credit was developed not by banks but by Alibaba, which transformed a country in which 1% of the populace had a credit card into the biggest e-commerce market in the world. Another interesting thing is a brief bit on the flow of FDI — since the 2010s, this has reversed, and China now invests more in US mergers & acquisitions than vice versa. The classic overproduction conundrum rears its head: developing national consumption by boosting wages and demand-side investment, and so emboldening workers, or reinvesting the surplus overseas? The Chinese state, led by the most powerful CP in existence, allows private capital to decide for themselves for now, though the levers of capital control remain firmly in its hands. Not recommended — most is just aspirational selfhelp for shareholders, and the interesting stuff remains basic. mythology observations-and-reflections 218 reviews23 followers January 24, 2022 Một cuốn sách hay - nhưng mà so tới thời điểm này thì đã là khá lạc hậu - cho dù sách mới xuất bản đâu đó tháng 3 năm 2021. Trước tiên là điểm những điều hay mà mình học được từ cuốn sách: 1. Hóa ra các công ty lớn của Trung cũng đều phải chơi bài: sở hữu bởi 1 công ty bình phong ở nước ngoài để có thể tiếp cận nguồn vốn quốc tế. 2. Cách mà các công ty Trung biến các kiến thức quản lý của thế giới trở thành kiến thức nội địa Trung và ứng dụng cực kì linh hoạt các kiến thức ấy. 3. Cách mà thị trường Trung Quốc bắt buộc các công ty đa quốc gia phải tôn trọng văn hóa bản địa và vận hành linh hoạt hơn trong tiếp cận thị trường - chứ không phải thái độ ông lớn mà áp đặt thị trường theo luật của họ như trước đây. Đọc đến phần này tự dưng lại cảm thấy chiến dich " tẩy chay Trung Quốc" mà Mỹ và Châu Âu đề xướng cuối cùng cũng chỉ là một chiêu bài chiếm lĩnh thị trường mà thôi - chả có cái gì gọi là " vì người tiêu dùng" ở đây cả. 4. Hoạt động điều hành của các công ty lớn đa quốc gia từ trước tới nay vốn là áp đặt từ trên tổng bộ xuống chi nhánh các nước. Nhưng với thị trường tỉ dân Trung Quốc thì họ đã phải thay đổi - cấp nhiều quyền hạn hơn cho quản lý của chi nhánh - nếu không muốn biến tất cả các quyết định đều trở thành chậm trễ. Và các công ty đa quốc gia buộc phải coi trọng những người quản lý địa phương - những người am hiểu sâu sắc thị trường chứ không phải là những người do tổng bộ gửi xuống. 5. Các công ty Trung Quốc từ việc vực dậy từ công ty nhà nước siêu yếu kém, tiếp thu kinh nghiệm và kiến thức của quốc tế, để rồi mạnh dạn bơi ra biển lớn để chiến đấu và giành thị trường với những công ty đa quốc gia hàng đầu của thế giới. 6. Và mình cũng đã biết thêm: các công ty khổng lồ của Trung hoạt động linh hoạt bên lề pháp luật - nhưng không bắt tay với chính trị. ( Cái này chắc cần phải xem kĩ hơn - vì vụ con gái Nhậm Chính Phi của Huawei bị bắt ở Canada còn chưa ngã ngũ kìa!) Nhiều thứ trong cuốn sách đề cập tới nay đã là lạc hậu rồi. 1. Từ sau lệnh cấm vận đầu tiên của Mỹ, thì ZTE đã gần như biến mất khỏi thị trường. Mình biết tới ZTE do có chị trên diễn đàn WTT có chồng làm IT giới thiệu. Và con máy đó phải đặt mua trên Banggood ship từ Hongkong trực tiếp về VN. Thực sự chất lượng quá tốt so với giá. Thế nhưng khi mình bị vỡ màn hình thì không thể kiếm được màn hình thay - do lúc đó ZTE đã bị cấm và thu hẹp mọi hoạt động thương mại. Ở VN thì ZTE không có tiếng tăm - nhưng trên quốc tế thì thực sự rất mạnh á. Từ sau đó, giá của ZTE ngày càng tăng chứ không có hàng giá rẻ như trước nữa. Nhớ lúc còn mua được điện thoại về tay giá có 2.2tr, tai nghe bluetooth về tay có gần 200k. Vừa rẻ vừa tốt! 2. Tới hiện tại thì cũng là hơn 1 năm Jack Ma huyền thoại của Alibaba biến mất khỏi các trang tin truyền thông - kể từ khi đăng đàn tuyên bố chính quyền cần thay đổi để tạo điều kiện cho doanh nghiệp phát triển hơn. Đi cùng sự biến mất của Mã Vân đó là công ty tài chính Ant bị tuýt còi và không được niêm yết. Đó là cái giá mà chính quyền cảnh cáo tới những doanh nghiệp ở Trung - có thể mạnh - nhưng không được mạnh hơn chính quyền. 3. Với sự phát triển mạnh mẽ của Huawei trên cả thị trường quốc tế, lệnh cấm cùng lệnh bắt giữ con gái ông Nhậm Chính Phi ( thực ra là đòn chính trị để chiến tranh thương mại giữa Mỹ và Trung Quốc) đã làm tan vỡ toàn bộ kế hoạch của Huawei. Giờ thì kiếm được hàng Huawei không hề dễ dàng như trước. 4. Điều đáng ghét nhất trong năm 21 vừa qua với mình là việc Xiaomi chặn GG trên điện thoại di động nội địa Trung. Hức... Đại đa số mình dùng app đều tải từ GG Play. Và với động thái chặn không còn đường lách như thế đồng nghĩa với việc em Xiaomi Note 7 Pro hàng nội địa Trung của mình nó nghỉ chơi luôn. Không thể phủ nhận rằng hàng Xiaomi dùng cực kì thích mà giá cả lại vừa phải. Nguyên việc chụp ảnh thì hàng Xiaomi hiện tại đang bất bại - mình chấp hết các thể loại Iphone hay Samsung đời mới luôn. Các chú lớn oánh nhau và hậu quả là những người dùng nhỏ bé như mình phải chịu hậu quả! Ghét á! 5. Dân Việt mình hay bị tẩy não nên khá kì thị hàng Trung. Trong mặc định của nhiều người thế hệ phụ huynh và thế hệ của mình, hàng Trung đồng nghĩa với giá rẻ - chất lượng tồi và có chất hóa học độc hại. Nhưng vài năm làm order hàng nội địa Trung đã cho mình cái