Expert Profile

Expert photo David Wei
Since October 2007, chief executive officer and executive director of Alibaba.com;   From November 2006 to September 2007, president of Alibaba.com and executive vice president of Alibaba Group;   From 2002 to 2006, president of B&Q China, a subsidiary of King

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Sourcing In China


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Facts & Figures In China

Hoards Of Corrupt Chinese Officials Fled Abroad
In the earlier of 2010 China's top prosecutorial office said 4,000 officials have fled overseas with as much as $50 billion in stolen government funds during the country's economic boom over the past three decades. Many went to the U.S. and Australia, and were able to launder money, buy real estate and obtain fake IDs through criminal gangs.
 

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China's Best Blogs And Sites

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Bureautics China
07/01/2010 China Auditor: Local Govt Debts Pose Economy Risk
  China's annual audit shows the country's recession-fighting spending spree has led some local governments to run up debts to levels that coul......
 
06/30/2010 Guangdong to Apply to Raise Threshold for Individual Income Tax
  Guangdong Province will send an application to the central government for the adoption of a floating mechanism that links the individual income tax to t......
 
05/28/2010 U.S. Treasury Secretay Says will Push China on Procurement Rules
  U.S. Treasury Secretary Timothy Geithner put Chinese procurement rules as the top concern for U.S. policy makers in upcoming bilateral talks next week.
 
05/27/2010 Major Support Package in Pipeline for Xinjiang: Analysts
  China's central government is believed to be on the verge of unveiling a major support package to help boost development and bring lasting stability in the far western Xinjiang......
 
05/19/2010 China May Let Yuan Rise by Mid-Year, Japan Currency Chief Says
  China may let its currency appreciate by the time of a Group of 20 meeting in late June, Japanese Vice Finance Minister Rintaro Tamaki said, reported Friday’s Bloomberg.
 
04/14/2010 U.S. Treasury Secretary Geithner Heads To China
  US Treasury Secretary Timothy Geithner was due in China on Thursday, US officials said, as the two nations try to resolve deep bilateral tensions caused by a ser......
 
04/13/2010 Rio China Case May Involve Sinochem And Other SOEs
  Sinochem International Co., China National Building Materials & Equipment Import & Export Corp. and about 18 other companies are allegedly involved in the bribery case against former......
 
04/12/2010 U.S. To Defer China Currency Manipulator Decision: WSJ
  The Obama administration will defer a decision on whether to name China a currency manipulator until well after President Hu Jintao visits Washington for a n......
 
03/17/2010 China Plans New Trade Office As Global Disputes Grow: Sources
  China is setting up a new agency to help streamline its trade negotiating bureaucracy as the world's third-largest economy faces a growing number of commercial disputes, reported Reuters.
 
03/16/2010 China Vows To Improve Social Safety Net
  China's top lawmaker said Tuesday that legislative priorities this year would focus on improving social security and fostering more equitable economic development, reported AP.
 
03/15/2010 China To Boost Rural Representation In Its Legislature
  China is boosting representation for its dwindling rural population in the national legislature as part of a new push to narrow the urban-rural development gap, reported AP.
 
03/12/2010 China抯 Premier Presents Plan For Growth
  Prime Minister Wen Jiabao of China in Friday delivered his annual report to China’s legislature, the National People’s Congress, reported New York Times. 
 
03/11/2010 China MOF Researcher: 2010 Budget Deficit Under 3% Of GDP
  China's national budget deficit this year will "certainly" be under 3% of gross domestic product, a senior government researcher said Thursday, reported Dow Jones.
 
03/02/2010 China to Open Up More Credit Lines For Small Businesses
  A Chinese official has said China's banking regulator would open up more credit lines for small enterprises this year despite the recent gover......
 
03/01/2010 China To Boost Consumer Subsidies At Annual Congress, CLSA Says
  The government will likely increase subsidies to boost purchases of personal computers, televisions, and refrigerators, CLSA analysts including Francis Ch......
 
03/01/2010 China Promises Better Benefits For Rural Migrants
  Han Jun, a senior research fellow at the Development Research Center, a think tank that advises China's Cabinet, said a policy paper released last month made it clear that the......
 
02/08/2010 China Pledges New EffortsTo Boost Rural Development
  China will put more investment, subsidies, fiscal and policy supports into vast rural areas this year. The aim is to better coordinate urban and rural develo......
 
02/04/2010 China Sets Up National Energy Commission
  China has established a national energy commission headed by Premier Wen Jiabao aimed at improving the country's energy strategy and planning development, reported UPI.
 
01/29/2010 Beijing To Close Thousands Of Lobbying Offices
  China is hoping to close thousands of local government lobbying offices in Beijing to cut down on waste and corruption, official media reported Monday, wrote AP.
 
01/28/2010 China to Broaden Use Of Yuan-Settlement Facilities
  China's central bank is planning to broaden a trial program that enables companies to use the Chinese yuan to settle accounts involving cross-border transactio......
 
