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In August, SCPKU hosted Professor Andrew Walder's Summer Seminar course, "China's Largest Corporations: A Case Study Workshop," a dynamic program bringing together nine students from Stanford University and nine students from Tsinghua University. The workshop focused on in-depth analysis of China’s leading corporations, providing an unparalleled opportunity for students to explore corporate structures, business models, and international growth prospects in China’s dynamic economic landscape.

Stanford students visit Qingdao Sifang Seminar students visit CRRC Qingdao Sifang Company Sanjiu Zhang

The program began with lectures and group discussions on the complexities of China’s corporate environment. The highlight of the workshop was a field trip to Qingdao, where students had the unique opportunity to interact directly with executives and managers from some of China’s most influential companies.

During the Qingdao trip, the nine Stanford students visited several major corporations, including Hisense, Haier, Tsingtao Brewery, and Shandong Port Group. These site visits offered students a chance to see the inner workings of global businesses with deep roots in China’s industrial and consumer markets. Each visit featured a sit-down discussion where students engaged with company executives and posed insightful questions. Among the topics discussed were the companies’ key export products, their strategies for maintaining export growth, and the primary international markets they target. Students explored how these companies balance domestic and international revenues, as well as their experiences with overseas investments and subsidiaries.

At Hisense, students learned about the company’s strategies for maintaining competitiveness in the dynamic global electronics market. The discussion at Haier centered on smart home innovations and how the company has successfully expanded its brand internationally through overseas subsidiaries. During the Tsingtao Brewery visit, students delved into the company’s long history and success in both domestic and international beer markets. They explored Tsingtao’s strategies for maintaining brand recognition abroad and how it positions itself in diverse cultural contexts. The visit to Shandong Port Group offered insights into the challenges of managing global trade infrastructure and logistics, providing a fascinating look at China’s growing role in international commerce.

In addition to the business analysis, students were particularly interested in how these corporations finance their overseas investments. Discussions explored various methods, including bank loans, retained earnings, and the use of international capital markets. Students also learned about the companies' plans for future global expansion, the challenges they face in extending their international operations, and the biggest successes they have achieved in global markets to date.

SCPKU Seminar Hisense Visit Seminar participants visited Hisense offices in Qingdao Sanjiu Zhang

Students from Stanford and Tsinghua brought diverse perspectives to site visits and group discussions, creating a unique environment for intellectual and cultural exchange. The China’s Largest Corporations seminar embodied SCPKU's commitment to immersive learning experiences that prepare students to engage with the complexities of the global business environment. Through the combination of theoretical analysis and practical, real-world engagement, this workshop provided students with the tools to understand the challenges and opportunities faced by China’s largest corporations as their influence and global scope continue to expand.

*Faculty interested in leading a Summer Seminar in August 2025 may submit a proposal here.
Student applications for 2025 Summer Seminars will open in February on Stanford SOLO.

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Stanford Sociology Professor Andrew Walder led nine Stanford students on a three-week course exploring the structure and global significance of Chinese corporations.

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On October 6, 2021, the APARC China Program hosted the panel program, "Engaging China: Fifty Years of Sino-American Relations." In honor of her recently released book of the same title, Director of the Grassroots China Initiative Anne Thurston was joined by contributors Mary Bullock, President Emerita of Agnes Scott College; Thomas Fingar, Shorenstein APARC Fellow; and David M. Lampton, Professor Emeritus at Johns Hopkins School of Advanced International Studies (SAIS). Thomas Fingar also moderated the panel.

Recent years have seen the U.S.-China relationship rapidly deteriorate. Engaging China brings together leading China specialists—ranging from academics to NGO leaders to former government officials—to analyze the past, present, and future of U.S.-China relations.

During their panel, Bullock, Fingar, Lampton, and Thurston reflected upon the complex and multifaceted nature of American engagement with China since the waning days of Mao’s rule. What initially motivated U.S.’ rapprochement with China? Until recent years, what logic and processes have underpinned the U.S. foreign policy posture towards China? What were the gains and the missteps made during five decades of America’s engagement policy toward China? What is the significance of our rapidly deteriorating bilateral relations today? Watch now: 

For more information about Engaging China or to purchase a copy, please click here.

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Was the strategy of engagement with China worthwhile? Experts Mary Bullock, Thomas Fingar, David M. Lampton, and Anne Thurston discuss their recent release, "Engaging China: Fifty Years of Sino-American Relations."

