Living in different countries means the risk of currency conversion loss. and now I found my impact on current during a discussion with friends.
When I first moved to Hong Kong, the value of HK dollar started to fall versus RMB;
Then I moved the U.S., the value of US dollar started to fall too;
and I went to U.K. thinking of making some pound in order to make up the loss, the pound fell as well;
Now my friends asked where I am going next. "That's a top business secret". I said.
A trading opportunity for "short", definitely.
Thursday, August 28, 2008
Thursday, August 14, 2008
From a girl's fake sing to a dancer's accidental fall
"The Olympic opening ceremony is stunning", everyone I met in London told me this. As a Chinese, I am very proud. There's one moment I feel something wet in the eye when I was watching the ceremony, not because of the beautiful scene, but because of thinking of all the people's effort behind this. For years, everyone has been working hard on the ceremony not for money, but for showing the world a beautiful country. They did it.
I had a big debate with an Australian friend when we were watching the ceremony because he kept saying Olympics is all about politics. "China should improve its human right before holding this Olympics", he said. A lot of politicians were there, and a lot of politics were involved, but there is only fair competition during the game. Athletes deserve a clean field to compete, and every country does too. If Olympics discriminate a country with one fourth of the world's population just because of politics, then I can't imagine the flame of the torch originated from Athen is still pure.
A few days later, he forwarded an email on the fake voice of the Chinese girl who was singing in the ceremony. He wants to prove his point. Look at the pictures of the two girls, you can see the one who showed up is "more cute" than the others. However, I can't help thinking the impact of this action on the girl who actually singed. Her name is Yang Peiyi. She has a beautiful voice, but she has to be behind the stage because of her "less-cute"look. She is just 7-years old, and what will she remember as she grow up? Also, to the girl who showed up, she will also remember she doesn't really sing in the ceremony, but get the position because she is better looking. What will happen to her?
In China's traditional saying, we will never judge a person based on his or her looking. But, I can understand why the director did this, though I don't agree. This is called groupism; people do this to make a better performance for the whole group, but they shouldn't ignore what will be the impact on individuals.
Chinese people are in the process of changing from a 100% of groupism to a mix of groupism and individualism, especially among younger generation. It's a good thing, and it's a right path for China to improve the human right situation.
When I am still "ashamed" by this fake sing, I found this story on a leading dancer who was expected to dance in the ceremony but fell off and hurt herself. Her name is Liu Yan. She may never stand up again. Zhang Yimou, the director of the ceremoney, visited her in the hospital. "You're the deepest pain in my heart," Zhang was reported as saying. "If I could see you stand up again, it would make me much more happier than any praise I've received."I was very impressed by this. Despite all the critics on Zhang's directing style, his words shows his respect to a single individual life, and that's the true
Olympic spirit.
I replied my Australian friend a long long email, telling him China's history before and the change now. At last, I said, "let's try to open mind to each other, and understand each other much better than our parents do".
(liu yan)
I had a big debate with an Australian friend when we were watching the ceremony because he kept saying Olympics is all about politics. "China should improve its human right before holding this Olympics", he said. A lot of politicians were there, and a lot of politics were involved, but there is only fair competition during the game. Athletes deserve a clean field to compete, and every country does too. If Olympics discriminate a country with one fourth of the world's population just because of politics, then I can't imagine the flame of the torch originated from Athen is still pure.
A few days later, he forwarded an email on the fake voice of the Chinese girl who was singing in the ceremony. He wants to prove his point. Look at the pictures of the two girls, you can see the one who showed up is "more cute" than the others. However, I can't help thinking the impact of this action on the girl who actually singed. Her name is Yang Peiyi. She has a beautiful voice, but she has to be behind the stage because of her "less-cute"look. She is just 7-years old, and what will she remember as she grow up? Also, to the girl who showed up, she will also remember she doesn't really sing in the ceremony, but get the position because she is better looking. What will happen to her?
In China's traditional saying, we will never judge a person based on his or her looking. But, I can understand why the director did this, though I don't agree. This is called groupism; people do this to make a better performance for the whole group, but they shouldn't ignore what will be the impact on individuals.
