This week, Boston-based firm Bain Capital secured a $418 million investment to acquire a minority stake in GOME, China’s second largest electronics retailer. GOME has seen its fair share of global news coverage following the November 2008 arrest of its founder and ex-chairman, Huang Guangyu, over allegations of share-price manipulation linked to drug manufacturer Jintai [...]
In today’s uncertain economic climate, China has rapidly become a land of opportunity as more Westerners leave behind their home countries to chase after the potential for success in the East. China is now a formidable world leader in technology and manufacturing, luring both talent and innovation from all points on the globe. I linked [...]
I received an email this morning from a B-school student who, like me, has fallen in love with China. He expressed an interest in my professional background and wrote, “there is much to learn from you and your experience.” This type of correspondence is not unusual; I get about three emails a month from university [...]
So, you’re cruising down your favorite US highway in your brand new convertible at the cool rate of 80 MPH without a valid US drivers license. You roll down your window and begin crooning with a tune on the radio, only to be interrupted by the siren of a cop car, which is now tailgating [...]
Before I delve into addressing how Western business professionals and companies can avoid China’s “corruption trap” while maintaining face, consider the following reports that have surfaced over the past week: “An official in charge of rooting out police corruption in a north China city has been fired for arranging a police motorcade for his mother’s [...]
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