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The disruption of the 2020 pandemic, coupled with significant economic tensions between China and the US, have resulted in global companies rethinking their supply chains.  Many have called for drastic changes - reshoring, near-shoring, regionalization of vertical supply chains, increasing redundancies, or diversification of Chinese manufacturing to Southeast Asia, South Asia, Africa or Latin America, etc.  Empirical data, however, reveal that many are taking a more cautious approach.  Leading companies are continuing to develop innovative ways to redesign their supply chains that still preserve China as their key supply source.  This talk will share some of these innovative ways that, in the end, may provide better long term values.


Portrait of Hau L. LeeHau L. Lee is the Thoma Professor of Operations, Information and Technology at the Graduate School of Business at Stanford University.  He was the founding faculty director of the Stanford Institute for Innovation in Developing Economies (SEED), and is the current Co-Director of the Stanford Value Chain Innovations Initiative.  Professor Lee’s expertise is on global supply chain management and value chain innovations.  He has published widely in top journals on supply chain management.  He was inducted to the US National Academy of Engineering, and elected a Fellow of MSOM, POMS; and INFORMS.   He was the previous Editor-in-Chief of Management Science.  In 2006-7, he was the President of the Production and Operations Management Society.  His article, “The Triple-A Supply Chain,” was the Second Place Winner of the McKinsey Award for the Best Paper in 2004 in the Harvard Business Review.  In 2004, his co-authored paper in 1997, “Information Distortion in a Supply Chain: The Bullwhip Effect,” was voted as one of the ten most influential papers in the history of Management Science.  His co-authored paper, “The Impact of Logistics Performance on Trade,” won the Wickham Skinner Best Paper Award by the Production and Operations Management Society in 2014. In 2003, he received the Harold Lardner Prize for International Distinction in Operations Research, Canadian Operations Research Society.  Professor Lee obtained his B.Soc.Sc. degree in Economics and Statistics from the University of Hong Kong, his M.Sc. degree in Operational Research from the London School of Economics, and his M.S. and Ph.D. degrees in Operations Research from the Wharton School of the University of Pennsylvania.  He was awarded an Honorary Doctor of Engineering degree by the Hong Kong University of Science and Technology, and an Honorary Doctorate from the Erasmus University of Rotterdam.

 


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This event is part of the 2021 Winter/Spring Colloquia series, Biden’s America, Xi’s China: What’s Now & What’s Next?, sponsored by APARC's China Program.

 

Via Zoom Webinar. Register at: https://bit.ly/35bMWQx

Hau L. Lee Thoma Professor of Operations, Information and Technology, Stanford Graduate School of Business
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Industries all over the world are grappling with new protocols and adaptations needed to safely reopen amongst changes the COVID-19 pandemic has wrought on the global economy. Nowhere have these changes been more apparent than in China, the original epicenter of the pandemic. Now, China is one of the countries leading the way in reopening its national economy.

To explore how business leaders and entrepreneurs in China responded to the lockdown and how they’re planning for the future, the China Program conducted a survey in coordination with the Stanford Center at Peking University and Stanford Business School alumni Christopher Thomas and Xue (Xander) Wu. Though taken from a small sample, the results are one of the best samples to date of how businesses in China are responding to the uncertain geopolitical environment the pandemic and current U.S.-China relations are creating.

High-tech firms and firms with a digital presence or the ability to quickly adapt to a digital environment have faired the best, as might be expected. Less expected are the indications that many of the business leaders surveyed are planning for some degree of 'decoupling' or economic separation from U.S.-based suppliers and markets. Both the pandemic and fluctuating U.S.-China relations have made access to global technologies uncertain and both factors are accelerating desires to create localized supply chains. While the long-term implications of these findings are still unknown, the survey provides a valuable snapshot of the current economic landscape within China. 

Read an excerpt from the article below, and find the full article at The Diplomat. A Chinese language version is available on Caixin.

[Subscribe to our newsletters to always get the latest research from APARC.]


From, "After COVID-19: Rebooting Business in China"

China was the first country to experience the ravages of COVID-19, having lost 4,634 people to the pandemic with 83,565 confirmed cases to date. Draconian measures were used to bend the curve and essentially stop the spread of the disease, although reports indicate that recently new cases have emerged, including those stemming from a Beijing market. For the most part, however, China has loosened restrictions and re-opened large parts of its economy. Individuals scan government-mandated QR health codes with their smartphones, and daily life has been restored to some sense of normalcy with restaurants serving customers and retail shops open to shoppers.

