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Jean Liu, the president of Didi, is the daughter of Chinese businessman and Lenovo founder Liu Chuanzhi, and the granddaughter of Liu Gushu, a senior executive
by snaky 10y ago
Jean Liu, the president of Didi, is the daughter of Chinese businessman and Lenovo founder Liu Chuanzhi, and the granddaughter of Liu Gushu, a senior executive banker at the Bank of China.
Travis Kalanick is not.
- perlwle 10y agoAnother fun fact: Jen Liu, Uber’s China head of strategy, is the niece of Lenovo founder Liu Chuanzhi.
- snaky 10y agoGood old state-sponsored family business. It's called Chaebol (재벌) in Korea, Zaibatsu (財閥) in Japan, is there a name for it in modern China?
- altern8tif 10y agoNepotism.
- MagnumOpus 10y ago"Taizidang" (太子党) - the Party Princelings. They are children and in-laws of of influential "communists" who regularly end up as generals, CEOs and heads of NGOs in their thirties. https://en.wikipedia.org/wiki/Princelings https://en.wikipedia.org/wiki/Princelings
- snaky 10y agoAFAIK Princelings is just one of the political gangs in China. Others are https://en.wikipedia.org/wiki/Shanghai_clique https://en.wikipedia.org/wiki/Shanghai_clique, https://en.wikipedia.org/wiki/Tsinghua_clique https://en.wikipedia.org/wiki/Tsinghua_clique, https://en.wikipedia.org/wiki/New_Zhijiang_Army https://en.wikipedia.org/wiki/New_Zhijiang_Army, and https://en.wikipedia.org/wiki/Xishan_Society https://en.wikipedia.org/wiki/Xishan_Society
- eva1984 10y agoCaiFa(财阀) is a word in Chinese too, which I think might be borrowed from Japanese. But for more local version of this word, I would prefer "红顶商人"(red hat businessman), which is from Qing Dynasty, where statesman wears hat with red fur on top, implying the his relationship with government.
- brianbreslin 10y agoI thought in Japan it was called a Keiretsu[1] ? Samsung would be consider a Chaebol right? [1]https://en.wikipedia.org/wiki/Keiretsu https://en.wikipedia.org/wiki/Keiretsu
- snaky 10y agoThe difference between Zaibatsu and Keiretsu is how much the state is involved. After MacArthur's attempt to demolish Zaibatsu completely, they found a way to reorganize with almost no state involvement as Keiretsu. These days, after half of the century, Japanese pretty much recreated all the things MacArthur killed - from Zaibatsu to ultra-nationalism as government ideology [1] Samsung, Daewoo, Hyundai - pretty much any big Korean firm is Chaebol. [1] http://www.thedailybeast.com/articles/2016/07/10/does-this-religious-cult-run-japan.html http://www.thedailybeast.com/articles/2016/07/10/does-this-r...
- forgetsusername 10y agoUber is renowned for using political connections and board seats to influence regulation. How different is it?
- snaky 10y agoThe most sneaky US lobbyst is a naive child comparing to any Chinese small village chief.
- 794CD01 10y agoThen why not start your own lobbying firm that imports talent from China and outcompete everyone else?
- oldmanjay 10y agoIs that how they keep winning anywhere they don't have total control?
- snaky 10y ago> Asian Americans as a whole are doing better than any other single racial group, earning more on average than whites, and more likely to graduate from college http://www.nbcnews.com/feature/in-plain-sight/asian-american-social-class-more-complicated-data-n316616 http://www.nbcnews.com/feature/in-plain-sight/asian-american...
- ithinkinstereo 10y agoI don't get these comments. The growth of large Chinese MNCs is just getting started. People said the same thing about Korean companies and Japanese companies. The Chinese will continue to push into international markets and will grow to be incredibly competitive with western corporations. Really naive to think otherwise...
- kesselvon 10y agoHard to compete when the government interferes in favor of your competitor. Many western companies investing or competing in China don't realize how stacked the cards are against them. Either you're left with a very tiny share of the market, or your joint Chinese partners are going to plunder your IP and start undercutting your business.
- snaky 10y agoWhile investors are willing to pay real money for the slide "Our Growth in China is So Amazing!", life is good for Travis and others.
- marme 10y agopeople dont understand how much this was happening to uber. Police were actively stop uber drivers and fining them for operating as illegal taxi while not stoping any didi kuaidi drivers. In some cities they even had uber banned by the local government with threats of arrest for anyone who drove for uber in the city while allowing didi kuaidi to operate. There has been so much kick back and inside dealing by didi kuaidi that uber never had a chance
- rsync 10y ago"Interesting fact: Uber China's Senior VP (Liu Zhen) and Didi's President (Liu Qing, or Jean Liu) are cousins." (taken from an unrelated comment in this thread - see below)