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Global Youth’s Game of Chinese Conscious Capitalism

China Business Heritage enjoys 4 types of Conscious Entrepreneurs

As recently as 1978 it was not possible to start up a non-state owned corporation lout of China. Today corporations are the majority of the economy. Many founders are not just financial success stories but are passionate about developing China and all its people.

We call type 4 Imagination Company. Often the newest crop of a serial entrepreneur -some have grown from nothing to billions of dollars in the 2010s. Eg 4.1 Xaomi by Lei Jun 4.2 Qihoo 360 or 4.3 DHgate as well as fast growing service markets such as 4.4 Qtrip in online travel All have started up from the late 2000s – when it was clear that ecommerce was scaling unstoppably. In fact we argue that China is destined to be the first nation that does more e-trade than physical trade. The sector ventures of Jack Ma (ed education, philanthropic partnering in youth sustainability) which some call 4.0 Ali Baba University are worth celebrating as leading the bridge between imagination companies and the founding internet-creation companies

 

China recognises 3 major type 3 internet-creation companies – 3.1 Ali Baba of Jack Ma-  leader of China Ecommerce (which includes online retail platforms like Tao bao and The Mall, financial services like alipay and Ant financial; 3.2 Baidu of Robin Li - leader of search space;  3.3 Tencent of Pony Ma -personal communications , They started translating the potential of the worldwide web from 1995 though their scaling and approval by government and the peoples only became the pre-dominant driver of Chinese business success from 2002. These companies are also geographically distributed up the major east coast cities – Baidu in Beijing; Ali Baba- Hangzhou near Shanghai, and Tencent in the Southern City of Shenzhen. Zoning policy has historically distributed sector leadership geographically and to some extent that can be seen in the partnership clusters around the type 3 companies and leaders.

 

Type 1 and 2 corporations existed prior to the web corporations. There are some differences between “wave tow” companies that were approved on in 1992 and others that had started up earlier.

 

Many of the pre-1992 companies had their origins in expatriate chinese investments – eg the technology companies 1.1 lenovo (computers) and  1.2 Huanwei ( wifi and networking infrastructure). Others like the charming Hengan of Xu Lianjic emerged from early business legislation supporting rural entrepreneurs and Xu’s desire to improve the lot of chinese women by being China’s first world class manufacturer of such products as sanitary towels and diapers.

 

1992 corresponded to a time when government released several resources it used to monopolise. For example , amy of the type 2 companies are [property developers but sometimes quite passionate ones eg 2.1 Feng Lun –in 1989 his teaching poist atr the Marxism institute of the communists central party was closed down. He moved to Hainan the southernmost province traditionally a place for disgraced officials to be sent to exile. He found himself on a subtropical island in the middle of a spectacular property boom. Hainan’ GDP growth rate reached 42% in year of 1992 where Feng started his company Vantone Holdings. Feng got out before the property bubble burst and returned to Beijing. Today his overseas operations including leasing 6 floors of New York’s rebuilt World Trade Center for Chinese companies looking to invest in USA.

3                        China’s big three web innovating companies

         3.1

Ali Baba by Jack Ma

Hangzhou/Shanghai

Ecommerce efinance

         3.2

Baidu by Robin Li

Baidu looks to Europeacquistions 

Beijing

e-Search plus  2 -with google babbned in china, baidu has quite a lot of business space as china's main serach engine- interesting is its headhunting of chinese-american co-foudder NG of coursera mooc for baidu US HQ in Mountuan View

          3.3

Tencent by Pony Ma

Shenzhen

Personal commmunications - we chat is the world's favorite Pcom app- intriguingly government demands private media owners play truly social part - tencent started a 3 day camapign to collect up to 20 mn dollars for charity as part of z20 week -more on tecent's charity drivers

4 C    China’s Imagination Companies

   

4.0

AliBabaUni by Jack Ma

Hangzhou/Shanghai

Education, sustainability global youth jobs and social enterprise partnerships

   

4.1

Xioami 0 by Lei Jun 1 -if there is a new way to become number 1 smarthones watch out for Xaomi : MI-Pay  1Mi Box

Beijing

Turned chinas smartphone sector on its head

   

4.2

Qihoo360 by Zhong Hingyi

Beijing

Qihoo started in e-security 05 but grew hugely as it transitioned to mobiles where its 360 mobile assistant took on the mobile app market

