|
| 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 © 2026 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
Latest Press Releases
Unisound U1-OCR: The First Industrial-Grade Document Intelligence Foundation Model, Ushering in the OCR 3.0 Era
Feb 28, 2026 09:00 HKT/SGT
|
|
|
NEC Strengthens Multi-Vendor Optical Network Solutions with New TIP-Certified Phoenix Hardware Lineup
Friday, February 27, 2026 5:50:00 PM
|
|
|
NEC Demonstrates Agentic AI-Driven Autonomous Network Operations in Collaboration with AWS
Friday, February 27, 2026 4:31:00 PM
|
|
|
Mitsubishi Heavy Industries Compressor Acquires Swiss Rotating Equipment Maintenance Company AST Turbo AG
Friday, February 27, 2026 4:23:00 PM
|
|
|
NEC Strengthens Its Edge Portfolio for the 6G Era, Enabling Efficient Edge Deployment and Integration with Cloud Services
Friday, February 27, 2026 11:24:00 AM
|
|
|
Fujitsu POS solution enhances customer experience at Hankyu Hanshin Department Stores
Friday, February 27, 2026 11:03:00 AM
|
|
|
Casa Minerals Announces 2026 Aggressive Exploration Plans for Congress Gold Mine and Arsenault Projects
Feb 26, 2026 21:59 HKT/SGT
|
|
|
Mitomo Semicon Engineering to Change Company Name
Thursday, February 26, 2026 9:00:00 PM
|
|
|
Truecaller Partners with AnyMind Group to Expand Direct Sales Footprint Across MENA and Southeast Asia
Feb 26, 2026 20:20 HKT/SGT
|
|
|
U.S. Polo Assn. Returns as Official Apparel and Jersey Sponsor of the 2026 Dubai Polo Gold Cup for Third Consecutive Year
Feb 26, 2026 20:00 HKT/SGT
|
|
|
|
|
More Press release >> |
|
 |
|
 |
|
