Starbucks sold its stake in its South-Korean joint venture, worth in total over US$2 billion. The best they can do, is reinvest their capital in expansion in China, says business analyst Shaun Rein to Reuters. “Using the sale of its South Korean operations will equip it with more cash that it can deploy to China,” Rein said.
Until a few weeks ago, listing at US stock markets was a favorite way to raise capital for fast-growing Chinese companies. That venue is closed now, and VC veteran William Bao Bean sees still bears on the road for on-shore listing’s at China’s stock markets, he tells the South China Morning Post.
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.
China did not comply with the conditions it signed up for when it entered the World Trade Organization (WTO), says former White House advisor Harry Broadman at the NACD Northern California Chapter in a discussion about American business in China. And while US president Joe Biden has taken on China bilaterally, it needs collective action to change the country’s attitude to trade, he adds.
Two-thirds of the world’s richest women come from China, says the latest Hurun Rich List report. “If we want to understand the global women entrepreneurship, we have to start from China. China has been home to more than two-thirds of the world’s most successful women entrepreneurs in the past decade,” said Rupert Hoogewerf, chairman and chief research officer of Hurun Global Rich List in the state-owned Global Times.