nhìn khác hẳn. Từ đồ điện tử tới đồ gia dụng, đồ may mặc, đồ trang trí... hàng chuẩn Trung đẹp cực kì luôn - và giá cả cũng không hề rẻ mạt. Rất nhiều món thủ công thì hàng Việt đúng là không có cửa so sánh luôn. Một số thương hiệu nội địa Trung giờ mình là fan ruột. 6. Ông lớn như Tencent, Iqiyi... năm ngoái đứng trước lệnh thanh lọc văn hóa của chính quyền đã biết mùi thua lỗ rồi. Từ việc hạn chế thời gian chiếu phim nước ngoài, tới cấm các show "tuyển tú" khai thác fan của lưu lượng... Mặc dù nghe thì có vẻ rất đáng ghét - nhưng dưới góc độ người dùng thì mình thấy lệnh cấm của chính quyền là có lý do và cần để hạn chế quyền lực mềm được các ông lớn tư bản khai thác tới triệt để như vậy. Thực ra, ở Mỹ thì Gg, Face hay Amazon... đều cũng đứng trước các vụ kiện chống độc quyền của chính quyền đó thôi. Phải công nhận là khi nắm giữ được trong tay big data của người dùng thì ông nào cũng có khả năng thành ông lớn hết. Cuối cùng, mặc dù hơi lạc hậu nhưng đây cũng là cuốn sách hay dành cho ai thích nghiên cứu kinh tế vĩ mô và quản lý doanh nghiệp. 39 reviews2 followers February 10, 2019 Dieses Buch erklärt eingangs sehr anschaulich, wie es in China dazu kam, dass große und erfolgreiche Unternehmen wie Alibaba, Huawai, Tencent, JD.com, Baidu, Sina Weibo usw entstehen konnten. Dabei spart der Autor nicht mit spannenden Geschichten über die Gründerakteure wie Jack Ma, aber leider auch jede Menge Business KPI aus den besagten Unternehmen. Er beschreibt aber auch was sich in China nach dem Tod vom Mao ökonomisch verändert hat und wie es ist in China Unternehmen zu gründen und zu führen. Und so beschreibt er wie sich China geöffnet und liberalisiert hat. Und was macht man als angehender Gründer, wenn es plötzlich liberaler wird und man Zugang zu Informationen bekommt? Man geht in eine Bibliothek, konsumiert Management-Literatur und wendet das neu Erlernte an. Und so liest sich das restliche Buch, wie ein praxisorientieres Manager Handbuch, weil der Autor einfach am Beispiel von Unternehmen wie Alibaba erklärt, wie deren Gründer vorgegangen sind um ihre riesigen Imperien aufzubauen. Und das unterscheidet sich erstaunlicherweise nicht wesentlich zu Gründungen in westl. Ländern. Insgesamt empfehlenswert, um das BWL-Studium nochmal aufzufrischen ;) 405 reviews198 followers Read June 9, 2020 Not sure how to rate because I am not qualified. Not much of a business person here. The book is more like Edward Tse's personal view of business environment in China, armed with his many years experience and personal connections. We do not know his reasoning process, only the final outcome. How to rate such opinion while I have none from myself? Overall, it is rather optimistic, but not overly proud, which makes it a comfortable read. At the same time super vague, nothing can be qualified as a case study. Tse tells some story company X sells this and voila they figure out Y and here is a summary description of them in year 2014. Oh also there are some policies Z that may help or hurt (in a very general way). So it's hard to learn anything concrete but only a very faint idea of the context, politically and economically, and perhaps culturally. I also wish to know more about failures. The mere size of China allows for a large number of successes and also means a much much greater number of failures. Perhaps we can learn from mistakes more easily? Anyway, an ok introduction, but probably only interesting to people who intend to do business in the country. non-fic 185 reviews33 followers July 22, 2019 Reading this book made me hesitated a number of times to choose a score between two or three of the five stars. Two when I feel that Tse's writing seems too confident in his country that will progress. It rises to three when I think again that it is the meeting point for economic readers from outside China to study the procedures of hypersensitive Chinese competitors and how China is liberalizing its economy in addition to the Communist Party's government living side by side. At least I could find the answer ancient questions inside of my brain whenever people told me China will be the new superpower in economy of the world but the politics of its country still taking the power for globalization. My friends are struggling contact to overseas until they find VPN. And the question how could China surviving its society whom popular titled "pride, ambitious, same cultural heritage" being capitalize country? The answer start from Den Xiaoping, but on the otherwise. "How can the 'pride' and 'ambitious' people aren't protest where the book written that the government expecting loyality from the society despite internet business in China employing special employees is obliged to monitor their services, delete and block anti-government messages?" Answered: business entity more focusing on clarification and strengthening property rights. Predictions both verbally and research I can say this book can be the answer to why China can control the world economy. "We are taking risks. We could born to be one of the biggest company in the world, or we could just be born or die. I don't think we can be called