Americans have long underestimated China’s entrepreneurs and startup companies due to their association with the State and the Communist Party. That mindset needs to change, said Edward Tse, author of China’s Disruptors. ‘These companies are fast and agile and they are disrupting businesses not only in China, but in our view they are beginning to get outside of China,’ said Tse, who is the founder and CEO of the advisory firm Gao Feng. Tse profiles Chinese technology giants like Alibaba (BABA) founder Jack Ma in his book to illustrate how the country has reversed its long hostility to private enterprise in a mere two decades. Alibaba boasts a $208 billion market capitalization after launching the world’s largest IPO in history in September 2014. He also details the rise of Ma Huateng, also known as ‘Pony’ Ma, who grew Tencent into the world’s third largest internet company with a market cap of $187 billion. Tse said American investors should also put Lei Jun, CEO of Chinese smartphone maker Xiaomi, and Ren Zhengfei on their radar screens next to the likes of Mark Zuckerberg and Bill Gates. Ren Zhengfei is CEO of Huawei Technologies, one of the world’s largest suppliers of telecommunications equipment and mobile phones.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
