By China Briefing 

Chris Devonshire-Ellis, Senior Partner of Dezan Shira & Associates, speaking at the Asia Business Forum Annual China M&A Conference in Singapore today said that he felt the Chinese economy would withstand any U.S. recession and that M&A (mergers and acquisitions) activity would continue in the PRC.

His comments, made to a group of prominent academics and lawyers, including the corporate finance heads of Deloitte Touche and KPMG, stated that while U.S. imports had declined by over 10 percent in the past four months signaling a downtown in the U.S. economy, Chinese exports had risen by over 21 percent for the same period, proving, he said, that China had sustainable export markets elsewhere that would keep it immune from any U.S. recession. Read the rest of “China M&A activity unlikely to slow down, economy appears immune from U.S. recession” or post a comment

MICROSOFT IN CHINA 

By Ernie Tadla

It took Bill Gates twelve years and billions of missed revenue, profit and market share opportunities to learn how to do business in China … the Chinese Way.

Microsoft came to China in 1992. Eleven years later, with global revenues of $35 billion US, in China the second largest PC market in the world, Microsoft-China revenue was $300 million, and it was operating at a loss.

Source: Newsweek, Asia edition. June 21/04

Several quotes from the article:
• “….. struggling to turn a profit, the brash American software giant is no longer trying to change China. Instead, China is changing the company.”

• “Microsoft started to heed the critics and to embrace China more fully. It is now broadly co-operating, even flying Chinese engineers to Redmond for training.”

• “CEO Steve Ballmer has credited his ‘very well-connected’ China CEO (pirated from Nortel) with Read the rest of “Microsoft and Wal-Mart in China” or post a comment

Foreign companies share a growing interest in tapping into China’s luxury market. Statistics show not only that the number of wealthy people is growing fast in China, but that their willingness to spend on big-ticket items is also on the rise, driven by an appetite for status as well as the comforts and trappings of luxury products.

Read the rest of “Luxury Brands in China” or post a comment >>

By Ernie Tadla

The Bora launch was the most successful new car launch in China’s automotive history. FAW/VW couldn’t make them fast enough.

The Germans, still hurting over not getting their advertising agency, were really smarting because DMG was not following their global policy for advertising and marketing style and format. Yet, sales were phenomenal. VW hired a world-class market research Hong Kong firm to investigate the reason for the amazing launch results.

The conclusion: although DMG didn’t follow the global VW policy, the market place responded because the Chinese react to someone who markets to them the Chinese way. Read the rest of “An outstanding successful executive in North America, not in China” or post a comment

This is the story of an entrepreneur building a profitable business by beating all the global big guys.
 
Dan Mintz was born and raised in Brooklyn, and was the youngest person to be accepted into the New York Academy of Performing Arts. He started in the movie business as a student extra in the movie Fame. He went to Los Angeles where he furthered his education and experience in film production and created good connections with some of the major movie studios.

Read the rest of “A China Success Story: Dan Mintz and DMG” or post a comment >>