as a successful company, but, we could always reform and explore." -Zhang Ruimin, Haier. business economics nonfiction 554 reviews85 followers March 14, 2020 Alibaba, Baidu, Tencent, Xiaomi and other Tech giants in China. This book is another explanation why Chinese companies are winning in their domestic market which is basically a gladiator arena and how the gained experience helps them also successfully conquer foreign markets. China business environment creates intrinsic drive for constant innovation because all winning products will be copied in no time which erodes margins, pace of innovation constantly needs to stay ahead of copying in order to survive. While the big companies outside China are often naively trying to extend their reach into China with their existing strategy and approaches they are not only loosing there but also on their home ground. From this angle the book should be inspiring and call for action as it shows how lazy many organizations are and the still untapped potential. While saying this I would not consider this book a sales pitch to Chinese disruptors, it also discusses the severe challenges and issues that need to be addressed for sustained growth (evolving entrepreneurial mindset in close cooperation with government, tackling environmental issues etc.). “We need more companies to run themselves in a similar way to Chinese companies—operating more in the present, viewing themselves as in a condition of constant flux, and always searching for new business areas they can stretch themselves into.” 3 reviews11 followers January 20, 2019 Insightful book, although meandering at times. Notes below. Key Takeaways • The pace of change in China is blistering – a company’s ability to innovate and adapt to changing conditions is paramount as a source of competitive advantage o Traditional moats seen in the West are less secure / sustainable in China - competitors can emerge from unexpected positions The Chinese market is hyper-competitive, and barriers are lowered by growth and technology o Difficulties for even the most successful companies in establishing long-term sustainable competitive advantage means companies must always be willing to realign how they operate Reinvention must lie at the heart of a company’s activities, all the while leveraging existing strengths o Business strategy in China is best described as “exploiting temporary competitive advantages” – it is defined by reacting and testing rather than planning • Thoughtful multinationals will use their China operations as a source of competitive advantage globally – leveraging scale or innovation • As China grows richer, more innovations will be aimed at wealthier segments of the market, and so more of its innovations will also appeal to people in developed economies o A richer China means it will contribute more to global innovation – technology, medical research o China will also increasingly become a global trendsetter • Chinese companies will increasingly become global o The most successful Chinese companies will be those that combine scale in China, an ability to absorb international practices and management, and access to capital for acquisitions • Economic development must be maintained to ensure continuing support for Communist Party rule o In return for expanding operational freedoms, the government expects loyalty, particularly in politically sensitive areas Introduction – Enterprises of our Time • Privately run businesses account for by far the biggest share of the Chinese economy – probably around 75% and possibly more than 80% if the country’s 100mm or so farming households are included o At the time of Mao’s death in 1976, China had no private businesses o Industry and agriculture were run either by the central government, local governments, or through collectives o The number of state owned businesses fell by half from 2003 to 2013 • Zhang Ruimin – responsible for taking an ailing collectively owned factory and building it into the leading home appliances multinational (Haier) • China critics argue that China’s economic success is due, in good part, to unfair practices by the Chinese government: o Mercantilist trade regime o Currency manipulation o High pressure efforts to open external markets to its businesses o Subsidies for manufacturers o Widespread pirating of foreign goods and technology • They argue that the main beneficiaries of these policies have been Chinese export manufacturers, sucking in jobs from the rest of the world • The critics miss the emergence of a new group of entrepreneurial business leaders, all from the private sector, most of them operating with little direct government influence or support, and all of them transforming their industries o Jack Ma – Alibaba o Pony Ma – Tencent o Rob Li – Baidu o Ren Zhengfei – Huawei o Yang Yuanqing – Lenovo o Lei Jun – Xiamoi o Yu Gang – Yihaodan online supermarket o Lu Shufu – Geely Auto o Xu Lianjie – Hengan International (CPG products) o Diane Wang – DHGate.com, B2B retailer • The Chinese entrepreneurs thrived in part because they created companies able to change as China changed o Unfairly