Posts tagged ‘chinese business’

October 20, 2010

Tal Education Group IPO

Founder of Tal Education Group

As i wrote about in previous post about Chinese tutoring companies IPO in US, Tal education group just announced the price of IPO on the New York stock exchange market. More news on google about Tal education group.

Again it proved that education and training in China have huge market and well regarded by oversea investors.

So the idea of teaching chinese young generation about apps development(coding and design) and entrepreneurship (including marketing, business english) and promote their pursuing a dream they have may not be a bad idea. And above training centre doesn’t exist in China because all training organization try to educate people with skill to work for others. China needs more well-trained entrepreneurs.

October 19, 2010

多家中国民间教育机构赴美国上市

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Totally 8 chinese private training companies are listed in US stock market. These companies offer different training other than official education to chinese students or professionals. Given the huge chinese market, there is always a niche market for such company to grow.

And how about teach students to develop app on smart devices? Will it be a good niche market?

Check the link for more details.

General information.  http://news.chinaventure.com.cn/2/20101019/44729.shtml

A latest training company which will be listed in New York stock exchange.  The founders are all born in 80s.  Come on, MBAs! You work hard to get into school like wharton, Harvard and finally get into wall street and helping these entrepreneurs to achieve their dream. So how about your dream, MBAs?

http://news.chinaventure.com.cn/47/20101013/44380.shtml

July 9, 2010

This is it

It was 4th,July, the independent day for America. It was also my birthday. No celebration and No party. It’s only a quiet evening. But magic happened and i received the greatest gift. I don’t know how it come or maybe it was dropped from chimney by Santa Claus on this special day.

So what’s the gift? It isn’t a subject but an idea, which solved my uncertainty and pointed the sound direction for my next 10 or 20 years life. And i know this is it, the right path to follow with my heart, body, mind and soul.

I’ve entrepreneurship in my spirit and I’ve made a few bold decisions which changed my life overall. That’s how i feel, a desire to change and meet the challenges.  From a straight A student with a lot academic potential to a successful sales manager working oversea in telecom field, I made the decision that surprised my peers.

And here comes to another bold decision: to create my own company after my MBA. But is MBA necessary for a person to become an entrepreneur? Yes and No. It all depends on your own plan. In my case, i need to leverage the resource oversea in North America, therefore MBA in particular school is a must for my plan to work.

So what’s my idea or business plan? Well, generally speaking, I’m going to try leverage the resource oversea to enter into Mobile Internet (in particular field) in chinese market. I’m writing my business plan to identify what resource i want, what kind of persons I’m looking for my business partners and what knowledge I need to learn. And it’s getting better and becoming more detailed.

Just keep following me on my blog and you will see more details and resources as I identify for my plan. Then you’ll get a clue.

June 6, 2010

China vs. the U.S.


This is a big topic and also a hottest topic. But I’m not going to discuss it like a politician nor an economist. I’m going to make a miniature comparison in a particular industry, telecom/IT related industry, which is the sector I’m working at and passionate about.

My idea about this topic was initiated with the discussion with my director.  He introduced me an article in internal magazine about working hard and making contributions to company. Then i came up with numerous thoughts and ideas about China vs. US. 

Q1: In china, the society embraces the idea of working hard and contributing to country and society. While in US, as i know and believe, the  society actively support individual success, to realize your own “american dream”.

Q2: However, in contrast to the idea of making contribution to society and others. in China, according to my own experience from primary school to university, I wasn’t taught a lesson or haven’t had a project with others to learn about team work. I was judged by my scores of exams which were always done by myself. Not any work was required cooperation.  To make it worse, as a single child in my family, my whole family treated me so well that i felt myself as a king. I admitted that i had great difficulties to adapt myself to the society/job environment and learn to work with others and to be a good team player.
While in US, according to my preparation of MBA and the application essays, the society emphasizes the importance of being a team player even though in parallel it encourage personal success and realization. 
What a paradox in both of these two countries.

Now Let’s take a look at the result.  A comparison of the NO.1 of Fortune 500 in china in the telecom/IT/Electronic sector and other well-known US high-tech companies.

The NO.1 in china is Huawei Technology. I’m very proud of it, a high-tech company, which developed from a start-up to a giant enterprise with over 95000 employees within 20 years.

Let’s compare its financial record with those of other US high-tech companies (2009)

                            Revenue  (billion)                    Net Profit                         Employees

Huawei                          21.3                                 2.68                                90000

Apple                            42.0                                  8.4                                 34300   

Microsoft                      58.4                                14.5                                 93000

Google                          23.6                                  6.5                                   20000  

Ebay                             8.7                                   2.3                                    15500          

Cisco                            36.1                                 6.1                                     63000       

The difference is efficiency. Why the US peers master the efficiency of making money and profit? Because each of above US companies created their own business model and creat a high barrier for competitors to enter.  Then why always US companies are able to lead the trend and creat innovative business model/product/capital model again and again? That’s the question i want to find out during my future MBA in US.

May 6, 2010

Economic crisis deepen?

Had some chit chat with colleagues during lunch and we had some arguments on the economic crisis. I feel optimistic while the other feel very pessimistic. They argued that in china the real estate and stock market will crash while RMB value will be decreased. The best way for us to do is to keep US dollar. They claimed US will be the ultimate winner in this crisis while Europe and emerging markets will hurt badly. I joked about why not all of us immigrate to US and be part of its free lunch. They answered “why not? if you have the way”.

Is the economic crisis so serious? Greece of course is under big trouble while Europe certainly cann’t get rid of it. Besides, the highest unemployment rate in Spain and Portugal can be the last straw to crash Europe economic. Now the investors are very afraid of Euro and the cash return back to US for US public debt. Will the same happen to China? I’ve lost almost 20% of my investment in stock market and it seems the downturn cann’t be recovered recently. Shall i sell all of my rest to keep the cash for safety? Shall i start to exchange to US dollar now since i’m planning to have my MBA in NA next year. My finacial situtation will be deteriorated seriouly if above happen.

Here is related article to read. I admire the author very much for his accurate analysis(in chinese).

Wen guoqing

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