Tweet Inspired by Fred Wilson, who uses its AVC Blog as a diary, sand box, and therapy, I am going to keep this blog exclusive to myself and try to write as long as I can. Doing business with China and Chinese since 1991, I do not lack stories and anecdotes to share. I hope it will become a cleansing and therapy process for myself, while being helpful to those who are intrigued by this gigantic country and its people. If you want to ask me what the biggest challenges are when it comes to working with Chinese. Lack of transparency is on top of my list. It is hard to see things through, from the government to small businesses. We all remember that, late 2015, China was plunged into a chaotic situation. RMB's value was dropping like a rock vs. US dollar. Investors, both domestic and foreign, were panicking. Local Chinese rushed to banks trying to exchange all their savings into U.S. dollar. , so did some institutions, out of the fear that RMB would crash and Chinese economy would crash. Nobody from the government stood up to communicate with its people and the rest of the world. Instead,... Read more →

Tweet People have been searching for the next big platform, is it VR, or google glasses, or cars? No, definitely not. It is messaging platform. Few people bet it right except genius Mark Zukkerberg. The two platforms he owns, Facebook Messenger and Whatsapp have active users of 1.6 billion combined per month. The top 4 messaging platforms have more than 3 billion users. Data source: Business Insider Wall Street Journal points out that Messaging platform is more than facilitating texting. They move beyond social media functions to become an important tool for on-line payment, shopping and other services. Wechat under Chinese Internet giant Tencent has taken it to a new level. Yes, Wechat has become the center of Chinese people's daily life. Any business targeting China or its consumers will be doomed for disappointment if without taking it into consideration and integrating into its business plan. Read more →

Why China wants to Join SDR?

to end RMB's long-term tie with dollar will not be an easy journey. China will have to address the exodus of capital out of the country due to investors' expectation of RMB's further depreciation. The instability of its currency may also affect the currencies of some developing countries which are China's major trade partners, ultimately hurting their economies. In the end, the rest of the world may all feel the pain. Read more →