|
| Thursday, 19 December 2019, 11:18 HKT/SGT | |
| |
|
|
|
HONG KONG, Dec 19, 2019 - (ACN Newswire) - Lei Zhang' 02 is investing in Chinese companies during an extraordinary moment in history, he told students at Yale SOM. The country, he said, has been undergoing an economic transformation unlike any other on the planet. The United States, he noted, evolved sequentially through an Industrial Revolution, urbanization, and an information age over nearly 200 years. China is experiencing all three simultaneously.
 | | Left to right: Guolu Qiu, Stephen Roach, Lei Zhang |
"China has an unprecedented triple combination. It's all happening at the same time and to a scale of 1.3 billion people," Zhang said. "Think about using the United States as a parallel example, it's like having Carnegie, Rockefeller, J. P. Morgan, and Mark Zuckerberg sitting together in the same room, in the same decade, building up all the wealth and value at the same time."
Zhang, the president and chief investment officer of Hillhouse Capital Management, spoke as part of a panel discussion with Guolu Qiu, CEO of Gaoyi Asset Management. Stephen Roach, senior fellow at Yale University's Jackson Institute of Global Affairs, moderated the conversation, part of the Colloquium in Asset Management. The three explored the environment for investors in China, the trends shaping investments now, and the outlook for asset managers.
Qiu said that China has developed a generation of home-grown entrepreneurs in a decade of economic growth. "The view that Chinese don't innovate is something that needs to change," he said. "That's something that's already changing in the mobile internet area. You get to a certain point where when you have a number of small changes, they accumulate, and they lead to something new."
Both investors disagreed with a commonly held view of Chinese companies: that they excel at reproducing existing products more cheaply. Today, Zhang said, China produces real innovation. He has invested in WeChat, a messaging platform with more than 500 million users in China. The company has now expanded beyond the mainland to Indonesia and includes mobile person-to-person payment features. Chinese digital products, he said, are finding new ways to flourish abroad.
"Today, innovation is being exported from China," Zhang said. "In emerging markets, people are trying all kinds of ways to get connected. There are so many ways that people are using commerce through social products. China has become a magnet for innovation."
By Yale School of Management
Topic: Press release summary
Sectors: Exchanges & Software, Daily Finance, Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
Latest Press Releases
BCQ (01963.HK) to Pay RMB 585 Million Cash Dividend, Driving Share Price and Yield Upside
Dec 25, 2025 17:23 HKT/SGT
|
|
|
Avantor Appoints Gladys Wang as Vice President, Bioprocessing Commercial, Asia, Middle East & Africa
Wednesday, December 24, 2025 12:20:00 PM
|
|
|
AEON Credit Service Net Profit Surges 28.1% to HK$352.7 Million for First Nine Months of FY2025/26
Dec 23, 2025 22:07 HKT/SGT
|
|
|
Tohoku University and Fujitsu utilize Causal AI to discover superconductivity mechanism of promising new functional material
Tuesday, December 23, 2025 1:58:00 PM
|
|
|
THE HANEDA GODZILLA GLOBAL PROJECT OFFICIALLY KICKS OFF COMPLETION EVENT 
Dec 23, 2025 13:00 HKT/SGT
|
|
|
Holiverse Announces Development of Offline AI Device to Return Data Control to Users
Dec 23, 2025 10:00 HKT/SGT
|
|
|
Toward an Athlete- and Planet-Friendly Hakone Ekiden: All Vehicles Provided for the 2026 Race Will Be Electrified
Tuesday, December 23, 2025 2:18:00 AM
|
|
|
MHI Group to Accelerate Development of Digital Talent
Tuesday, December 23, 2025 1:57:00 AM
|
|
|
MHI and EXEO Group Build and Begin Commercial Use of Japan's First GPU Servers with Two-Phase DLC
Tuesday, December 23, 2025 1:20:00 AM
|
|
|
USA EPA Approval Conditions Accepted for Graphene Coating THERMAL-XR(R)
Dec 22, 2025 20:39 HKT/SGT
|
|
|
|
|
More Press release >> |
|
 |
|
 |
|
