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David speaks to AP on Huawei/ZTE
US report highlights unease about Chinese firms
Joe McDonald, AP
SFGate
October 9, 2012
David spoke with Joe McDonald at the Associated Press about the Congressional committee report on Chinese telecom equipment manufacturers Huawei and ZTE.
“They are the first Chinese company to present a viable, sustainable competitive threat to what has long been perceived as America’s core competitive advantage, which is innovation and high technology,” said David Wolf, a technology marketing consultant in Beijing. “No matter what firm stepped into that, it would be caught in the barbed wire.”
The Chinese Government and Outward Investment
“Chinese businesses increase US investments“
David Pierson & Don Lee
The Business Mirror
September 1, 2012
WGA CEO David Wolf is quoted in this article explaining how the Chinese government is encouraging its companies to go out and seek M&A opportunities abroad.
While it didn’t make the final edit, David had also told the reporters that China’s government is starting to diversify what it sees as “strategic assets.” While once limited to commodities such as food, iron ore, and petroleum, the Chinese government now sees innovation and intellectual property as assets that must be both developed and purchased in order to assure China’s future.
WGA’s David Wolf on American Public Radio
“Congressional committee suspicious of Chinese companies’ intentions”
Rob Schmitz
Marketplace.org.
October 8, 2012
Speaking with Rob Schmitz on American Public Radio’s “Marketplace for Monday” show, David explains why Huawei actually lacks the motivation to serve as Beijing’s accomplice in cyber-espionage:
“I would say that Huawei, given that 70 percent of its business is outside the PRC, would sooner give up its business in China and give up its domicile in China, than cave into a request like this from the government,” says David Wolf, president of the Beijing-based Wolf Group Asia, a tech consultancy firm.
On Tencent’s New Bond Offer
China’s Tencent Raises $600 Million from Note Offering.
Josh Ong
The Next Web
Josh Ong offers a quick overview of Tencent’s recent senior note offering, along with some comments from WGA’s David Wolf on where the money will likely go. David’s analysis suggests that Tencent will focus its capital on investments in mobile and e-commerce, particularly the latter.
While it doesn’t get as much press coverage in the west as Baidu, Sina, or Alibaba, Tencent is arguably the most interesting Chinese Internet company of all.
American Assets as a Strategic Chinese Target
Chinese firms eagerly buying up American assets
David Pierson and Don Lee
The Los Angeles Times
August 24, 2012
In a not-unexpected turn, the Chinese are buying American businesses that history, serendipity, or the Global Financial Crisis have put on the block. David notes in the article that the implicit and explicit approvals given by the central government for Chinese firms to do this is all about building foundations for future global growth, and for strength at home.
David Wolf on China’s Equity Markets
Equity markets: A whole new bourse game /Euromoney magazine.
Euromoney examines David’s theory that more Chinese companies will de-list from overseas bourses in favor of bringing their equity home, and finds ample evidence to support it. Thus far sixteen Chinese companies have announced delisting from U.S. bourses, and many others are apparently considering it.
For more of David’s viewpoint on the matter, check out these two articles:
and
Holmes Report: David on Chengdu’s Location Marketing
Brücke / Bridge, City of Chengdu, Sichuan province, China (Photo credit: Wikipedia)
Chengdu’s Global PR Plans Signal Rise Of China’s Tier Two Cities.
David explains why the move by the Chengdu city government to expand its location marketing effort is a wise move.
Another wise move is Ogilvy‘s effort to build a location marketing practice. China’s cities have long depended on face-to-face meetings with a continuous flood of foreign businessmen to bring investment into their cities, and tourism marketing was handled even less systematically. The reason is one of knowledge and capability rather than intent. Yet even when these cities recognized their shortcomings, few understood where to go for help.
As Ogilvy demonstrates, the answer is clearly-marked and marketed expertise.
Apple CEO promises more China investment | China Economic Review
Apple CEO promises more China investment | China Economic Review.
Quotes David from the Bloomberg article by Ed Lococo.
WGA and the China Luxury Network
We are pleased to announce that Wolf Group Asia is now a part of the China Luxury Network, a group of companies focused on building connections between prestige brands and Chinese consumers.
Other partners include Affinity China, China Luxury Advisors, Jing Daily, China Contact, CiC, and Curve.
Some of our thinking on the luxury market in China:
China’s Global Luxury Consumer
Ten Principles of Luxury Marketing in China
For more information, please contact us.
On News Corp’s Bona Film Group Purchase
News Corp. buys stake in Chinese film studio – latimes.com.
David was quoted in the Company Town blog at the Los Angeles times in a post about News Corp.’s purchase of a 19.9% stake in Beijing-based Bona Film Group.
This approach marks a strategic departure for News Corp. in China in two ways. First, News is taking a sub-20% minority stake. Second, it is returning to China’s film industry after hitting a brick wall.