Chinese people are in the process of changing from a 100% of groupism to a mix of groupism and individualism, especially among younger generation. It's a good thing, and it's a right path for China to improve the human right situation.
When I am still "ashamed" by this fake sing, I found this story on a leading dancer who was expected to dance in the ceremony but fell off and hurt herself. Her name is Liu Yan. She may never stand up again. Zhang Yimou, the director of the ceremoney, visited her in the hospital. "You're the deepest pain in my heart," Zhang was reported as saying. "If I could see you stand up again, it would make me much more happier than any praise I've received."I was very impressed by this. Despite all the critics on Zhang's directing style, his words shows his respect to a single individual life, and that's the true
Olympic spirit.I replied my Australian friend a long long email, telling him China's history before and the change now. At last, I said, "let's try to open mind to each other, and understand each other much better than our parents do".
(liu yan)
Monday, August 04, 2008
Saturday, August 02, 2008
The intelligent Investor
There's one book accompanying me in London all the time, "The Intelligent Investor". The author Benjamin Graham is the teacher of Warren Buffet, and set up this theory of value investing. It is an easy-to-read book, especially with the new commentary by Jason Zweig. History always replay, so does the investment. Luckily, there's some value we can see from stocks. We are always tempted by ourselves, and the biggest enemy of successful investment is ourselves. Have to read it again to remember this theory more. A good investor is always well prepared, and this book is a must-to-read.
Monday, July 28, 2008
China Surpasses US in number of Internet Users
New York Times-"China said the number of Internet users in the country reached about 253 million last month, putting it ahead of the United States as the world's biggest Internet market. The estimate, based on a national phone survey and released on Thursday by the China Internet Network Information Center in Beijing, showed a powerful surge in Internet adoption in this country over the last few years, particularly among teenagers. "
Though the percentage of Internet users in China is still lower than U.S., 19 percent compared with 70 percent, it shows a new generation of Chinese citizens already grows bigger and bigger. Most of them are younger than 30, born as the only child in the family, speak English, and have time to surf on the Internet. They are the one growing up with a PC at home, just like baby boomers in U.S. growing up with TV 50 years ago. They will have their own generation problem, very much different from their parents, but no doube they will have a big impact on where China will go.
In London, I am shocked to see the poor knowledge on China of a lot of Europeans. In their mind, China is still a scary country without freedom of speech and human rights. Thanks to a lot of western media's coverage, people's mind still stays on the same page as twenty years ago. It is pitiful for China to be recognized in the world, and it is also pitiful for the world in the other way.
Though the percentage of Internet users in China is still lower than U.S., 19 percent compared with 70 percent, it shows a new generation of Chinese citizens already grows bigger and bigger. Most of them are younger than 30, born as the only child in the family, speak English, and have time to surf on the Internet. They are the one growing up with a PC at home, just like baby boomers in U.S. growing up with TV 50 years ago. They will have their own generation problem, very much different from their parents, but no doube they will have a big impact on where China will go.
In London, I am shocked to see the poor knowledge on China of a lot of Europeans. In their mind, China is still a scary country without freedom of speech and human rights. Thanks to a lot of western media's coverage, people's mind still stays on the same page as twenty years ago. It is pitiful for China to be recognized in the world, and it is also pitiful for the world in the other way.
Tuesday, July 22, 2008
Mobilize the social network
Working in London means getting more access to the European start-ups. Today I heard the name ZYB from a colleague. It was quite an interesting website helping people getting an easy life when changing to a new phone. It has a cool website name called http://www.igotanewphone.com/
It will be quite helpful to people who constantly change phones. I still remeber I have to write down all hundreds of contact from my old phone, and input it to the new phone, which is quite a mess. It turns out that I have to carry two phones in Europe, because I have all my China contact on one phone, and all my U.S. contact on the other.
This website is kinda of doing sth more innovative beyond uploading and downloading contacts. It tries to make use of those contacts to set up a network for people to share calendar and contacts. Vodafone bought this company in May, which I can see a lot of opportunity for Vodafone to develop in this space. However, the biggest concern in the mobile networking is how much people are willing to share their mobile numbers since they are more private info compared with facebook account or even email account. Imagine when you want to introduce a friend to another, people normally use facebook or send out email, instead of text the friend another friends' number. But who knows? people always change.