compared to the Russian oligarchs of the early 2000s – the Chinese entrepreneurs developed their businesses from the ground up, not by taking advantage of the privatization of industry • It will increasingly be Chinese goods and Chinese consumers that set global standards and preferences o Chinese consumers are perhaps the world’s most fickle – studies show little brand loyalty, whether for everyday items or big ticket purchases o Companies can no longer think about establishing a defensible position for themselves and their products; instead they can only think of creating the means to transform themselves over and over gain o Rather than setting goals or targets, companies are instead concentrating on ways of strengthening their capabilities to improvise and innovate • Chinese entrepreneurs do not have preplanned answers to many of the problems that confront them; their strengths are those of skillful adaptation, in both strategy and execution o Constantly searching for small advantages Chapter 1 – Anything is Possible • Alibaba created an online payments system to facilitate C2C eCommerce (Taobao) because Chinese didn’t have a sophisticated payments system o Chinese SOE banks weren’t supporting SMB private enterprises, so building on Alipay’s success, Alibaba set up a finance arm to make small loans to Alibaba.com users, using the value of business conducted through Alibaba and rating received from customers to assess creditworthiness • Jack Ma doesn’t attribute his success to meticulous planning: “if you plan, you lose. If you don’t plan, you win” o Taobao was set up in reaction to eBay’s arrival o Alibaba isn’t following the traditional business strategy of having a core competency. Instead, it’s constantly looking for the right combination of opportunity and competence • Mao’s view of order was based on a system that did not allow anyone to visibly excel at the expense of others, except through the Communist Party – resulted in a four-decade long blockade on innovation and intellectual growth • China’s first reforms (under Deng Xiaoping in 1978) took place in the countryside under the “Household Responsibility System” where farmers became free to sell any excess production (after contractual obligations to the state) at whatever price they wanted o Agricultural output soared, rising as much as 10% annually through the 1980s • In 1988, China’s parliament granted private companies the formal right to exist • At the heart of China’s entrepreneurial spirit lie three core elements: o Pride – entrepreneurs see an important part of their mission as planning a major role in the achievement of national prosperity o Ambition o Shared cultural heritage – at the heart of Confucian thought is the idea that for the world to be well ordered, people must behave properly and fulfill their prescribed roles… Chinese leaders tend to harbor an underlying assumption that the natural tendency of the world is to run toward disorder. Control is always necessary. Deep obligation to give their business purpose Chapter 2 – Wide Open • Four factors propelling broad economic growth: o Scale o Openness Changes in China’s openness over the last several years tend to benefit domestic private companies over MNCs because they have greater familiarity with local conditions (complexity and speed of change) o Official support Economic development must be maintained to ensure continuing support for Communist Party rule, while Communist Party rule provides the national stability necessary for development to continue In return for expanding operational freedoms, the government expects loyalty, particularly in politically sensitive areas o Technology Chapter 3 – Do or Die • The growth in China requires companies to change, not as a reaction to one particular problem, but as an across-the-board need to cope with multiple challenges simultaneously o Business strategy in China is best described as “exploiting temporary competitive advantages” • China’s entrepreneurs are innovating in atypical ways, such as Huawei finding ways to supply communication equipment to secondary-market players • As China grows richer, more innovations will be aimed at wealthier segments of the market, and so more of its innovations will also appeal to people in developed economies • China has a demographic problem on its hands: the working-age population will decline from 900mm today to 650mm by mid-century – productivity will need to rise sharply for China to stay competitive Chapter 4 – Outbound • Chinese companies are starting to move into the world at large en masse, seeking both markets and acquisitions o The most successful Chinese companies will be those that combine scale in China, an ability to absorb international practices and management, and access to capital for acquisitions Chapter 5 – Changing China • China now has near universal health insurance coverage • To monitor the internet content platforms, the government’s propaganda department issues instructions every day to companies telling them how to handle sensitive topics o As a quid pro quo for commercial freedom, internet companies such as Tencent and