3 Ways Young Chinese Consumers (i.e. Millennials) Are Really Different

There are approximately 200M Chinese between 15 and 24 years of age. These are the millennials everyone is talking about. They are about 15% of the population and they are changing pretty much everything in consumer China. Probably the defining aspect of this group is that they have, by and large, been raised in abundance. […]

How Hype and Greed Are Ruining Chinese Bike-Sharing (i.e., Mobike and Ofo)

During the 2007 financial crisis, former Citigroup CEO Charles Prince famously said: “When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance.” Looking at the bike-sharing business in China today, you see a lot of such dancing. You […]

I Took 20 Chinese Students to Meet Warren Buffett. Here’s What Happened (Pt. 4 of 4)

In February 2017, I chaperoned 20 business students from Peking University to meet Warren Buffett in Omaha. It turned out to be a once-in-a-lifetime trip, an investment pilgrimage of sorts. In 4 articles, I document what happened and what we learned. I have included a lot of detail, especially on the Berkshire companies we visited […]

My Visit to Oriental DreamWorks – And Why Animation and Creativity is Booming in China

Of the 19 million students in Chinese universities in 2009, over 1 million were studying art and design. Think about that number for a moment. One million students studying painting, design and other creative arts. That is larger than the student populations studying chemistry, law, or economics. Fast forward to today, these students have entered the workforce and […]

1 Chart Shows How Chinese Consumers Are Still Saving Like Crazy

Below is a chart based on Credit Suisse data (re-created and adapted). It compares Chinese consumer spending to other emerging market consumer spending (India, Brazil, etc.). The big difference that jumps out is the savings rate in China. The high rate of Chinese savings is understandable. It’s cultural. They are precautionary savings. No social safety […]