Archives for February2015

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Brian Wong, Alibaba Vice President, Office of the Chairman – Gives Special Fireside Chat

February 23rd, 2015

California Center Vice President, Gordon Hinkle with BRIAN WONG, Alibaba Vice President, Office of the Chairman

1990 Institute Special Event – Globalizing China’s Largest Internet Company (San Francisco, Monday, February 23rd, 2015)

Gordon Hinkle(right), VP of California Center with Brian Wong,  Alibaba Vice President

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Alibaba, often dubbed the Amazon and eBay of China, is one of the world’s largest e-commerce companies and is best known for completing the world’s biggest initial public offering, having raised $25 billion in 2014.

During a special fireside chat with Alibaba Vice President Brian Wong – a 1990 Institute board member who works with Jack Ma in the Office of the Chairman, shared his firsthand experiences inside Alibaba and its early globalization efforts – with the lens of being one of the early Americans in the company.

A Palo Alto, California native who moved to Hangzhou in 1999 during the early dot-com days, Brian spent nearly decade at Alibaba, helping it grow from a small apartment startup to a behemoth with billions in revenues. He has held a myriad of Alibaba roles, from Chief Web Producer to head of International Marketing, Senior Director of Strategic Business Development, VP of Global Sales, and VP of Supplier Development. During that time, he established and managed numerous teams and business groups within China and beyond China’s borders — from India and the United States, to Southeast Asia, Europe and the Middle East.

“It was a very informative evening hearing from one of Alibaba’s pioneer executives.  Brian’s personal story of perseverance and determination was inspiring,” said Gordon Hinkle, Vice President of the California Center.

During the event, Brian shared several anecdotes and discussed:
• The hard lessons learned with Alibaba’s early global expansion efforts
• The journey of a Chinese company going public in the U.S.
• Shaping Alibaba’s unique company culture with talent recruited outside of China
• The challenges of working, living and assimilating in China as a foreigner
• Opportunities for young American professionals heading to mainland China

Weekly US-China News-Issue: February 24th, 2015

Markets

Currency’s Weakness Troubles China’s Policy Makers – The New York Times

China Tightens Tax Rules for Foreign Groups – FianceAsia

China Buys More Gold Than The World Produces -Forbes

Will China Overtake The U.S. In Electric-Car Sales This Year? – Green Car Reports

Tesla Overestimates The China Market – Forbes

Opportunities and Challenges in China’s Electric Vehicle Market – China Business Review

The world’s new tastemaker: China – USA Today

Banking

Postal Savings Bank of China chases pre-IPO investors – Financial Times

Smaller Chinese banks attract yield hunters – South China Morning Post

Ecommerce

Tiger’s $100 billion hedge funds buy China Internet with JD.com – Bloomberg

Qunar Eclipses Ctrip as Revenue Growth Surges: China Overnight – Bloomberg

Education

Western manners: The latest Chinese status symbol – BBC

Agriculture

China’s National Food Safety Standard on Nut and Seed Food – USDA

U.S. Craft Beer Has a Great Potential in the China Market – USDA

U.S. Frozen Cranberries Now Have an Easier Road to China -USDA

Real Estate

This Is How Chinese Real Estate Is Going Digital – Mckinsey&Company

Chinese Buyers Home In On More U.S. Real Estate

Culture

How to get ahead in China’s dating scene – CNN

 

California Center Joins Business Forward and SBA for a White House Business Council Briefing With Administrator Maria Contreras-Sweet

February 17, 2015

Sacramento, CA – California Center was invited to join Business Forward and the U.S. Small Business Administration for a White House Business Council briefing with Administrator Maria Contreras-Sweet. During the event, Ms. Contreras-Sweet discussed with all the participants how international trade policies affect local businesses and the economy as whole.