It will be quite helpful to people who constantly change phones. I still remeber I have to write down all hundreds of contact from my old phone, and input it to the new phone, which is quite a mess. It turns out that I have to carry two phones in Europe, because I have all my China contact on one phone, and all my U.S. contact on the other.
This website is kinda of doing sth more innovative beyond uploading and downloading contacts. It tries to make use of those contacts to set up a network for people to share calendar and contacts. Vodafone bought this company in May, which I can see a lot of opportunity for Vodafone to develop in this space. However, the biggest concern in the mobile networking is how much people are willing to share their mobile numbers since they are more private info compared with facebook account or even email account. Imagine when you want to introduce a friend to another, people normally use facebook or send out email, instead of text the friend another friends' number. But who knows? people always change.
Tuesday, July 15, 2008
National Gallery P.S. MoMa
They are the top two art museum in the world, one is in London, and one is in New York.
They both have the most famous piece from Vincent Van Gogh, one has SunFlower, and the other has Stary Night.
I love National Gallery because of its old style and the heavy history of over one thousand history.
I also love MoMa in New York as of its modern architecture and decoration, and possibly delicious soup in the canteen.
They are both precious belongings left by our precedents to us.
and what we will leave to our next next next generation?
They both have the most famous piece from Vincent Van Gogh, one has SunFlower, and the other has Stary Night.
I love National Gallery because of its old style and the heavy history of over one thousand history.
I also love MoMa in New York as of its modern architecture and decoration, and possibly delicious soup in the canteen.
They are both precious belongings left by our precedents to us.
and what we will leave to our next next next generation?
I am back
Sorry for being absent for two weeks. I am now doing my summer intern in London. The weather this week is quite nice and cool, but I still quite miss the sun in California.
Europe is a very interesting place, especially London. Very multinational, very not-efficient, very long history, very respected culture and very lovely people. I am yet to say I love London, but I can sense the creativity & knowledge of the Londoners (if people call themselves Londoners). Living here for a whole summer is very different from my last short visit two years before. I feel the city every day.
I visited Germany last week, and some photos to share. still thinking of going to France and Italy. Berlin is my favorite and definitely recommended to everyone.
Europe is a very interesting place, especially London. Very multinational, very not-efficient, very long history, very respected culture and very lovely people. I am yet to say I love London, but I can sense the creativity & knowledge of the Londoners (if people call themselves Londoners). Living here for a whole summer is very different from my last short visit two years before. I feel the city every day.
I visited Germany last week, and some photos to share. still thinking of going to France and Italy. Berlin is my favorite and definitely recommended to everyone.
Friday, June 27, 2008
even palo alto downtown is dangerous
I always think Palo Alto downtown is safe. But today I am wrong.
I was sitting in Wells Fargo bank on Hamilton Avenue for some account service. suddenly, two men came in and robbed the bank. "everyone put your hand on the table". They yelled. In twenty seconds, they robbed money and ran.
Gosh, is this a CSI scene just happened in real?
I was sitting in Wells Fargo bank on Hamilton Avenue for some account service. suddenly, two men came in and robbed the bank. "everyone put your hand on the table". They yelled. In twenty seconds, they robbed money and ran.
Gosh, is this a CSI scene just happened in real?
Thursday, June 26, 2008
"The Nokia Revolution"
Strongly recommend this book to anyone interested in mobile industry. This made-in-Finland company experienced a long process to evolve into the world-class handset producers in 140 years. Can you believe it was one of the largest toilet paper producer before, and it was also a no-brand OEM houses? With a strong leadership and the insightful vision of the Finish reformers, Nokia has grown up to be a global-competitive company. And is still doing great.
From what I read in the book, only one element can not make a great company. It needs good timing, good leadership, good strategy, good parnters, good government and a lot of other good things to make the great thing happen.
From what I read in the book, only one element can not make a great company. It needs good timing, good leadership, good strategy, good parnters, good government and a lot of other good things to make the great thing happen.