01/26/2010 2010 Bank Lending Target Set At About 7.5t Yuan: Regulator
  Authorities have set the target for the credit supply in China in 2010 at roughly 7.5 trillion yuan ($1.1 trillion), said Liu Mingkang, chairman......
 
01/25/2010 China Banks Told To Halt Loans In Rest Of Month, Securities Says
  Major Chinese commercial banks received verbal orders from authorities to halt new lending in the remainder of January, the China Securities Journal rep......
 
01/21/2010 China Regulator To Ensure Loans Enter Real Economy
  China’s banking regulator said it will ensure loans enter the “real economy” and restrict financing to sectors that are energy-intensive, bad for the e......
 
01/19/2010 China Regulator Directs Banks To Halt Mortgage Commissions
  Chinese banking regulators have directed the nation's lenders to halt the practice of providing commissions to real estate agents for introducing mortgage cus......
 
01/15/2010 China Cracks Down On Banks' Loan-Sale Practice
  China's banking regulator has quietly cracked down on banks selling their loans to trust companies, a practice employed to prettify banks’ financial positions, reported Wall Street Journal.
 
01/13/2010 China Urges Central SOEs To Be Prudent Of Stock, Property Investment
  China's state-owned enterprises (SOE) are being told to be prudent of venturing on the stock and real estate markets amid the complicated and fickle economic conditions, reported Xinhua.
 
01/06/2010 ASEAN-China Open Free Trade Area
  China and Southeast Asia established the world's biggest free trade area (FTA) on last Friday, liberalising billions of dollars in goods and invest......
 
01/05/2010 China's Premier Pledges To Control Real Estate Bubble, Holds Firm On Yuan
  Chinese Premier Wen Jiabao said the government will cool property prices, resist pressure for the yuan to appreciate and keep inflation at "reasonable" levels on Monday, reported Bloomberg.
 
10/08/2009 China Government Demands Full Asset Disclosure From Leading Officials
  Leading officials within the Communist Party of China (CPC) will soon have to declare all assets and investments, as well as details on their family, as par......
 
09/26/2009 Coke Co Probe Leads To Multiple Bribes
  A corruption scandal involving two former employees at a Chinese bottling plant of beverage giant Coca-Cola Co may lead authorities to more than one bribery ......
 
09/22/2009 Coca Cola Says China Ex-Employee Held Over Corruption
  A former employee at one of beverage giant Coca-Cola Co'sChinese bottling plants is being held by police in connection with a corruption investigat......
 
09/10/2009 Euro Firms' China Woes Highlighted
  Despite China's ongoing economic reforms, European enterprises doing business in the country are feeling the "increasing threat of protectionism" coming......
 
08/27/2009 China Urges Efforts To Support Development Of Small, Medium-Firms
  Attendees Wednesday at a China State Council executive meeting, chaired by Premier Wen Jiabao, agreed that promoting the sound development of the SMEs was of great importance to......
 
08/27/2009 China Deepens Probe Into U.S. Steel Subsidies
  China, the world's largest steel producer and consumer, deepened its investigation into imported steel products from the United States, the Ministry of Commerce said late on We......
 
08/19/2009 China Premier Said The Country Will Maintain Stimulatory Policies
  China will maintain its current macroeconomic policy stance aimed at bolstering domestic spending as the nation continues to experience fallout from the......
 
08/28/2008 China Acquires Majority Of Thai Village in $296m deal
  A CHINESE stationery company is making a reverse takeover worth $296.4 million of stock-exchange-listed Thai Village. Thai Village, known for its shark's fin soup resta......
 
 
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Expert Talk

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David WeiAlibaba.com, the World抯 Biggest Online Marketplace

If you accidentally drop by a speech by David Wei, CEO of Alibaba.com, at a networking event organized by the CCIFC near the Chinese New Year, and you don’t know who David is, very likely you will guess the well-groomed guy promoting Alibaba in perfect English and with great diplomacy must be the media director of the E-commerce giant. Like the Group’s chairman & CEO Jack Ma, David Wei knows intuitively how to take advantage of media and publicity to popularize their company and ideas. But different from Jack Ma’s unassuming manner, passion and sheer personal charisma which embodies China’s entrepreneurs, an air of sleekness, caution and well-educated gentlemanship -- traits of many western professional managers -- envelops David Wei, who was born in Shanghai, received education from London Business School, and once an investment banker. The article below is largely based on what David talked that night at the CCIFC party and what we learned from online sources about Alibaba.



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Jessie WangIdealpeople, Illustrious Pathfinder in Recruiting Business

Jessie Wang had her first taste of the glamour of the recruitment industry when she was tapped from a renowned management consulting firm to work in Idealpeople, a young but resonating name in the recruiting industry. Two years later, she was struck harder by the charm of recruitment when she was planted in Beijing as the Head of Idealpeople APAC. Now, recruiting both for MNC clients and her own team, she experiences the beauty of connecting high-caliber talents and sterling companies on a daily basis.



