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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.”
“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.
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.
China’s Tencent Raises $600 Million from Note Offering.
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.
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.
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:
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.
Quotes David from the Bloomberg article by Ed Lococo.
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:
For more information, please contact us.
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.