China’s government is trying to control its tech sector and VIE’s (Variable Interest Entities) are high on their agenda. But outside the China business, very few people know what VIE’s are and China lawyer Mark Schaub reposted his vlog on what VIE’s actually are, even though they are a key feature in China’s tech sector.
Outsiders often see China as a coherent country, with a similar culture, while they do not see the huge differences between different parts of the country, argues China expert Arnold Ma in his vlog. When you believe Western movies, you think China is only about fighting and kungfu, and fighting and kungfu, he says in a clip fighting myths about the country.
Rocker and political analyst Kaiser Kuo looks at how China – often wrongly – is perceived in the West in an interview with Australian broadcaster ABC. While the country has gone in less than a generation through a massive upgrade of its hardware, the software is often lagging behind, he says.
Setting up solid eco-systems to facilitate your business, is what China’s companies do right when they go global and other multinationals can learn from them, says strategic advisor Ashley Dudarenok on her vlog. Especially European companies have a rather poor starting position, she adds.
China-lawyer Mark Schaub looks back at how negotiations in China have changed compared to 25 years ago. Now, deals are made much easier, and lawyers no longer attend negotiations on basic deals. Business partners can solve often their problems without a large delegation of lawyers on both sides, he tells on his vlog.