   

4.3

DHGate by Diane Wang

Beijing

New ecommerce market after Wang’s prior project leadership at Microsoft, cisco and Xiaomi4.4

   

4.4

QTRIP

 

Online travel

   

4.5

Noah Wealth by Ms Wang Jingho

 

Managers walth for 50000 of china’s richest people- starting in 2005 she transformed this sector by being best place to linked in venture investment type 3 or 4 companies

   

     4.6

     mtone by victor wang Mobile internet services

    chen2013; do you know that over last 3 decades? - entrepreneurs and their businesses have increased share of output from nothing to twobthirds of GDP and 9 out of 10 jobs? For country's development to continue: governance transformation needed to include rule of law and civil society with multiple voices and points of view- gov will need to be guided by thintanks, social entrepreneurs and mature ngos both national and international. Many members of CHEN are like Wang: with love of country and respect for its government but but belief that big business leaders have a duty to combine wealth and influence they have aquired with a sense of responsibility for wellbeing of society.

 m

2          China’s Wave of 1992 Companies

   

2.1

Vantone by Feng Lun

Beijing originally Hainan

Extraordinary real estate

   

2,2

Talking Life Insurance by Chen Dongsheng

Beijing key driving force of China Entrepreneur Forum

Life Insurance

   

 

 

 

 

   

 

 

 

 

1 China’s first companies

   

1.0

Broad by Zhang Yue

Changsha

Started small but international non-electric airconditioning business – now leader in buildings for sustainable cities

   

1.1

Lenovo by Yang Yuanqing from 84 Liu Chuanzhi

 

Beijing

Number 1 in personal computers

   

1.2

Huawei by Ren Zhengfei

Shenzhen

World leading mobile & fixed line telecoms equipment

   

1.3

Hangan by Xu Lianjic

Jinjiang

Womens and babies hygiene products

 
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    coopetition how china outplayed Uber ---Didi Chuxing (Chinese滴滴出行pinyinDīdī Chūxíngpronounced [tɨ́tɨ́ ʈʂʰúɕɪ̌ŋ]), formerly Didi Kuaidi (Chinese滴滴快的), is a Chinesetransportation network company headquartered in Beijing.[1] It provides vehicles and taxis for hire in China via smartphone applications. Formed from the merger of rival firms Didi Dache and Kuaidi Dache (backed by the two largest Chinese Internet companies, Tencent and Alibabarespectively),

     
     
    and is blockchain more than a revolution in financial ledgers
     

    CNBC writes:

    Actress Angelababy attends the press conference of Meitu smartphone on June 13, 2016 in Xiamen, Fujian Province of China.

    Meitu, the maker of a Chinese selfie app, plans to raise as much as $1 billion in an initial public offering (IPO) on the Hong Kong stock exchange, the Wall Street Journal reported on Sunday, citing people familiar with the situation.

    Meitu anticipated that the relative lack of tech listings in Hong Kong would make its IPO, expected in the fourth quarter, more attractive, the people said, according to the report.

    The company was valued at around $3.8 billion in a private fund raising round this year and was seeking an around $5 billion valuation from its IPO, the people said, according to the report.

    You can read the full WSJ article here.

    Is Huffington's Thrive Global part of the future revolution in education

    Enter supporting content here

     

    Alibaba founder Jack Ma unveils ambitious plan

    Mission: 100 million new jobs

    By Dana McCauley


    He already runs the world's biggest online shopping company, but Alibaba founder Jack Ma is not satisfied.

    The Chinese billionaire has unveiled an even more ambitious plan to expand the company's reach across the globe, creating 100 million new jobs and transforming the global economy to create a more equitable world.

    It may sound pie-in-the-sky, but the goal forms part of mission statement of the US$261 billion company's visionary executive chairman.

    In a letter to shareholders, Ma outlined Alibaba's achievements of the past financial year - including a gross merchandise turnover of more than $195 billion (1 trillion RMB), an "unprecedented" figure - before looking to the future.

    "We have more than 430 million annual active buyers, which means one out of every three individuals in China has made a purchase on our retail marketplaces," Ma wrote.

    But, he said, while proud of Alibaba's online shopping achievements, "we want to do far more", saying that the benefits of globalisation had not been spread evenly, but that "digital disruption will bring us closer to a level playing field for young people and small businesses".

