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Another fun fact: Jen Liu, Uber’s China head of strategy, is the niece of Lenovo founder Liu Chuanzhi.
by perlwle 10y ago
Another 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...