In this pivotal and important time, with streams of foreign policy arguments and opinion pieces sharply analyzing current U.S.-China geopolitical tensions continuing to pour forth, we at the Stanford China Program wanted to take stock of how businesses and the overall economy are coping as China tries to reopen its businesses and reboot its economy. Toward this effort, we conducted a collaborative survey of 135 senior executives in China from May 13-26. The survey was designed to help us better comprehend the variation in how Chinese businesses are reopening as well as how Chinese business leaders are viewing their prospects for the future. The research findings, based on one of the largest surveys to date of senior executives in China, helped us explore the following types of questions: What kinds of businesses have done better and what kinds have done worse? What role has the government played in economic assistance and business reopening? And how do China’s business leaders view the deterioration in U.S.-China relations, the possibility of decoupling, and even future access to technology?


Read the full article at The Diplomat.

Watch the panel discussion on the survey led by Jean Oi, Christopher Thomas, and Xue (Xander) Wu with Alvin Shiqi Wang (王世琪), Xiang Wang (王翔), Simon Yang (杨士宁), and Zhiqiang (ZZ) Zhang (张志强).

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Shiran Shen (left) and Lizhi Liu (right)
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Former Doctoral Students Win Prestigious Dissertation Awards

Interdisciplinary environmental scholar Shiran Victoria Shen is the recipient of the Harold D. Lasswell Award and political economist Lizhi Liu is the recipient of the Ronald H. Coase Award in recognition of their outstanding doctoral dissertations.
Former Doctoral Students Win Prestigious Dissertation Awards
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Public Health Experts Gather Together to Reflect upon Public Health Collaborations with China Amidst COVID-19

Public Health Experts Gather Together to Reflect upon Public Health Collaborations with China Amidst COVID-19
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The survey reveals mixed progress in reopening different sectors of China's economy, but also shows that many business leaders in China are planning for some level of decoupling as access to global technology and supply chains remains uncertain.

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The ravages of COVID-19 are now global. But the pandemic first struck in China, and the nation suffered a 6.8% decline in its first-quarter GDP. China is also the first country to move towards a recovery, however, rolling out government measures, re-opening businesses, and re-starting its economy. In this key moment, the Stanford China Program, in collaboration with alumni members of the Stanford Graduate School of Business, surveyed senior executives in China as their companies reboot their operations. In this two-part program, we first unveil potential trends and key takeaways from the survey. In the second half, we host a panel of prominent CxOs from China who give their insights and experiences rebooting their businesses. What are short-term challenges that companies in China currently face? What are some long-term implications of COVID-19 for their operational model, supply chain strategies, technology, and business digitization? What might they also mean, if any, for global trade relations and the future of globalization?

新冠肺炎疫情现在已经演变成为了全球性的公共卫生事件。但是,疫情最早发生在中国,中国第一季度GDP下降了6.8%。而中国也是第一个走向经济复苏的国家,推出了一系列政府举措复工复产、重振经济。在这一关键时期,斯坦福大学中国项目与斯坦福大学商学院的校友合作,向中国企业高管调查了企业经营重振情况。上半场,我们首先将揭示调查的潜在趋势和主要调查结果。下半场,我们将邀请由中国首席官组成的专家组,提供有关重振企业经营的见解和经验。中国企业目前面临哪些短期挑战? 新冠肺炎疫情对其经营模式、供应链战略、技术和业务数字化有哪些长期影响?它们可能对全球贸易关系和全球化未来产生哪些影响?

Agenda (in Pacific Time)

5:00-5:30 PM   Survey Presentation: Key Takeaways
5:30-6:15 PM   China CxO Panel: Discussion
6:15-6:30 PM   Audience Q&A

(北京时间)

6月11日

早上 8: 00-8: 30   调查报告:主要调查结果

早上 8:30-9:15  中国首席官专家组:讨论

早上 9:15-9:45  观众问答

PANEL SPEAKERS

Portrait of Shiqi WangShiqi Wang has served as CEO and President of 21Vianet Group, Inc. since February 2018. Currently, Mr. Wang serves as Vice President of TUS Digital Group, a subsidiary of TUS Holdings, and serves on the board of directors of Beijing CIC Technology Co., Ltd. and Guangzhou Tuwei Technology Co., Ltd. . Mr. Wang has nearly 20 years of experience in the telecommunications industry, working at various renowned international companies, including 11 years with Ericsson, focusing primarily on strategy development and execution, corporate management, and equity investments. Mr. Wang received a bachelor's degree from Tsinghua University and an MBA from Peking University-Vlerick MBA Programme (BiMBA).

