"As the Chinese get richer," the private equity investor glowed, "this company is going to be the next Google." I was sitting in my office in Shanghai, while the investor rattled off why he loved the company. It had 50 retail outlets and planned to open another 100. Moreover, its website had 10 million monthly hits.
The protests in Egypt are unsettling regimes around the world as thousands of everyday Egyptians rise and declare that they want an end to President Hosni Mubarak’s 30-year rule. Time will tell if Mubarak’s regime really will collapse or be forced to undertake major reforms, but what is true is there are lessons for China's leaders as well as those through the Middle East.
Greater China may represent a significant portion of sales for leading luxury brands Louis Vuitton, Gucci and Bulgari, but Aaron Fischer, regional head of consumer research at CLSA Asia Pacific Markets, believes Hong Kong-listed retailers are better positioned to capture the mainland’s demand for high-end merchandise.
Hong Kong property tycoon Vincent Lo has an estimated net worth of $1.95 billion and is ranked the territory's wealthiest, according to Forbes magazine. But it's not been all plain sailing for the CEO of Shui On. The company came close to the brink during the recent financial crisis, on worries it could not meet debt payments. The property mogul shares with CNBC's Christine Tan, about the difficult period.