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#1 – Amazon best seller in “History-Asia-China”

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“One hour with this book will make you an expert on business in China.”

- Dick Gephardt, Majority-Minority Leader, U.S. House of Representatives, 1989-2002

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- James McGregor, author of One Billion Customers: Lessons from the Front Lines of Doing Business in China

My SCMP article: “What everyone is getting wrong about urbanization in China”

(reposted from SCMP here, May 9, 2014)

Jonathan Woetzel is the “go-to guru” for Chinese urbanization. He is a senior partner at McKinsey & Company and the co-Chair of the Urban China Initiative, a thinktank. Whether it is Chinese city officials, multinationals or government officials in Riyadh and Moscow, he is the person everyone calls for this subject.

I interviewed him about the current state of Chinese urbanization – and in particular about what people are getting wrong. Continue reading

My Caixin Article: “What Is Alibaba Worth? That Depends on Tencent”

(This article is reposted from Caixin Media on May 6, 2014, posted here)

As Alibaba files for its initial public offering (IPO) in the United States, analysts everywhere are engaged in a great game of valuation prediction. What is Alibaba really worth?

We have seen every technique cited – from cash flow projections and comparables to synthetics pricing and grey market trading. Thus far the low-end of predictions have put Alibaba at US$ 80 billion to US$ 100 billion. The majority of estimates are in the US$150 billion range. And a few analysts are making headlines with predictions of US$ 250 billion and above.

Continue reading