Baidu with user-based content have staff to monitor their services and remove posts on sensitive subjects as soon as they find it • Companies see themselves participating in a continual process of negotiation with the government, that allows them to continue growing their businesses o Xi’s biggest fear is that a sharp reduction in growth might trigger social unrest o “Be close to government, but far from politics” – CEO of Dalian Wanda Chapter 6 – The Right Response • “Competing on the edge” framework: o Advantage can only be temporary Change, rather than being viewed as a threat to existing businesses should instead be treated as the key source of new opportunities for growth o As a result of advantage being temporary, strategy will have to be diverse and emergent, and defy simple generalizations o Reinvention will lie at the heart of all of a company’s activities Efficiency will count for less than the ability to generate and test new ideas o Companies should remain rooted in the present, making sure they gain maximum benefit from their existing products by extending offerings to new market segments and developing derivative products “Stretching out the past” by using existing strengths to launch new products and services • WeChat’s roots clearly extend back to its original hit, QQ; its stream of new features taps into the need for constant iteration to keep consumers in search of novelty happy • China’s “conglomerate” companies can be attributed to two things: (i) the still underdeveloped nature of China’s markets and (ii) the rate of market change that creates difficulties for even the most successful companies in establishing long-term sustainable competitive advantage • Traditionally, MNCs have taken products and operational strengths that brought them success in one or two regions and applied them in other markets around the world expecting the same – in China they need to do the opposite: figure out how to best configure their operations there and then use their China-developed strengths to improve their performance in the rest of the world o To be successful in China, MNCs must have fast decision making, flexibility, and innovate the Chinese way o G&E has used China to develop low-cost medical equipment This entire review has been hidden because of spoilers. Author 2 books138 followers February 7, 2016 Buku ini bercerita mulai dari awal perkembangan para entrepreneur di China, bagaimana mereka bisa meraih kesuksesan baik di China maupun di dunia, dan ap tantangan yang mereka hadapi di masa depan? Sejak kepemimpinan Deng Xiaoping, China mulai membuka diri terhadap segala bentuk inovasi, termasuk di bidang ekonomi. Hal itulah yang kemudian membuka kesempatan bagi para inovator untuk berkreasi. Berbagai perusahaan swasta pun muncul, seperti Haier, Huawei, Lenovo, Alibaba, Tencent, Xiaomi. Tak cukup menguasai pasar dalam negeri, mereka pun mencoba menguasai pasar dunia. Hasilnya, saat ini sudah beberapa dari mereka yang masuk pasar saham di Amerika Serikat, dan mempunyai kantor dan pabrik di berbagai negara. Di dalam negeri, hal ini memicu kekhawatiran akan runtuhnya dominasi pemerintah. Namun, dalam waktu dekat, kemungkinan hanya perusahaan negara milik China saja yang akan mengalami penurunan pendapatan, tapi kekuatan politik akan tetap dipegang oleh Partai Komunis China. Namun, mereka perlu menjaga keseimbangan agar kekuatan mereka tetap terjaga di tengah menanjaknya ekonomi China. Perusahaan asing sebenarnya bisa menggunakan fenomena peningkatan ekonomi China, untuk keuntungan mereka. Namun untuk itu, mereka harus mengenal lebih dalam bagaimana kondisi bisnis di China. Bila mereka berhasil menaklukkan China, mereka bisa menggunakan taktik yang sama untuk menaklukkan dunia. June 2, 2016 Nice book. Read if you want to learn about China's social and economic development since the cultural revolution in the 1960's. Or read if you want to get a high level view of China's current business landscape. Who the major players are. Current sentiment and attitudes in the country. Outlooks, etc... Small aside: I appreciate the stats and figures but even more so that they are sourced in the footnotes!! Statisticians world-round are overjoyed. 432 reviews7 followers March 22, 2017 Edward Tse has here written a primer on Chinas new private corporate elite. If you know the basics about the people behind names like Tencent, Baidu, Alibaba, Huawei etc this book is a waste of time. For me it was new information and as such a rather interesting and entertaining book. Tse also adds some of his own thoughts about developments in China going forward. All in all a decent book delivering what the title promises. economics Author 21 books106 followers October 28, 2015 Good for people who want to be introduced to Chinese business, how it works and who the successful players are. It's a bit light and breezy, but excellent if you just want a quick overview of the juggernaut that is China today. 