王世琪先生自2018年2月起担任世纪互联集团公司CEO兼总裁。在此之前,王世琪先生任启迪控股旗下启迪数字集团副总裁,他还在北京中航讯科技股份有限公司和广州图卫科技股份有限公司担任董事职务。王世琪先生在电信行业拥有近20年从业经验,曾在多家知名跨国公司任职,包括在爱立信公司工作11年,主要专注于公司战略规划与执行、产品管理和股权投资。王世琪先生拥有清华大学工学学士学位、邮电科学研究院工学硕士学位和北京大学Vlerick MBA项目MBA学位。

 

Portrait of Xiang WangXiang Wang is President and Acting CFO of Xiaomi Corporation, responsible for platform functions and for assisting the CEO with Group operations. Mr. Wang joined Xiaomi Corporation in July 2015 served as its Senior Vice President and President for International Business, responsible for global expansion, IP strategy, and strategic partner relationship management. Mr. Wang has more than 20 years of experience in the semiconductor and communications fields, with great vision and comprehensive understanding of next-generation wireless communications. He has played an integral role in shaping Xiaomi’s international business operations including with respect to its intellectual property compliance, management and strategy throughout the world. In 2016, Mr. Wang put together an international team of sales and marketing teams to expand into more markets outside of China. Within just 3 years, he led his teams into over 90 markets. As of Q3 2019, Xiaomi’s international revenue accounted for 48.7% of its total revenue. Today, Xiaomi is ranked among top 5 smartphone brands in over 40 markets. Mr. Wang previously served as the Senior Vice President of Qualcomm and President of Qualcomm Greater China, leading the company’s business and operations in Greater China. Prior to that role, he was Vice President of Qualcomm CDMA Technology, responsible for Qualcomm chipset business and customer service in China. Under his leadership, Qualcomm rapidly extended and strengthened its partnerships with increasing numbers of Chinese manufacturing customers. Before joining Qualcomm, Mr. Wang held key positions in sales and marketing at internationally leading companies, including Motorola and Lucent/Agere. Mr. Wang earned his BSEE from Beijing Polytechnic University.

王翔先生担任小米集团总裁兼代理首席财务官,他负责集团职能平台,协助首席执行官负责集团运营。王翔先生于20157月加入小米集团,任职高级副总裁、国际商务总裁,负责全球业务拓展、知识产权战略以及战略合作伙伴管理。王翔先生在半导体行业与通信领域有着20余年的工作经验,对下一代无线通信技术有卓越的洞见和透彻的理解。在塑造小米的国际商务运营,包括知识产权的合规性、管理和战略方面,他发挥着不可或缺的作用。2016年,王先生组建了一支包含销售与市场的国际团队,来拓展小米集团的海外业务。在三年内,他带领自己的团队将小米推广至超过90多个海外市场。到2019年第三季度为止,小米的海外业务收入占其集团总收入的48.7%。如今小米在40多个海外市场的智能手机品牌中占据着前5的位置。加入小米之前,王先生在高通集团任职高级副总裁以及大中华区总裁,领导高通集团在大中华地区的业务与运营。在此之前他担任高通CDMA科技副总裁,负责高通在中国的芯片组业务以及客户服务。在他的领导之下,高通得以与越来越多的中国制造业客户拓展并加强了合作关系。加入高通之前,王先生在一些顶尖跨国公司如摩托罗拉、朗讯科技/杰尔的销售与市场部门担任重要职位。王翔先生毕业于北京工业大学,拥有电机工程学士学位。

 

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Portrait of Simon Yang
Simon Yang is the CEO of Yangtze Memory Technologies Co., Ltd. (YMTC), who brings YMTC to a new height in 3D NAND industry. As an experienced executive in the semiconductor industry for over 30 years, Dr. Yang served as the CEO of XMC, COO/CTO of SMIC, and CTO/SVP of Chartered Semiconductor (Now GlobalFoundries), in charge of fab operation and technical R&D. Before that, he was in the Portland Technology Development sector of Intel for more than 10 years, in which he led a series of technical R&D projects. Dr. Yang obtained a Bachelor’s Degree from Shanghai University of Science & Technology, and a Master’s Degree and a Doctoral Degree from Rensselaer Polytechnic Institute.

