China: Diaspora Waves, Bamboo Network Economic Interdependence & 996 MNC Culture with Jianggan Li - E425

Jianggan Li, Founder & CEO of Momentum Works, and Jeremy Au talked about three main themes:

1. China Diaspora Waves: Jeremy and Jianggan discussed the long-standing historical connections between China and Southeast Asia, dating back to the era of Admiral Zheng He's voyages during the Ming Dynasty. They touched on the various dialect groups Cantonese, Hokkien, Hakka, Hainanese & Peranakan and event drivers across trade, piracy, civil war, invasions and re-opening. 

2. Bamboo Network Economic Interdependence: Jianggan highlighted how Southeast Asian companies benefited from China's manufacturing boom in the 1980s. They also touched on China's tax reforms in the 1990s, which spurred local governments to develop real estate and industrial parks, ultimately boosting China's manufacturing leadership. They cited billionaire Robert Kuok's Kerry Group, intertwining the stories of Fuzhou, Malaysia, Singapore and Hongkong.

3. 996 MNC Culture: Jeremy and Jianggan covered the intense work schedule advocated by Jack Ma of Alibaba, which involves working from 9am to 9pm, six days a week. This is driven by the intense competition and high productivity expectations within Chinese companies. They also discussed the differences in labor regulations and productivity across various countries where Chinese companies have set up operations, such as Vietnam, Cambodia, Turkey, and Mexico, and highlighted the motivation of migrant workers compared to local hires.

Jeremy and Jianggan also talked about the below-the-radar influence on South American food culture, challenges for Chinese tech companies hiring in international markets and the resumption of Chinese emigration. 

Jianggan Li is the Founder & CEO of Momentum Works, a Singapore-headquartered venture outfit.

Prior to founding Momentum Works, he co-founded Easy Taxi in Asia, and served as Managing Director of Foodpanda. He is also the co-author of the book Seeing the Unseen: Behind Chinese Tech Giants' Global Venturing.

He holds an MBA from INSEAD and a degree in Computer Engineering from Nanyang Technological University. Apart from English and his native Mandarin, he is also fluent in French and conversational in Cantonese & Spanish.

Momentum Works is a Singapore headquartered venture outfit. Over the years, we have become a strong brand for insights, community and ventures in tech, ecommerce and digital economy across emerging markets. Our main business areas include insights/research, advisory, corporate education (Momentum Academy) and venture building.

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