Tuesday, June 17, 2008
Reasons being bullish on China
Here is a fun piece from Jeff Farley, columnist of Seeking Alpha on why he is bullish on China after a two-week ground visit. He is probably more positive on China than I do, such as quote: " I would describe the Chinese government as similar to the parent of a teenager (which is kind of where they are in their economic development). They allow a lot of freedom but there is also supervision, direction and strong decisions made for the good of the country and the masses. The way I look at it is, parents are not violating human rights when they tell you your curfew is midnight, or you must go to school, don't do drugs, cut your hair, you cannot get a tattoo till you are 18, don't drink and drive, you cannot drive the car if you flunk out of school, or you better not get your girlfriend pregnant."
You could see how people change their opinions after being there by themselves. You can also see people's opinions in the 30 comments following this. Anyway, a good read if you want to learn how biases vary.
You could see how people change their opinions after being there by themselves. You can also see people's opinions in the 30 comments following this. Anyway, a good read if you want to learn how biases vary.
Friday, June 13, 2008
Google-Yahoo Deal
For Yahoo shareholder, they wanted to get a big watermelon a few months ago; now they only get a small apple.
The big watermelon is that Microsoft to buy Yahoo at a price as high as $37, while the small apple is that Google is going to open its ad service to Yahoo, which will bring a $250 million to $450 million strong cash flow to Yahoo's balance sheet.
Today, Yahoo announced that it ended up talks with Microsoft. However, it said it will partner with Google on opening its searching service to Google's advertising business. Reuters call it as a new model in ad partnership, while I believe that's only an apple to comfort upset yahoo investors.
In addition, Yahoo admits that its ad service based on its searching business is no longer as competitive as Google's. It may get a huge share of revenue from the deal, but the fact is that Yahoo can't do a better job in selling ads by itself.
It's interesting how similar the history looks like, even beyond the border. Over 2000 years ago, there was a small nation in China called Qin. The other five nations were all bigger and stronger than Qin. However, the Emperor of Qin is a very good strategiest. He chose to partner with one or two nations in order to fight with other bigger ones. Qin grew bigger and stronger benefiting the alliance, and finally took control of all the other five nations.
Managing a business is like governing a nation. Alliance is important, but that is not all. Yahoo may see a good deal now, but it will soon fully rely on Google's ad platform. Google will be the one who decide the percentage of revenue Yahoo can get. Yahoo needs more than a partnership to revive its business, without being taken over by anyone including Google and Microsoft.
The big watermelon is that Microsoft to buy Yahoo at a price as high as $37, while the small apple is that Google is going to open its ad service to Yahoo, which will bring a $250 million to $450 million strong cash flow to Yahoo's balance sheet.
Today, Yahoo announced that it ended up talks with Microsoft. However, it said it will partner with Google on opening its searching service to Google's advertising business. Reuters call it as a new model in ad partnership, while I believe that's only an apple to comfort upset yahoo investors.
In addition, Yahoo admits that its ad service based on its searching business is no longer as competitive as Google's. It may get a huge share of revenue from the deal, but the fact is that Yahoo can't do a better job in selling ads by itself.
It's interesting how similar the history looks like, even beyond the border. Over 2000 years ago, there was a small nation in China called Qin. The other five nations were all bigger and stronger than Qin. However, the Emperor of Qin is a very good strategiest. He chose to partner with one or two nations in order to fight with other bigger ones. Qin grew bigger and stronger benefiting the alliance, and finally took control of all the other five nations.
Managing a business is like governing a nation. Alliance is important, but that is not all. Yahoo may see a good deal now, but it will soon fully rely on Google's ad platform. Google will be the one who decide the percentage of revenue Yahoo can get. Yahoo needs more than a partnership to revive its business, without being taken over by anyone including Google and Microsoft.
Thursday, June 05, 2008
The Hong Kong acquisition of China Merchants Bank
The deal cost $4.66 billion, and valued the target at 29 times of the 2007 book value. People call this crazy, and Standard & Poor downgraded China Merchants Bank to Watch Negative, but I will say this is a good move.
