China’ Disruptors by Edward Tse
This is an essential book for understanding evolution of entrepreneurs in china. Back in 1976 there were no non-state owned businesses. Today over 70% of GDP is run by companies. Roughly 4 waves of business have appeared
Between 1976 and 1988 almost all businesses had to come from large expatriate inward investment – technology companies like lenovo came from this era. Notably the expatriate Chinese (traders in such superports as hong kong, Taipei, Singapore and often the business presence of se asia) were the 3erd richest group in the world after Americans and Japanese so China mainland’s growth depended in these expatriate’s investments. From 1988 but formally as late as 1992 china allowed its own nationals to start big businesses. Often these people came from government and were charged with turning assets previously monopolised by the state into efficient organisiations.
The third wave primarily were the 3 big internet companies with jack ma just the first and definitely the most determined, Famously Ma had visited usa in 1994, seen the worldwide web, asked how huge this could be in terms of job creation and developing society back in china. In fact it took almost 10 years for ali baba to fully develop in line with tech and mobile infrastructures also needed on mainland. And some say it was as late as 2008 that it was clear that all 3 of ali baba , baidu and ten cent were scaling breakthroughs in what futures china could connect. The 4th wave of companies have often appeared in just a few years from 2008 on now that the internet infrastructure is complete including of course alipay as the digital payment system
The book clarifies a handful of cities where these big companies have grown up from. Many of these companies are still run by their founders and consciously care about developing china’s people and the purpose of their sector. We are not claiming all big chinese businessmen think like that but intriguingly most of those who partner or regular convene the china entrepreneur forum with jack ma do. In particular Ma claims business leaders in his own town hangzou are most entrepreneurial; he claims nearby shanghai is where international hq companies prefer to be; Beijing is the home of baidu and many of the tech hardware companies (there’s one really hot suburb where almost all digital Beijing is located); shenzen is more about tencents personal communications and games stuff
This book is essential unless you already knew the history of business leaders in china. It also has quite a lot of anecdotes about who met jack ma when , and the way in which the coming of the internet companies totally changed china including as was seen in the Hangzhou G20 how government of Xi Jinping now proudly positions china’s digital economy as inviting world youth to innovate some of sustainability’s global village solutions email@example.com [...]