杨士宁博士现担任长江存储 CEO,带领长江存储在 3D NAND 闪存领域屡创佳绩。杨博士在半导体技术研发与运营管理方面拥有超过 30 年的丰富经验,并曾先后担任武汉新芯 CEO、中芯国际 COO/CTO 及特许半导体 (现“格芯”) 公司 CTO/SVP 等核心高层管理职位, 全面负责公司运营管理、技术研发等工作。早前,杨博士还在英特尔 波特兰的研发部门(PTD)工作 10 余年,专注于技术研发。杨博士荣获伦斯勒理工学院硕士和博士学位。迄今为止,杨博士 拥有 40 多项专利,发表过 30 余篇技术论文。

Portrait of Zhiqiang (ZZ) ZhangZhiqiang (ZZ) Zhang is President of ABB in China since October 2018. He has extensive management experience and a deep understanding of the Chinese market, developed during his career at several large global companies over the past three decades. He joined ABB from Sandvik where he was Asia- Pacific Regional Holding Officer and President of Sandvik China, and Member of Sandvik Group Executive Committee. Prior to that, he held leadership positions at several other companies, including Nokia Siemens Networks, where he was President of the Greater China Region, and Siemens VDO Automotive, China, where he was President and CEO. Mr. Zhang is Non-Executive Board member of Georg Fischer AG (Switzerland) and Daetwyler Holding AG (Switzerland). He holds a bachelor’s degree in electronic engineering from Beijing Jiaotong University, China, and a master’s degree in business administration from the Smith School of Business at Queen’s University in Canada.

张志强先生自 2018 10 月起担任 ABB 中国总裁。在此之前, 他在多家大型跨国企业工作三十余年,拥有丰富的管理经验,深 谙中国市场,曾任山特维克中国区总裁、山特维克集团执行管理 委员会成员、诺基亚西门子通信公司中国区总裁、西门子威迪欧 汽车电子中国区总裁兼首席执行官等职务。张志强先生还担任瑞士乔治费歇尔集团独立董事和瑞士德特威勒 控股公司独立董事。张志强先生拥有北京交通大学计算机专业学士学位和加拿大女王 大学商学院工商管理硕士学位。

SURVEY PRESENTERS

Jean C. OiJean C. Oi is the William Haas Professor of Chinese Politics in the Department of Political Science and a senior fellow in the Freeman Spogli Institute for International Studies at Stanford University. She directs the China Program at the Walter H. Shorenstein Asia-Pacific Research Center and is the Lee Shau Kee Director of the Stanford Center at Peking University. Professor Oi has published extensively on China’s reforms. Recent books include Zouping Revisited: Adaptive Governance in a Chinese County, coedited with Steven Goldstein (Stanford University Press, 2018), and Challenges in the Process of China’s Urbanization, coedited with Karen Eggleston and Yiming Wang (2017). Current research is on fiscal reform and local government debt, continuing SOE reforms, and the Belt and Road Initiative.

戴慕珍教授(Jean C. Oi)是美国斯坦福大学弗里曼•斯伯格国际研究所高级研究员以及政治学系中国政治学威廉•哈斯讲席教授。此外,她在沃尔特·肖恩斯坦亚太研究中心负责中国项目,也是北京大学斯坦福中心的李兆基冠名主任。她著有许多有关中国改革的文章。最近出版的书籍是与史蒂芬•戈尔茨坦合著的《重温邹平:中国县域的适应性治理》(斯坦福出版社,2018年),以及2017年与凯伦•艾格尔顿和王一鸣合著的《中国城市化进程中的挑战》。目前的研究是财政改革和地方政府债务,国企持续改革,以及“一带一路”倡议。

Photo of Christopher ThomasChristopher Thomas was most recently a partner with McKinsey & Company. He served as co-Managing Partner for the Firm’s Global Digital Strategy service line as well as its Global IoT service line; and as the leader of its Asia Semiconductor Practice. Prior to McKinsey, Mr. Thomas spent ten years at Intel. He was the General Manager of Intel China, with joint ownership for the region’s $5 billion-plus P&L. In this role, he grew revenues by more than 50% and oversaw China’s successful elevation from a sales unit to an independent regional P&L business reporting directly into headquarters. Mr. Thomas began his career as a private equity investor at The Blackstone Group in New York City. He is currently a Visiting Professor at Tsinghua University, China’s leading educational institution. He received an MBA from Stanford Business School, where he was an Arjay Miller scholar; a Master of Arts in Political Science from Stanford University; and a Bachelor of Science in Economics, summa cum laude, from the Wharton School.