S&P quoted the reason of downgrading as "CMB is short of managing practice in Hong Kong", but I will argue that CMB management is already prepared for it. Roughly one year ago, the management of CMB was asked if they want to expand in Hong Kong. A funny quote was "The number of bank branch in Hong Kong is higher than the number of restroom, it will be hard for us to make the progress". To me, the deal of this time represents the CMB's confidence in the future expansion.
Beyond the management confidence, there are still three other reasons for me to pro this acquisition.
First, the origin of CMB. CMB is originated from Shenzhen, a neighbor city of Hong Kong. Considering a lot of Hong Kong citizen residing in Shenzhen, CMB is already familiar with the customer culture in Hong Kong. Plus, CMB is the best in terms of retail banking in China, which will make it competitive in Hong Kong, a retail banking-dominated city.
Second, the RMB service of CMB. Currently, a lot of Hong Kong residents are saving RMB because of the continuous appreciation. CMB can provide a better service based on its RMB reserve from its mainland China branches. This is hard for the other Hong Kong banks because of their limitation in operating in mainland China.
Third, the increasing middle class in China. taking a survey on mainland Chinese who shop in Hong Kong, it will be amazing to see a high percentage of using CMB credit card. It will be much more convenient for them to enjoy a local service if they travel in Hong Kong. I believe this is only the first step for CMB. More and more overseas acquisition will happen because of the demand from Chinese consumers.
All in all, it is a high valuation, but it is a valuation after careful consideration. I look forward to a succesfull integration between CMB and Wing Lung.
Tuesday, June 03, 2008
Blogging buzz by Whole Foods CEO
This is an interesting piece i've read so far. John Mackey, the CEO of Whole Foods, are back to blogging after an investigation of annoymous postings on Yahoo Finance. It makes me think of the grassroot media's impact in the financial world.
Here is a digest from WSJ.
"Whole Foods Market Inc. Chief Executive John Mackey is back in the blogosphere after a months-long investigation that questioned his anonymous postings on Yahoo Finance message boards.
Here is a digest from WSJ.
"Whole Foods Market Inc. Chief Executive John Mackey is back in the blogosphere after a months-long investigation that questioned his anonymous postings on Yahoo Finance message boards.
The U.S. Securities and Exchange Commission spent the past 11 months investigating whether Mr. Mackey's roughly 1,400 anonymous messages under the screen name "Rahodeb" had broken any laws. The commission concluded no action needed to be taken against the chief executive or the company.
As a result, Mr. Mackey has returned to the Web with a vengeance, posting a 2,037-word piece on Whole Foods' Web site in which he said he's sorry the investigation put a negative spotlight on the company. He acknowledged making a mistake in judgment, but not ethics, saying he didn't realize posting under a screen name in an online community would cause so much controversy.
"I don't wish to apologize for being highly competitive, because much of my drive and creativity come from this competitiveness," he said. "I don't believe that I ever crossed the line of fair but vigorous debate in these postings." The posting was reported earlier by Silicon Alley Insider."
Saturday, May 31, 2008
Charity Sale
We raised $15,715 from classmates for the earthquake relief effort, which will be matched one to one by BCG China. The total $31,430 will be donated to Red Cross. It's not a big amount of money, but we hope it will help the people in Sichuan rebuild their home and get back to normal life soon. Best luck!
Thursday, May 22, 2008
smile from Sichuan
It's hard for people to smile after a big disaster. Here I forwarded a pic of a few kids who succeeded in getting away from disaster after climbing over the hills to get to the safe place. The 483 kids in this primary school built under China's Hope Project(a charity project sponsoring students in the poor area to go to school) created a miracle that no one died or injured in this disaster. The mainstream foreign media may never report on this, but the school is one of the few that its building didn't fall down during the earthquake, which gave the chance for teachers and students to survive. The sponsor, a private enterprise in Sichuan named Hanlong Group, made the construction quality the first priority in this project, which help saved all the lives of those innocent kids. A Chinese journalist reported this on his blog, while he called the miracle is led to the firm's advanced insight on what will happen in the future ten years before developing the building.
