The business environment is composed of many international players that bring with them their culture and their values. In this article, the business cultures of the Chinese, Greeks, Indians, and Americans are discussed.
Being the most outstanding nation in terms of GDP, China gets the attention of the world in terms of sound financial practices. Recent reports observe how unicorn ($2 billion worth) Chinese venture capitalists are pouring money on food and beverage enterprises.
The current high-flyer to raise an initial public offering of about $1.4 billion in the New York Stock Exchange is a Chinese express delivery firm, raising speculations that foreign stocks are gaining a strong foothold in the US market.
JD.com, the second-largest online seller in China announced last week that it has started experimenting with drones in the delivery of small packages to remote areas which are difficult for delivery trucks to reach. The Beijing-based company used its own bright red drones that bear its logo.
Syngenta, a global Swiss agribusiness company, was offered a huge $43 billion by the state-owned China National Chemical Corp. last Wednesday. This Syngenta China deal will be the largest-ever acquisition made by a Chinese company overseas.
Chinese authorities have recently apprehended 21 individuals, including Ding Ning, the ringleader, for perpetrating a scam from an online financing scheme. They are charged with defrauding 900,000 people of approximately 50 billion Yuan or $7.6 billion.
Boeing has recently announced its plans to further boost the company’s industrial connections globally. While the move is beneficial to the aircraft manufacturer as a sprawling multinational enterprise, the proposal to put up a factory, particularly in China, would threaten the jobs of the American workers.
Uber Technologies Inc., an American ride-hailing service, is set to invade more than 100 Chinese cities in 2016. According to the company’s Chief Executive Officer Travis Kalanick, they are doubling up the quantity of their previous goal which was set three months ago. Uber’s announcement was made on Tuesday.
It’s been a challenging time for China as its oil demand continues to slump amid auto sales tumble and the weakening yuan. Now, fears over currency devaluation impact and currency war have intensified in the nation.