195 reviews10 followers November 12, 2016 As I was reading this I thought the writing style followed the pyramid principle. Turned out the author was a director at BCG. Very simple storyline and superficial insight. Someone can easily turn this into a 15 page deck. fall16 514 reviews25 followers July 2, 2023 Những gã khổng lồ Trung Quốc by Edward Tse *sách tóm tắt - Alibaba, Xiaomi, Huawei, Tensen... đang thay đổi luật chơi ntn? Cách vượt qua và vươn lên để trở thành "ông lớn". - Bối cảnh phát triển kt TQ rất nhanh-> thị trg có sức ảnh hưởng khổng lồ lên thế giới. - Tinh thần đổi mới, chấp nhận rủi ro. Nội dung 1: TQ là 1 thị trường khó chinh phục - Nhiều ông lớn đã ngã ngựa tại TQ: ebay (k cạnh tranh dc với taobao), google, fb, whatapp, utube bị cấm cửa (thay bởi baidu, wechat, QQ, tiktok). - Thế giới có j thì TQ có phiên bản tương t��, thân thiện hơn với người dùng nội địa. - Phải hiểu về thị trg này nếu k tiền chỉ như muổi bỏ bể, k cạnh tranh dc với công ty bản địa hiểu thói quan tiêu dùng của ng dân, chính phủ quá mức bảo vệ lợi ích quốc gia. - Cuộc chiến các DN nội địa cũng khốc liệt, ai cũng tranh vị trí đứng đầu. - Hàng nhái: Thách thức để đổi mới, đắp vào chỗ trống thị trg. - Năng lực sx phát triển thần tốc: gia công sp thương hiệu quốc gia, hàng nhái -> hiểu về chiến lược sp, ... - DN nước ngoài đối mặt với rào cản pháp lý, cơ sở hạ tầng. - Thanh toán k tiền mặt dần trở nên phổ biến. Tư nhân đi trc nhà nc theo sau. - Ổn định là 1 trạng thái bất ổn: Khi cty tìm kiếm sự ổn định = chuẩn bị cho hồi kết. Nội dung 2: Đầu tư vào ng cứu và phát triển sp. - Nhà nc và tư nhân đều tập trung vào R&D (ng cứu và phát triển sp), các lĩnh vực năng lượng, nguồn nc, bảo vệ môi trg. -S áng tạo với mục tiêu vượt qua những thách thức trc mắt: Giảm phụ thuộc công nghệ nhập khẩu bằng cách phát triển ngành Công nghiệp bán dẫn bản xứ, mở rộng hệ thống đường sắt tốc độ cao để tăng cường LK thương mại với nước láng giềng, lắp đặt năng lượng mặt trời cho nông thôn... - K ngại chi tiền cho Cty tư vấn nc ngoài, mua lại DN tại các nc phát triển, có năng lực về R&D (khi nguồn lực nội địa k cho phép) => k ngừng cải tiến sp, đáp ứng nhu cầu trong nc, đảm bảo hàng hóa đạt tiêu chuẩn ở nc ngoài... - Dn TQ trở thành đối thủ cạnh tranh với các thương hiệu toàn cầu, ở mọi lĩnh vực. Nội dung 3: TRở thành số 1 - Khao khát trở thành số 1 quốc tế, tham vọng ngay từ vạch xuất phát => tư duy toàn cầu. - ALibaba luôn tìm kiếm sự kết hợp hài hòa giữa năng lực và cơ hội tạo ra tầm ảnh hưởng. - Xiaomi - cạnh tranh với Apple. - Năng lực thích ứng cao với biến động, k ngừng học hỏi và sáng tạo. - Chỉ có 1 số thương hiệu lớn có thể thành công tại đây. 02.07.2023 N đọc thêm review/ tóm tắt sách của mình tại: https://nhungghicheplinhtinhcuangoc.w... April 29, 2018 China is becoming more open with investments in overseas companies. Turning into a more globalist society filled with strong willed individuals able to make ever-present decisions. Very ambitious individuals. Aim to do new things because they want to be able to see off their foreign rivals, and the only way to do so is through new means. US Companies can learn: -Stay in state of constant flux (innovation) -Operate in the present -Always looking for new categories to jump into ex: WeChat, QQ, AliPay Every employee should consider themselves an entrepreneur. Small teams that act like their own small businesses. Company: Hai Er, CEO: Zhang Ruimin Entrepreneur took an ax and destroyed all malfunctioning refrigerators. Made a point that they only want the best quality products. China: -Largest companies are government owned: banks, insurers, telecom, oil, energy, airlines, construction, steel, auto -Many private firms have been making investments overseas. Ex: Lenovo. -Teller of global tech trends -Joined World Trade Organization early 2000’s: -Foreign inflows more than doubled -China became biggest exporter & trader -Biggest car market -Through the 90’s residents didn’t own their homes, they stayed in places provided by their jobs -Privatization movement: people could buy their own homes -Business leaders want to have a social impact -Economic Forces: Scale (population), Openness, Official Support (govs ability to provide infrastructure needed for growth), Technology -Forming partnerships is BIG -Piracy going down -Urbanization is biggest impact occurring -NEED to find solution to energy and transport for growing urbanization -Relies on coal for 66% of energy needs; biggest carbon emitter -Worlds largest oil importer -China’s biggest property company bought AMC Theaters in 2014 183 reviews3 followers January 14, 2019 There are not many Business/Management books about China's companies written in English for a Western audience. Most English books tend to focus on Western (American or European) companies. As China is now the 2nd largest economy in the world, it is imperative that Western readers have some basic insight about the biggest up-and-coming companies in China, and this book fulfills that role. Of course, this book focuses mainly on just the "biggest" companies with a global impact. There are many domestic companies which may not have a strong global presence, but are so large that they will likely be a force globally within a few years. For example, WeChat is predominantly used by Chinese nationals. However, as Chinese