“Anybody who does business in China compromises some of their core values,” says Alphabet Chairman John Hennessy in a live audience interview on Bloomberg. Alphabet is the parent company of Google.
The Head of Policy at Airbnb, Chris Lehane, says that they are seeing the same underlying dynamics and trends of millennials driving Airbnb growth in China that they saw earlier globally. With 400 million millennials living in China, the growth potential for Airbnb is massive.
The world’s leading automotive alliance, Renault-Nissan-Mitsubishi, is spending a billion dollars over the next five years investing in technology-focused mobility startups. François Dossa, says that they are investing in technologies that will make the mobility of the future.
Former Microsoft COO Bob Herbold discussed in an interview (below) the fact that computer science and engineering schools are now competing strongly with US universities.
Scott Kennedy, who is the Deputy Director, Freeman Chair in China Studies at Center for Strategic and International Studies (CSIS), said on Twitter that Amex finally winning Chinese market approval is not a breakthrough for China market access.
Nokia CEO Rajeev Suri says that the company will start to launch 5G in 2019 and 2020 starting with the United States followed by Japan, South Korea, and China. He says that the rollouts have already begun with actual 5G launches next year.
The CEO of Geek Plus Robotics, a China-based company, says they don’t see any strong competition outside of China and this includes the United States. “We almost cannot see any strong competitor outside of China,” said Zheng Yong.
SAP CEO Bill McDermott, in a wide-ranging interview with Bloomberg talked about enterprises moving to the cloud, competing with Oracle’s new autonomous database, competing with Salesforce, and its huge business in China.
Amazon is using creative tactics that enable it to avoid import taxes on almost everything it sells by making every item sold a single sale that is under $800 according to trade expert and former Trump advisor Curtis Ellis.