I have seen so many miserable pictures these days, and this is the first one I can see hope. Those young girls smiled very happily, that's the happiness of surviving with all their friends. They are lucky, but there are hundreds of thousands of kids who are not lucky after either losing their lives, their friends or their families. Now, my hope is that the one sstill alive will remember this disaster, but will look forward. They should know there are much more happiness they can enjoy in their future lives.
I am planning with a few friends on going to Sichuan this summer. The only purpose is to bring them happiness, and enjoy that with them. If you have experiences or training in dealing with people who suffered from major disaster, please give us some help on what we should pay attention, or should avoid. We appreciate it very much.
Tuesday, May 20, 2008
Chinese Earthquake Relief Effort
The Sichuan earthquake turns out to be a major disaster. From the first minute I heard it from a friend in Shanghai, to the moment where my two best friends' families suffered in the region, the information flowed around and I felt worse and worse. Over 30,000 people died and most of them are kids who were studying in the school. I remember seeing a photo with the bodies of students lying underground in the ruined classroom, with pencils or textbook still in the hand. I was wordless. They are supposed to be having a bright life, but suddenly an earthquake took all their lives. Why they are under protected, and why they can't get out of the classroom immediately?
This may not be the time to argue for the cause of those death, since people are busy saving lives. However, I still want to say we need an effective national emergency system, especially in areas with frequent disasters. Stanford just tested its emergency system, while it can reach everyone via mobile phone or fixed phone immediately and automatically. China needs this too. We have to make sure we are able to notify everyone in case something happens. Even if sometimes the notification is not accurate, it is still necessary to notify because life is the most important thing.
P.S. We are organizing a charity sale in Stanford now. Today is the first day, and we have already raised over 5000 US dollars. We will continue to raise money tomorrow.
Some reader asked me the websites on donation. There is only a few in English, such as Jet Li's One Foundation. I kinda of curious why Red Cross China doesn't even have an English website.
This may not be the time to argue for the cause of those death, since people are busy saving lives. However, I still want to say we need an effective national emergency system, especially in areas with frequent disasters. Stanford just tested its emergency system, while it can reach everyone via mobile phone or fixed phone immediately and automatically. China needs this too. We have to make sure we are able to notify everyone in case something happens. Even if sometimes the notification is not accurate, it is still necessary to notify because life is the most important thing.
P.S. We are organizing a charity sale in Stanford now. Today is the first day, and we have already raised over 5000 US dollars. We will continue to raise money tomorrow.
Some reader asked me the websites on donation. There is only a few in English, such as Jet Li's One Foundation. I kinda of curious why Red Cross China doesn't even have an English website.
Sunday, May 11, 2008
P. F. Chang's
I still remember the first time I saw P. F. Chang's was in Austin, TX. A few friends and I were on the way to a Mexican restaurant. I suddenly saw this Chinese restaurant near by, and felt home. However, I didn't try it at last, and neither did I try it after I came to California until this Friday. I came into this restaurant with this mixed feeling. It is not a traditional Chinese restaurant, at least from the foreign waiter/waitress and pretty plates; but its renovation is very Chinese, with ancient paint and red color all over the wall. It turned out the restaurant is indeed a mix. The food is indeed a totally disaster, totally messed up the traditional Chinese cooking style. Too much soy sauce and sault; but the service is great, fast, efficient, and pretty plates which I do like. It is indeed American-decorated Chinese. Amazing to see it is packed with people for at least over two hours during lunch. Plus, it has a nice-designed website.
It kinda of reminded me of Chinese news in American media. On one hand, we see very Chinese-culture oriented reports, but on the other hand, the content and spirit is totally distorted. A lot of foreign reporters were trained thirty or forty year ago, and still hold this strong opinion towards Chinese. Pitifully, a lot of nice young American have been reading those since they were little, and bearing this wrong image afterwards, just like they will take P.F. Chang's as the native Chinese cuisine. In one of my non-market strategy class, the professor asked us to describe China in one word. The most shocked word I heard is "communism" from a young and charming female classmate. I got stucked and didn't know what to say.