克里斯托弗·托马斯(Christopher Thomas) 曾任麦肯锡公司的合伙人。他曾担任该公司全球数字战略服务线和全球物联网服务线的共同管理合伙人;以及亚洲半导体业务的领导者。在麦肯锡之前,托马斯先生在英特尔工作了十年。他曾是英特尔中国公司的总经理,共同负责该地区50多亿美元的营运收益业务。在这个职位上,他增加了50%以上的公司收入,并见证中国公司成功地从一个销售点提升为一个独立的地区运营收益业务,并直接向总部汇报。托马斯先生在纽约黑石集团开始了私人股本投资者的职业生涯。他是中国领先的教育机构清华大学的客座教授。他获得了斯坦福大学商学院的工商管理硕士学位,并成为阿杰·米勒学者;从斯坦福大学获得了政治学硕士学位;从沃顿商学院以优异成绩获得了经济学学士学位。

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Portrait of Xander Wu
Xander Wu oversees industry development and builds partnerships with the world’s top cloud computing companies for China Mobile International (USA). He helps clients expand their global footprint and advises companies on best practices for digital transformation. Mr. Wu has 13 years' experience in the global 4G and 5G industry, with a track record of achieving a number of the world’s first milestones in 5G and several de-facto standards for 4G and data networks. Mr. Wu graduated from Stanford Graduate School of Business, where he researched digital transformation and advised startups in the energy sector. He serves as a mentor at several incubators such as Plug and Play, helping startups find the right product/market fit and tailor go-to-market strategy.

负责中国移动国际有限公司(美国)的行业发展以及与世界顶级云计算公司建立合作关系。他帮助客户扩大其全球业务范畴,并就数字化转型的最佳实践为公司提供建议。先生在全球4G5G行业拥有13年的经验,在5G领域取得了许多世界上第一个里程碑式的成就,在4G和数据网络方面也取得了一些事实标准。先生毕业于斯坦福大学商学院,他研究了数字化转型,并为能源行业的初创企业提供咨询。他在一些孵化器企业如Plug and Play担任导师,帮助初创企业找到合适的产品及市场,并量身定制进入市场的策略 .

 

Via Zoom Webinar, 在线会议

Register at 报名: https://stanford.zoom.us/webinar/register/WN_8mdqaCjhR3OqydeBkKQK_g

Shiqi Wang (王世琪) CEO, President of 21 Vianet Group, Inc.
Xiang Wang (王翔) President of Xiaomi Corporation
President
CEO
Simon Yang (杨士宁) CEO of Yangtze Memory Technologies Co., Ltd. (YMTC)
Zhiqiang (ZZ) Zhang (张志强) President, ABB (China)
CEO
CEO CEO
Jean C. Oi Director of Shorenstein APARC China Program; William Haas Professor of Chinese Politics, Stanford University
Christopher Thomas Visiting Professor, Tsinghua University
CEO
CEO
Xander Wu (吴雪) China Mobile International (USA)
Panel Discussions
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看微信网页:https://bit.ly/3gRDy8Q
View this page on WeChat: https://bit.ly/3gRDy8Q

 

This is a virtual event. Please click here to register and generate a link to the talk. 
The link will be unique to you; please save it and do not share with others.

 

Sponsored by the Stanford China Program and the Stanford Center at Peking University.

The ravages of COVID-19 are now global. But the pandemic first struck in China, and the nation suffered a 6.8% decline in its first-quarter GDP. China is also the first country to move towards a recovery, however, rolling out government measures, re-opening businesses, and re-starting its economy. In this key moment, the Stanford China Program, in collaboration with alumni members of the Stanford Graduate School of Business, surveyed senior executives in China as their companies reboot their operations. In this two-part program, we first unveil potential trends and key takeaways from the survey. In the second half, we host a panel of prominent CxOs from China who give their insights and experiences rebooting their businesses. What are short-term challenges that companies in China currently face? What are some long-term implications of COVID-19 for their operational model, supply chain strategies, technology, and business digitization? What might they also mean, if any, for global trade relations and the future of globalization?