    "We are not merely trying to shift buy/sell transactions from offline to online, nor are we changing conventional digital marketing models to squeeze out a little additional profit," he wrote.

    "We are working to create the fundamental digital and physical infrastructure for the future of commerce, which includes marketplaces, payments, logistics, cloud computing, big data and a host of other fields."

    The Alibaba group of companies, founded in 1999, accounts for 60 per cent of all Chinese online sales, and this year overtook Walmart as the world's largest retailer.

     

    It has made Ma the second richest man in Asia, with a net worth of US$28.5 billion.

    THE NEW 'NATURAL RESOURCE'

    It's through cloud computing that Alibaba aims to expand its reach, and the company has been investing in the technology as part of a strategy that sees shoppers' data as the contemporary equivalent of mineral riches.

    "Over the next 30 years, with computing power as the new 'technology breakthrough' and data as the new 'natural resource,' the landscape of retail, financial services, manufacturing and entertainment will be transformed," Ma wrote, forecasting a decades-long period of transformation.

    "The internet revolution is a historical inflection point, much like when electricity was introduced, and it may have an even greater impact," he predicted.

    Alibaba's mission, he said, was to "empower merchants with the ability to transform and upgrade their businesses for the future" and "help companies all over the world to grow".

    "We believe, the commerce infrastructure we have created in China - marketplaces, payments, logistics, cloud computing and big data, all working in concert - can be applied on a global scale to lift up small and medium businesses and ordinary consumers around the world."

    Eight years after launching, Alibaba Cloud hosts 35 per cent of Chinese websites, while delivering cloud computing and big data services.

    '100 MILLION NEW JOBS'

    Ma said Alibaba was constantly adapting to the changing e-commerce environment, as staying at the forefront of innovation was key to its continued success.

    "In the coming years, we anticipate the birth of a re-imagined retail industry driven by the integration of online, offline, logistics and data across a single value chain," he said.

    "With e-commerce itself rapidly becoming a "traditional business," pure e-commerce players will soon face tremendous challenges."

    A shift to mobile revenue was one such change, he said, with mobile climbing from a single-digit percentage to three-years of total revenue from Alibaba's Chinese retail marketplaces, in the space of two years.

    "This is why we are adapting, and it's why we strive to play a major role in the advancement of this new economic environment," Ma said.

    Innovations like Alibaba's Qianniu app, which helps online businesses to improve sales and marketing while enhancing efficiency, were an example of the type of projects the company aimed to focus on.

    "In 20 years, we hope to serve two billion consumers around the world, empower 10 million profitable businesses and create 100 million jobs," Ma said, adding: "This will be an even more difficult journey than the one behind us."

    news.com.au

     
     
    LISTEN : Newstalk ZB Political Editor Barry Soper speaks to Andrew Dickens on KPMG Early Edition

    Mr Ma - who's worth around $50 billion - met with John Key in Beijing late yesterday. He made his money through founding the online commerce platform Ali Baba.

    Standing alongside the Prime Minister, he heaped praise on the country, which he says is loved by many Chinese.

    "At least 20 of my colleagues retired from Ali Baba. They're all very young, in their 40s, they all go to New Zealand."

    "I asked what they do apart from the golf and green things and they say it's the people there."

    It wasn't all social, with the Chinese billionaire also talking business.

    Jack Ma told the entrepreneurs luncheon Kiwi businesspeople find it difficult to access the Chinese market.

    Mr Ma said he wants to make that easier with his multi-platform organisation.

    "We have Ali Baba University. We would either have courses in New Zealand or invite the entrepreneurs in New Zealand to stay in China for two weeks for training."

    "The second is that we're going to open an Ali Baba business embassy next year in New Zealand."

    John Key is in China meeting business and political leaders.

     

     


    Innovation "Made in China" - The Case of Alibaba and the role of Net-based Small Business

    Innovation is a key driver for economic development and social progress and small business is one of the best ways for people to express their willingness and capability to innovate.  Pervasive business ownership has, therefore, been the foundation in many societies for the continued improvement of people’s economic wellbeing. In the People’ Republic of China, however, private business ownership was prohibited between 1957 and 1978. Productive innovations were extremely restricted and as a consequence, China’s economy was on the verge of collapse by the end of 1978. The Chinese people had suffered a historic setback.

