“No economy, no company, in fact no individual can develop its full potential today without embracing two fundamental trends - globalization and digitalization. They will dominate for quite some time to come.” TwoFactsTodayIndividualCompanyEconomyFundamentalsTrendsGlobalizationFull Potential Author:Zhang Xin
“China's economy became more complex. By now there is a large number of small- and medium-sized companies that work quite differently from big, state-owned enterprises. They don't follow any long-term business plan and don't rent office space for years to come. They start out and need an office right away, for a week, a month or half a year, and they want to be among other entrepreneurs like themselves.” WantNeedsYearsLongStatesBigsTermSpaceNumbersHalfCompanyEconomyPlansWeekMonthsOfficeEntrepreneurComplexesChinaMediumsLong TermEnterpriseLarge NumbersBusiness PlanHalf A YearOffice Space Author:Zhang Xin
“Our tenants now are companies like Uber, the taxi service, Meituan.com, China's version of Groupon - and a large number of startups. These companies operate in a modern way, just like their customers: They go on the Internet, look for an offer and take it.” WayLooksNumbersCompanyModernGoes OnInternetOffersChinaCustomersVersionsLarge NumbersTaxiTenantsUber Author:Zhang Xin
“It's a good thing that it is getting simpler to register a company in China, it is good that the exchange rate of our currency is getting more flexible and that it's getting easier for Chinese businesspeople to travel. All of this opens up our economy.” CompanyEconomyEasierGood ThingsRateChinaChineseCurrencyFlexibleRegister Author:Zhang Xin
“But it is a worry that there have been so many delays in the reform of China's state-owned enterprises. We all know that private companies are run more efficiently than state ones. These reforms are very much anticipated for the potential dynamism they could create.” KnowsHas BeensStatesRunningCompanyWorryChinaReformEnterpriseDelayDynamism Author:Zhang Xin
“When we started out, we didn't really think that the era of great opportunity would end one day. We were much too busy developing our companies. But in today's China you can build a city, even a mega-city like Beijing or Shanghai, within 10 or 15 years. And then you are done. So in real estate development, the Gründerzeit is over. But that is not the case in other sectors.” ThinkingYearsRealEndsDoneTodayOpportunityCitiesCompanyCasesDevelopmentOne DayBusyChinaDevelopingErasEstatesToo BusyGreat OpportunityBeijingMegaShanghai Author:Zhang Xin
“Our company has only been active in Beijing and Shanghai, two very market-dominated cities. This was an advantage. Land is purchased here in public auctions, in a transparent way. When you do real estate development outside Beijing and Shanghai it is good to have "guanxi" - good relations within the local government.” WayTwoRealGovernmentCitiesCompanyLandDevelopmentAdvantageRelationActiveLocalsEstatesTransparentBeijingAuctionsLocal GovernmentShanghai Author:Zhang Xin