tourists travel abroad, companies may find that supporting WeChat will help them earn the Chinese dollar from these travellers. And the internet connected world is changing things so dynamically that a book like this could easily get out of date within a few years. But despite the rapid obsolescence of the content of these kind of books, this book is still useful and informative. However, this book doesn't really answer how the Chinese companies are changing the rules of business. Many of the business practices may not be portable to Western countries or countries where cheap labour is not a given. In a sense, this book is descriptive, not prescriptive. But description is important as one needs to understand the perspective where the Chinese entrepreneurs are coming from. 81 reviews1 follower April 30, 2019 Buku ini asyik banget buat dibaca, karena penuh dengan cerita-cerita para disruptor yang membawa bisnis dan ekonomi China seperti saat ini. Dan sekaligus memaparkan banyak pembelajaran dari para wirausahawan China yang sukses membawa China menjadi kekuatan ekonomi dunia. Perekonomian China rumit luar biasa. Para pengusahanya mau tak mau harus mampu meladeni pasar yang sangat besar dengan perubahan yang sangat cepat. Perilaku konsumen China yang cenderung tidak memiliki loyalitas terhadap merek tertentu. Tak terhitung batapa banyak perusahaan china yang melenturkan diri agar dapat mencapai area-area bisnis di luar bidang yang semula digelutinya yaitu ganti bidang industri, serta langkah-langkah transformasi terus-menerus, termasuk melakukan eksperimen tanpa henti dalam menghasilkan produk-produk yang mampu mengikuti pasar China Kekuatan mereka ada kelihaian beradaptasi dalam hal strategi maupun eksekusi . Para pengusaha China sepenuhnya yakin bahwa kesuksesan akan datang dengan menghadapi tekanan, mengambil resiko, dan bereaksi cepat terhadap segala peluang sekecil apapun peluangnya. Nah, buku ini ditulis untuk menceritakan kisah para disruptor (Pengusaha China) ini: sejarah mereka, kepribadian, kesuksesan bisnis dan dampak dari keberhasilan yang mereka raih. Mereka telah memainkan peran berharga dalam transformasi ekonomi China - dan mereka akan memberikan dampak luar biasa terhadap perekonomian global di masa yang akan datang. 309 reviews4 followers March 5, 2020 Placing the hope of China’s future on its creative and aggressive entrepreneurs, this book takes a positive view of the possibilities being realized by China’s private mega businesses. Utilizing off shore ownership to scrape profits and avoid direct government oversight, companies like alibaba and others play just enough politics to gain market share and then demonstrate the value of a more open and meritocratic economy. The author does sometimes come across as overly positive about the future of global business under the watchful eye of an exceedingly controlling government. However he makes the case that outsiders should take a wider view at what is being achieved by creative business ventures and then celebrated and replicated by more government controlled sectors and companies. It’s helpful to listen to this perspective having been mentored under the influence of Silicon Valley. In the US the government is trying to limit corporate powers. In China the government is trying to leverage it. Moral and economic ambiguities arise at all turns. I only hope I provide better wisdom to my students having looked into their future opportunities and challenges as best as I can. 7 hours or 272 pages of modern Neo Confucian business models gone global. 14 reviews106 followers June 5, 2018 Apa yang menyebabkan bisnis di negeri Tirai Bambu begitu melejit bahkan membuat dunia seakan-akan kedatangan seorang Muhammad Ali baru di ring tinju? Edward Tse, seorang CEO dari perusahaan konsultasi strategi global di hina akan membahas hal tersebut, dan menjelaskan isu-isu mengenai reformasi perekonomian China yang begitu mendukung adanya bisnis swasta. Pada buku, dia juga menekankan persoalan mengenai media barat yang memberikan stigma negatif pada iklim kebebasan membangun usaha swasta di China. Nyatanya, hal tersebut dapat Tse tepis dengan jawaban yang konkrit dengan sumber yang kredibel. China's Disruptors memberikan kamu gambaran strategi mereka dalam menantang perusahaan global terhadap ke-3 perusahaan yang disebutkan pada judul, Alibaba (Jack Ma sang founder membuat BABA melakukan IPO terbesar dalam sejarah), Xiaomi (Lei Jun sebagai CEO yang juga sebelumnya menjabat sebagai CEO Kingsoft), dan Tencent (Ma Huateng/Pony Ma yang begitu tertarik akan industri video game digital dan membuat perusahaannya menjadi paling berharga di Asia). October 2, 2017 Excellent introduction to some of the key private sector players driving China's continued economic growth and modernization. Challenges the existing Western narrative of China as an innovation desert filled with copycat firms exploiting weak intellectual property laws to steal unfair advantages from foreign competitors. While there is some truth to that characterization, Edward Tse tells the story of a different China, one filled with highly innovative and creative private sector companies battling each other for some small advantage in the intensely competitive Chinese domestic market. Through profiles of some of China's most successful private companies, Tse persuasively argues that these companies will play an increasingly important role in shaping the future China's state and society, as well as the entire global economy. This should be required reading for anyone trying to understand the driving force behind China's behavior on the global stage in the 21st century. 