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The Very Symbolic Collision of Sotheby’s-Christie’s and Poly-Guardian in China Art (Pt 2 of 2)

*The following is an excerpt from our One Hour China Consumer Book (which is available here.). In Part 1, I told about how Christie’s and Sotheby’s have been involved in Chinese art for decades – and have recently entered China directly. This puts them in basically the wild west of the art world. Part 1 […]

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The Adventures of Sotheby’s and Christie’s in the Wild West of Chinese Art (Pt 1 of 2)

*The following is an excerpt from our One Hour China Consumer Book (which is available here.). “In September 2013, premier art auction house Christie’s held its first-ever auction in China. They have had a representative office in Shanghai since 1994. And they have been running auctions out of Hong Kong for decades. But this small […]

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My Favorite China Articles for August 2017

Hello from Peking University, It has been a summer full of news about Chinese bike-sharing. Mobike and Ofo are going global (UK, Italy, Japan) and their media coverage has been almost overwhelming. I have been looking at these and other Chinese “sharing economy” companies a lot. And I just did a visit to Mobike’s headquarters […]

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The Awesome But Mostly Unknown Story of Carlsberg Beer in China (Pt 2 of 2)

*The following is an excerpt from our One Hour China Consumer Book (which is available here.). Part 1 of this story is here. Sunny and Carlsberg Leave China Sunny Wong joined Carlsberg China as a sales manager in 1987, six years after Carlsberg had opened its first China brewery (in Hong Kong ). Carlsberg’s first […]

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The Awesome But Mostly Unknown Story of Carlsberg Beer in China (Pt 1 of 2)

*The following is an excerpt from our One Hour China Consumer Book (which is available here.). “This story starts in 1999 and it centers around a Hong Kong native and long-time Carlsberg employee named Sunny Wong. Sunny joined Carlsberg as a sales manager in Hong Kong in 1987. He rose through the ranks and eventually […]

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Will Mobike Merge With Ofo?

I think we are officially at the end of Phase I of China’s bike-sharing / bike-rental phenomenon. There are now a couple of clear leaders – Mobike and Ofo. The services are experiencing tons of daily usage by Chinese consumers, and growth is continuing rapidly. This is definitely not a fad. The economics of the […]

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At Home And Abroad, Chinese Companies Can Beat You Fair And Square

*The following is an excerpt from our new One Hour China Contrarian Book (which is available here.). “Jonathan Woetzel (McKinsey & Co, Peking University) and I have written three speed-read China books together. In this latest one, we have put together a collection of our essays that basically make four main contrarian points. These are: […]

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Starbucks Big Success in China Has Been Surprisingly Painless

Multinationals and entrepreneurs come to China dreaming of 1.3B consumers. But what they actually encounter is a sea of ruthless competitors and pervasive political challenges and complications. It’s a ferocious market and most fail. A rare few fight their way through, ultimately arriving bloodied at a certain level of success, or at least a viable […]

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The Awesome Story of Wang Shi and China Vanke (Part 2 of 2)

*The following is an excerpt from the One Hour China Book, for which a new 2017 version is available here. In Part 1, we laid out the early history of China Vanke founder Wang Shi. Following a string of successful deals in 1980’s boomtown Shenzhen, he made his first entry into real estate in 1988. […]