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Denis GihanForeign Investment in China

If we need to summarise Denis Gihan’s career, Business, Management consultation, Investment and Entrepreneurship will be the most befitting keywords before 2007, after which we should add a new word – China. After earning an MBA from one of France’s elite business schools, Denis spent nearly twenty years in the business world. First worked in the finance and management consulting business for about 13 years, and then had several successful entrepreneurial tries, Denis married a Shanghai-based French lady and relocated there in 2007. Thus begins his China adventure. In this interview Denis discusses with us investment and opportunities in the Far Eastern country.



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Steve Xinyu LiCTG, a Dark Horse in China's Human Resource Outsourcing Market

Like many of China’s crème de la crème in the 1990s, Steve Li firstly got two degrees from China’s G2 universities, then successfully landed a scholarship from one of the Ivy League Schools. After that, a decent job in the IT industry and citizenship of the free world. For most American engineers of Chinese ancestry, what follows normally are more senior titles, bigger houses, family, and beach. But Steve is unusual. Besides solid engineering background, Steve is full of energy, has a deep understanding of both the business world and human nature, sociable and risk-taking. He knew deep inside that he can be something different. His Chinese friends also knew that.
 
The year 2007 came quietly. That year a domestic company China Talent Group was looking globally for a director of business development. CTG needed a talent who shall have international vision, new business development capability, both locally and overseas, and of IT background since they planned to upgrade their IT system in the near future. When Steve’s domestic friends learned the opening, they referred him. Instinctively sensed the value of the position, Steve without any hesitation grabbed the opportunity. Now newly appointed as VP of Business Development at CTG in this January, Steve was more convinced of the rightness of his decision more than two years ago.
 


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Charles GAOWorld-Leading HR Firm Adecco to Gain Its Due in China

When we first met Charles Gao, the Associate Director of Adecco China, we cannot believe he has 15 full years work experience under his belt: his look, vitality and passion all speaks that he should be a twentysomething. But minutes after our talk, his discreet words, professionalism and air of dignity soon manifested his long working life and time-mellowed sophistication. He is just like the company he is working at: Adecco, though its origin can be traced back to 1957, never stopped growth and expansion. Now fully established in China, it keeps on thriving and flourishing. Not long from now, we may witness it secure its championship in China, as it did all over the world.
 


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Cedric Mangaud Enhance China抯 Mobile Services

Widely regarded as a product visionary, Cédric Mangaud, the CEO of Abaxia,  has more than 10 years experience of international business and general management within the telecommunications and Internet industries. Enterprising, dynamic and fascinated by next generation mobile technologies and opportunities in China, he has just opened a representative office of his mobile software company in the country to help market the Chinese mobile industry.
 


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Gene ShiSafeguard Property Transaction in China

Whether you are a long-term China watcher or only having a smattering of interest in the Asian country recently, whether you single-mindedly focus on the Orient powerhouse’s industry and finance or just being curious about this ancient civilization’s life and society, you surely will notice the recent popularity of a local TV series called Narrow Dwellings, a metro melodrama on a topic which has too many stakes and emotions attached to it: housing in a modern Chinese city. Well, it takes a ton of pains to afford a house and mortgage in any world metropolis, but in China, a country with underdeveloped credit reporting and rating system, even if you stretched your whole family’s resources and thought you could manage to lay out a down payment, the work and risk does not stop there -- you need to well safeguard the property transaction process. That is exactly where First Title Real Estate Guaranty and its president Mr. Gene Shi come in to help, at the right time.



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Albin RouxPremium Armagnac from LAUBADE Comes to China

As the saying goes, you can judge a man by the company he keeps, and we know that wine is men’s best company, so an application of syllogism can lead us to the conclusion that you can judge a man by the wine he keeps. So what about the men who keep Armagnac as company, the most ancient eaux-de-vie (meaning water of life) in France? In this interview we are grateful to meet Albin Roux, the Brand Ambassador and Area Manager for L.E.D.A, which owns the famous Armagnac brand Château de Laubade. Suave, crisp and stylish, Mr. Roux will impress you profoundly as much as the mellow brandy he represents will do.



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Emmanuel GrosPump China Oil Up

You may not hear about PCM, but if you ever dabbled in stock market, you are surely familiar with big names like Sinopec and CNPC. PCM provides the driving force for these companies’ oil operations. Its patented product the Progressive Cavity Pump is used in oil well pumping operations all over the world, under whatever geologic circumstance, withstanding whatever climate and temperature. As driving as his company’s proprietary PCP, Mr. Emmanuel Gros launched the PCP Asia Pacific branch single-handedly in Shanghai in 2002. After seven years’ continual boom, the company now is well-oiled to force through any viscous fluid, any seemingly unpenetrable financial tsunami. 



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William TsengBuild to last in China

15 years ago, when a bunch of energetic and ambitious Taiwanese launched Capstone Construction & Development Co. in mainland China, all around them was towering cranes and roaring bulldozers. Now after all these years’ booming construction, when I went inside the roomy office of Mr. Tseng, General Manager of Capstone Construction, I was first greeted by the soaring cranes brandishing proudly outside his big window.