165 reviews6 followers September 17, 2018 This was my first introduction to current Chinese economy and I appreciate that Tse didn't make it below him to repeat time and time and time again main actors and their companies, it was well needed coming into this topic fresh. But even when I was venturing in without previous knowledge I found the way he handled the topic was a bit too one sided. Everything was very complementary and whatever criticism there was, it was touched upon lightly. This doesn't mean that I'm coming from a school of beating down the accomplishments Chinese economy has made during last 30 years or writing them off as a completely shrewd practices in violating copyright and human rights laws. A bit more balance would have benefited the book, imo. I am going to definitely read more on the topic and I appreciate that the first thing I picked up didn't scare me away. history history-21st-century history-country-specific 36 reviews8 followers Read June 5, 2021 Cuốn sách viết về sự phát triển của TQ từ việc các doanh nghiệp tư nhân lớn mạnh, có thể kể đến như Alibaba, Xiaomi, Tencent và nhiều doanh nghiệp tư nhân khác. Các doanh nghiệp đã thúc đẩy nền kinh tế phát triển vượt bậc, tạo công ăn việc làm cho người dân và thúc đẩy sáng tạo. Chính phủ TQ có thể lo lắng về sự phát triển này song họ cũng hiểu rằng nên kinh tế tư nhân có vai trò quan trọng như thế nào đối với TQ. TQ hiện nay không còn là đất nước nghèo nàn, chuyên đi sao chép các sản phẩm mà đã vươn lên trở thành nền kinh tế thứ hai thế giới, thách thức địa vị của Mỹ và là khởi nguồn của sáng tạo, khởi nghiệp. Sự phát triển của TQ cũng có thể gọi là con rồng Trung Hoa đã thức giấc. 4 reviews4 followers January 20, 2018 Nary any new insights The book only skims the surface of whats happening in china's internet industry with little analytical points. It feels like a compilation of historical news articles with several short paragraphs covering how China's internet founders began. Additionally, the author rambles about general political dynamics between companies and the government. Good for a reader who wants a broad overview or knows nothing much about China. December 23, 2019 This book was an impulse read and I'm glad to have read this book. This book is informative and carves many windows in to a black box that is China. Very thoughtfully articulated chapters that track the raise of Chinese entrepreneurship, economic growth and it's internal challenges. Some of his predictions are prescient. I'm now more informed about China and it's competitiveness, Dynamics, government Outlook etc. A good read for entrepreneurs thinking of working with Chinese companies. 13 reviews March 17, 2021 Well, although the book has some good points it is outdated because of the recent developments in China under General Secretary Xi Jinping. Tse points that China will develop in a more economically liberal way. It hasn't! Actually the opposite has taken place. But parts of the book is still worth reading because of Tse's insight knowledge of how Chinese entrepreneurs think. Worth reading for that. But not for anything else china 666 reviews9 followers March 3, 2023 It is worthwhile to see this perspective, now outdated, but it seriously misses the impact of Xi Jinping has had while glossing over major issues and concerns. China has made amazing growth from base zero but today the system is not able to cope with the real estate bubble burst which was 60% of the entire economy. Of course Covid and War could not be foreseen. But the reliance on an ecopnomy based 60% on real estate was not ever going to be sustainable. China has many issues, vast potential and a population decrease iof epic portions. The question is really can it survive one it has caught up? And the author seems to think big is best and size over quality matters. It does not. business marketing nonfiction 544 reviews6 followers June 29, 2017 The book starts off strong with an in-depth classification of Chinese companies. After that, the discussion devolves into a random assortment of articles about various companies. The author's knowledge of each company was generic and lacked insights. There are much better books about chinese companies with insights directly from the company founders . 6 reviews1 follower September 2, 2017 This book gives the reader a new perspective on China as a growing global force which is really critical as the rest of the world start to adapt to this new era. However discussion was not as in-depth as I would like it to be and some of the points were somewhat repetitive and not substantiated with evidence or data. |