Agenda (in Pacific Time)

5:00-5:30 PM   Survey Presentation: Key Takeaways
5:30-6:15 PM   China CxO Panel: Discussion
6:15-6:45 PM   Audience Q&A

Agenda (in China)

8:00-8:30 AM   Survey Presentation: Key Takeaways
8:30-9:15 AM   China CxO Panel: Discussion
9:15-9:45 AM   Audience Q&A

 

PANEL SPEAKERS

Portrait of Shiqi WangAlvin Shiqi Wang (王世琪) has served as CEO and President of 21Vianet Group, Inc. since February 2018. Currently, Mr. Wang serves as Vice President of TUS Digital Group, a subsidiary of TUS Holdings, and serves on the board of directors of Beijing CIC Technology Co., Ltd. and Guangzhou Tuwei Technology Co., Ltd. . Mr. Wang has nearly 20 years of experience in the telecommunications industry, working at various renowned international companies, including 11 years with Ericsson, focusing primarily on strategy development and execution, corporate management, and equity investments. Mr. Wang received a bachelor's degree from Tsinghua University and an MBA from Peking University-Vlerick MBA Programme (BiMBA).

 

Portrait of Xiang WangXiang Wang (王翔) is President and Acting CFO of Xiaomi Corporation, responsible for platform functions and for assisting the CEO with Group operations. Mr. Wang joined Xiaomi Corporation in July 2015 served as its Senior Vice President and President for International Business, responsible for global expansion, IP strategy, and strategic partner relationship management. Mr. Wang has more than 20 years of experience in the semiconductor and communications fields, with great vision and comprehensive understanding of next-generation wireless communications. He has played an integral role in shaping Xiaomi’s international business operations including with respect to its intellectual property compliance, management and strategy throughout the world. In 2016, Mr. Wang put together an international team of sales and marketing teams to expand into more markets outside of China. Within just 3 years, he led his teams into over 90 markets. As of Q3 2019, Xiaomi’s international revenue accounted for 48.7% of its total revenue. Today, Xiaomi is ranked among top 5 smartphone brands in over 40 markets. Mr. Wang previously served as the Senior Vice President of Qualcomm and President of Qualcomm Greater China, leading the company’s business and operations in Greater China. Prior to that role, he was Vice President of Qualcomm CDMA Technology, responsible for Qualcomm chipset business and customer service in China. Under his leadership, Qualcomm rapidly extended and strengthened its partnerships with increasing numbers of Chinese manufacturing customers. Before joining Qualcomm, Mr. Wang held key positions in sales and marketing at internationally leading companies, including Motorola and Lucent/Agere. Mr. Wang earned his BSEE from Beijing Polytechnic University.

 

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Portrait of Simon Yang
Simon Yang (杨士宁) is the CEO of Yangtze Memory Technologies Co., Ltd. (YMTC), who brings YMTC to a new height in 3D NAND industry. As an experienced executive in the semiconductor industry for over 30 years, Dr. Yang served as the CEO of XMC, COO/CTO of SMIC, and CTO/SVP of Chartered Semiconductor (Now GlobalFoundries), in charge of fab operation and technical R&D. Before that, he was in the Portland Technology Development sector of Intel for more than 10 years, in which he led a series of technical R&D projects. Dr. Yang obtained a Bachelor’s Degree from Shanghai University of Science & Technology, and a Master’s Degree and a Doctoral Degree from Rensselaer Polytechnic Institute.

 

Portrait of Zhiqiang (ZZ) ZhangZhiqiang (ZZ) Zhang (张志强) is President of ABB in China since October 2018. He has extensive management experience and a deep understanding of the Chinese market, developed during his career at several large global companies over the past three decades. He joined ABB from Sandvik where he was Asia- Pacific Regional Holding Officer and President of Sandvik China, and Member of Sandvik Group Executive Committee. Prior to that, he held leadership positions at several other companies, including Nokia Siemens Networks, where he was President of the Greater China Region, and Siemens VDO Automotive, China, where he was President and CEO. Mr. Zhang is Non-Executive Board member of Georg Fischer AG (Switzerland) and Daetwyler Holding AG (Switzerland). He holds a bachelor’s degree in electronic engineering from Beijing Jiaotong University, China, and a master’s degree in business administration from the Smith School of Business at Queen’s University in Canada.