Today I watched two war movies, We Were Soldiers Once..and Young, and Saving Private Ryan. Beyond the brutal scene, the only thing I saw is miscommunication, between American and Vietnamese, and American and Germany. Now Chinese will face the same situation, from the image people get from the cheap manufacturing labor to the angry shouting group in front of French Supermarket Carrefour. Media, especially English media, has an important role in describing all this. I sincerely hope they could end up with the original Chinese cuisine at last.
It kinda of reminded me of Chinese news in American media. On one hand, we see very Chinese-culture oriented reports, but on the other hand, the content and spirit is totally distorted. A lot of foreign reporters were trained thirty or forty year ago, and still hold this strong opinion towards Chinese. Pitifully, a lot of nice young American have been reading those since they were little, and bearing this wrong image afterwards, just like they will take P.F. Chang's as the native Chinese cuisine. In one of my non-market strategy class, the professor asked us to describe China in one word. The most shocked word I heard is "communism" from a young and charming female classmate. I got stucked and didn't know what to say.
Today I watched two war movies, We Were Soldiers Once..and Young, and Saving Private Ryan. Beyond the brutal scene, the only thing I saw is miscommunication, between American and Vietnamese, and American and Germany. Now Chinese will face the same situation, from the image people get from the cheap manufacturing labor to the angry shouting group in front of French Supermarket Carrefour. Media, especially English media, has an important role in describing all this. I sincerely hope they could end up with the original Chinese cuisine at last.
Sunday, May 04, 2008
Chinese entrepreneurs in the 90s
Chinese entrepreneurs in the last decade is the generation bearing too much debate. They were smart, that's for sure, taking advantage of the changing policy to generate wealth. A lot of them became billionaire in a short period of time, while they attracted a lot of attention from the society and regulator as well.
Wei Dong, an entrepreneur, founder and chairman of Yongjin Group, committed suicide after reported investigation of the government regulator. The Reuters report doesn't mention his suicide note, which was publicized by Sina. He said in the note that he was struggling in mental distressed disease. He hoped his death will release everyone, including the beloved family members, from the burden.
He is not the only one in the 90s entrepreneurs group who suffered from mental distress generated by outside pressure. People talked about the "original evil", the "illegal" actions or strategies took by them in the 90s when the society was in chaos. And now the question is if they are going to be punished by that.
I don't have the right answer, but I do believe suicide, or getting rid from the reality, is not going to solve problems. There must be a solution, and those entrepreneurs need to find it before moving on.
Wei Dong, an entrepreneur, founder and chairman of Yongjin Group, committed suicide after reported investigation of the government regulator. The Reuters report doesn't mention his suicide note, which was publicized by Sina. He said in the note that he was struggling in mental distressed disease. He hoped his death will release everyone, including the beloved family members, from the burden.
He is not the only one in the 90s entrepreneurs group who suffered from mental distress generated by outside pressure. People talked about the "original evil", the "illegal" actions or strategies took by them in the 90s when the society was in chaos. And now the question is if they are going to be punished by that.
I don't have the right answer, but I do believe suicide, or getting rid from the reality, is not going to solve problems. There must be a solution, and those entrepreneurs need to find it before moving on.
Friday, May 02, 2008
Top 10 wireless start-up rated in Dow Jones wireless conference
it seems mobile space is much more diversified than Internet(which has a big focus in social networking now). These 10 start-up ranges from network, camera to shopping and ringtone. To me, that's a good sign for entrepreneurs.
1. Aerohive Networks Inc., Santa Clara, Calif., a developer of enterprise wireless networking technology. The company raised
2. Digby,
3. Knowtate Inc.,
4. Mojix Inc.,
5. Myxer (MVisible Technologies Inc.), Deerfield Beach, Fla., a provider of mobile technology, products, services and programs to manage and deliver digital media to mobile devices. The company has raised
6. Ontela Inc.,
7. Planet9 Studios Inc.,
8. Pudding Media Inc.,
9. Rocketbux, Bend, Ore., a developer of technology to deliver location and time relevant offers to mobile phones via the point-of-sale network. The company plans to raise a
10. TrafficCast International Inc.,
Subscribe to:
Posts (Atom)