 

California Center Joins Maria Contreras-Sweet

SBA Administrator Maria Contreras-Sweet (In Red)

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Gordon Hinkle (middle),VP of California Center

 

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February 10th – February 16th, 2015

 

China nears complete end to all residency restrictions – MarketWatch

News Analysis: China set to bolster service trade – Xinhua News

China’s Foreign Direct Investment grows fastest in 4 years – Shanghai Daily

China’s urban sprawl raises key question: can it feed its people? – The Guardian 

China’s rich to get even richer this year – CNBC

Market

Great Wall Stall Frustrates Apple Pay in China – Caixin

China has a new taxi app monopolist – and it isn’t Uber  – Fortune 

E-commerce

Jack Ma Says Alibaba At ‘Most Critical Moment’ As China Starts New Investigation – Forbes

Unlocking E-Commerce Payments into and out of China – PaymentWeek

iResearch Forecasts The Trend of Online Shopping Market – iResearch

China Online Shopping Market Reaches Over 10% Penetration – iResearch

China E-commerce Market Rises 21.3% in 2014 -iResearch

Banking

Sneak peek on China bank earnings offers worrying credit cost picture – South China Morning Post

China Inc’s bank-free shopping spree – Financial Times

Watch out: Yuan plunge is possible, warn analysts – MarketWatch

China Firms Replace Banks to Drive Hong Kong Rents: Real Estate – Bloomberg

Tencent-Backed WeBank Begins Trial Operation – The Wall Street Journal

Real Estate

Chinese Real-Estate Firm Looks West—to California – The Wall Street Journal

CHINA’S ELITE BUY BAY AREA PROPERTIES AT RECORD RATE – ABC7NEWS.COM

Real-Estate Firms Tap Chinese Brokers – The Wall Street Journal   –   New York City Is a Favored Spot for Investors From China

The Lure of the Gold Coast – New York Times –  Wealthy Chinese Buyers Head to New York’s Suburbs

Education

US Colleges Seek Economic Diversity in Students From China – New York Times

Cornell, Chinese university create family biz program – ithacajournal

From Wealth to Health: Rich Chinese Seek Spiritual Fulfillment-The Wall Street Journal   –  Executives Spurn M.B.A.s for Philosophy Classes, Shopping Excursions for Buddhist Meditations

Agriculture

Food Labeling for Companies Manufacturing or Distributing Food in China – Food Safety Magazine 

Chinese customs rejected hundreds of ‘substandard’ imported wines in 2014 – Decanter China

AmCham China Members Seek Greater Cooperation with China on Agriculture – China Money Network

US farm firms urge easing of barriers to investment – Ecns.cn

USA signs agreement with China to export apples – Far Eastern Agriculture

Orange crops have taken a bruising recently in US, China – ChinaDaily

Growing U.S. hog herd, flat Chinese demand slams pork prices – Reuters 

 

February 3rd – February 9th, 2015

 

 

Qualcomm nears $1 billion deal resolving China antitrust dispute – Reuters 

‘Made in China’ Is Increasingly Becoming ‘Made in USA’ -NBC News

China’s online users more than double entire U.S. population – CNN

China’s imports slump, capping dismal January trade performance – Reuters

Economist React: China January Trade Data the Bad Kind of Surprise – The Wall Street Journal

Alibaba places China smartphone business bet with $590 million Meizu deal – Reuters

Not in Holiday Spirit: Alibaba and Tencent Spar over Virtual Hongbao – Caixin News

I’m Not Afraid of Lawsuit over Fake Goods, Ma Says – Caixin News

E-commerce Fresh Food a Growing Trend in China – Want China Times

Insurance in China : The Big Anbang – The Economist

New Data Shows Apple’s Explosive Growth in China – The New York Times

Cruise operators set sail for China – Channel News

Opportunities and Challenges in China’s Electric Vehicle Market – China Business Review

Chinese couples shun Year of the Sheep babies – CNN

 

 

January 27th – February 2nd, 2015

 

US wants fair trade with China: top official – China Daily

U.S., China open doors to apple trade – CapitalPress

China factory sector jolts by shrinking in January – Reuters 

China’s Antigraft Drive Turns to Financial Sector – The Wall Street Journal

China to speed up agri modernization through reforms, innovations – Xinhua

ALIBABA LOOKS TO USE ALIPAY TO GROW US-TO-CHINA TRADE -PYMNTS.COM

Alibaba’s Hollow Victory Over China – BloombergView

What Happens When A Chinese Tycoon Stands Up Against The Government? – Forbes

China eyes food safety, modern farms in 2015 rural policy – Reuters 

China Contracts: How They Should Be Signed – Above the Law

 Infographic:Chinese IPOs in the US in 2014 – China Daily

Top 10 Chinese brands of 2015 – China Daily