    Alibaba’s growth, driven by unleashing grassroots entrepreneurship, has become an exemplar of China’s innovation in the 21st century.  Started by 18 young people in 1999, Alibaba has grown into a giant global internet platform and has made many invaluable contributions to China’s progress. Highlighting the importance of pervasive small business ownership in unleashing grassroots innovation and improving economic wellbeing, Professor Lowrey will discuss Alibaba’s innovative strategies and explain the economic theory behind its inspiring success.

     

     

     

    Dr. Ying Lowrey is Professor of Economics at Tsinghua University and Deputy Director of the Tsinghua Research Center for Chinese Entrepreneurs, and a member of the Academic Committee for Alibaba Group Research Institute. Her teaching and research interests include economics of innovation and entrepreneurship in the internet and platform economy, the modern microfinance market, business demographics, characteristics of business owners, and the role of free enterprise and competition in the macroeconomy. 

    She received her economics Ph.D. from Duke University, economics MA from Yale University and mathematics BS from Wuhan University. Before joining Tsinghua University in 2012, she served as senior economist at the Office of Advocacy, U.S. Small Business Administration and has taught economics at George Washington University and San Diego State University.

     

    Selected publications 

     

     100millionjobcrisis

    100millionjobcrisis

    Founder of Ali Baba commits his work for Chinese on internet to generate 100 million microentrepren…chris macraeNov 23, 200950 views

    Founder of Ali Baba commits his work for Chinese on internet to generate 100 million microentrepreneur jobs in 2010s - who else would you vote at the centre of 100 million job creation leagues?
    =====================update sumer 2016:
    unlike oiher years spent with bangaldeshi inspired youth, i spent 2015-2016 mainly with a class of chinese female students - what brilliant minds and tirelss sources of human energy - i hope this summary of why the whole world can celebrate what jack ma is doing is near to the mark - but as always look forward to editing any errors which are mine alone
    chris.macrae@yahoo.co.uk washington dc text 240 316 8157
    ======================
    was english language tutoring

    In 1995 he was sent to the usa on an exchange mission and encountered the worldwideweb - then unknown in China. He determined the www would be the biggest job creating innovation of his (or his generations) life and hopefully of every Chinese entrepreneur he could valuably link into.

    Over the next 15 years his wizard coding teams went from something that was little more than an electronic yellow pages for small businesses to conceiving sustainability generation's 2 greatest retailing platforms china or the world may ever have seen..

    the taobao platform is the most valuable job creating concept retailers have ever mediated because it reverses the western trend of globalisiation of retailers, bankers and big corporations squeezing out local and small enterprises from having a market; how taobao did that is an extraordinarily detailed story but note how Ma was concerned to ensure even the most cut-off of Chinese villagers could start up on tao bao (rural ecommerce is one of the innovations that Ma has led the www purpose to linkin)

    His other mall was pitched at the more usual high cost fashions of big global merchandisers. Because of complex property laws in chinese cities, most expensive retailers are not much of a joy to shop in. So ali baba created a lifestyle -eg celebrate singles day 11/11 shopping virtually rather than the physically exhausting interaction in The West's biggest shopping days of the year)

    SO 365/24/7 consumers of ali baba can choose who they value developing most with their purchasing power as well as searching merchandise with global image or local cultural joy

    Alibaba has become china's and probably the word's largest retailing channel. It does this with next to no merchandise but brilliant coding so that every store front on its platforms delivers with equal reliability. Hunting out exactly how Ma forms partnerships so that big data analysis benefits the smallest enterprises and most local consumers ought to be a job of whomever is sustainability goals greatest economist.

    Intriguingly to ensure he could compete with the chinese internet companies that raced to co-create the www that Ma had opened space for in china, Ma IPO'd Alibaba through a process 2010-2015 while developing his secret sustainability weapon under private ownership. AlIpay is china's number 1 financial inclusion delivery system and maybe global youth most humanly productive coding achievement to date.

    Comparing china's top 10 internet properties with the west's is very interesting. Are the consuming behaviours on ali baba more sustainable than those on amazon or ebay or paypal? Are the learnng behaviours on baidu more sustaining of youth than on google or coursera or microsoft's linkedin. Time will tell but note how speaking english, chinese and coding (as well as mother tongue) are probably what educators anywhere on planet earth should NOW be most valuing their global youth's future freedom to thrive entrepreneurially around.

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