CPE+F09+Class+11+MNCs2

CPE+F09+Class+11+MNCs2 - Class 11 MNCs in China Part 2...

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Class 11: MNCs in China , Part 2
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Lessons from Venture Capitalists Venture capital: help an innovative company grow, then exit. Foreign, local VC growing in China. Lots of “dumb money.” Historical arc: MNCs co-invest. Big private equity. Small tech funds. Diversification. “Capital travels.” Still invest in multiple companies simultaneously. Intel Capital: 40 investments. Management with operational competence. All places are distinctive. Need to understand incentive structures. Foreign-local tensions common. Purely local-run, purely foreign-run. Government relations. Consumer-facing sectors. Japan vs. China. Spreading out investment.
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Them” Problems in China 1. Market Access 2. Red Tape 3. IPR 4. Human Resources 5. Collections 6. Limits on foreign exchange, profits 7. Corruption 8. Low Incomes
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Us” Problems in China Inadequate market research about what Chinese consumers/industry want or need. Unfamiliar with government regulations
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CPE+F09+Class+11+MNCs2 - Class 11 MNCs in China Part 2...

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