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How Alibaba Pictures is Disrupting Chinese Entertainment

Two years into Alibaba’s push into entertainment, its movie arm, Alibaba Pictures, has a growing pipeline of produced and acquired content. It is regularly doing domestic and Hollywood deals in film production, financing and distribution. And it is making unconventional moves in cinema software, online videos, ticketing apps and film crowdfunding. Putting it together, the […]

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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 […]

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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 […]

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My 5 Predictions for Chinese Consumers in 2017 – And the Results So Far

In the past 2 years, Chinese consumers have arrived as a global economic force. And this is really just the beginning. We are going to see an increasing impact by these consumers on business going-forward. At the start of 2017, I made 5 predictions for Chinese consumers. We are about halfway, so here is how it is […]

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How Tsingtao, CR Snow and the Other Beer SOEs Won Big in China (Pt 1 of 2)

The Chinese beer market looks similar to beer markets in the rest of the world – a series of regional markets mostly dominated by a few giant beer companies. But take a look at the below chart. You’ll note that China has one big difference with the rest of the world: The dominating beer giants […]