 

 

SURVEY PRESENTERS

Jean C. OiJean C. Oi is the William Haas Professor of Chinese Politics in the Department of Political Science and a senior fellow in the Freeman Spogli Institute for International Studies at Stanford University. She directs the China Program at the Walter H. Shorenstein Asia-Pacific Research Center and is the Lee Shau Kee Director of the Stanford Center at Peking University. Professor Oi has published extensively on China’s reforms. Recent books include Zouping Revisited: Adaptive Governance in a Chinese County, coedited with Steven Goldstein (Stanford University Press, 2018), and Challenges in the Process of China’s Urbanization, coedited with Karen Eggleston and Yiming Wang (2017). Current research is on fiscal reform and local government debt, continuing SOE reforms, and the Belt and Road Initiative.

 

Photo of Christopher ThomasChristopher Thomas was most recently a partner with McKinsey & Company. He served as co-Managing Partner for the Firm’s Global Digital Strategy service line as well as its Global IoT service line; and as the leader of its Asia Semiconductor Practice. Prior to McKinsey, Mr. Thomas spent ten years at Intel. He was the General Manager of Intel China, with joint ownership for the region’s $5 billion-plus P&L. In this role, he grew revenues by more than 50% and oversaw China’s successful elevation from a sales unit to an independent regional P&L business reporting directly into headquarters. Mr. Thomas began his career as a private equity investor at The Blackstone Group in New York City. He is currently a Visiting Professor at Tsinghua University, China’s leading educational institution. He received an MBA from Stanford Business School, where he was an Arjay Miller scholar; a Master of Arts in Political Science from Stanford University; and a Bachelor of Science in Economics, summa cum laude, from the Wharton School.

 

Image
Portrait of Xander Wu
Xander Wu (吴雪) oversees industry development and builds partnerships with the world’s top cloud computing companies for China Mobile International (USA). He helps clients expand their global footprint and advises companies on best practices for digital transformation. Mr. Wu has 13 years' experience in the global 4G and 5G industry, with a track record of achieving a number of the world’s first milestones in 5G and several de-facto standards for 4G and data networks. Mr. Wu graduated from Stanford Graduate School of Business, where he researched digital transformation and advised startups in the energy sector. He serves as a mentor at several incubators such as Plug and Play, helping startups find the right product/market fit and tailor go-to-market strategy.

 

Via Zoom Webinar.
Register at: https://bit.ly/2U2r30q

Alvin Shiqi Wang (王世琪) <br>CEO, President of 21Vianet Group, Inc.<br><br>
Xiang Wang (王翔) <br>President of Xiaomi Corporation<br><br>
Simon Yang (杨士宁) <br>CEO of Yangtze Memory Technologies Co., Ltd. (YMTC)<br><br>
Zhiqiang (ZZ) Zhang (张志强) <br>President, ABB (China)<br><br>
Jean C. Oi <br>Director of Shorenstein APARC China Program; William Haas Professor of Chinese Politics, Stanford University<br><br>
Christopher Thomas <br>Visiting Professor, Tsinghua University<br><br>
Xander Wu (吴雪) <br>China Mobile International (USA)<br><br>
Panel Discussions
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On March 30 and 31, 2017, Stanford held two events at SCPKU featuring the latest developments in quantitative finance and financial technology. 

On March 30, the university co-organized with SCPKU, Tsinghua University’s School of Economics and Management and the Department of Mathematics, and Peking University’s  (PKU) Guanghua School of Management and Department of Financial Mathematics, a conference featuring new developments in quantitative finance and risk management with a particular emphasis on trade execution, financial technology, data analysis, and insurance.   This event was the third biennial conference following previous ones at PKU in 2013 and Tsinghua in 2015. Following opening remarks by Stanford Professor of Statistics and Director of Stanford's Financial and Risk Modeling Institute (FARM) Tze Lai, experts from academia and industry including J.P. Morgan, PKU, Tsinghua, Renmin University of China, Daokoudai and the Southwest University of Finance and Economics in Chengdu, shared the latest developments in a wide spectrum of quantitative finance topics ranging from conditional quasi-Monte Carlo methods to China’s peer-to-peer lending market. 

FARM and SCPKU also co-organized a forum on financial technology and portfolio management on March 31.  Due to advances in artificial intelligence and big data technologies, the financial industry is facing tremendous pressure to develop and implement solutions yielding improved operational efficiencies.  This forum convened distinguished academic and industry speakers from quantitative trading, wealth management, asset management, financial consulting, and credit rating firms and agencies to explore the current development and future for financial technology and portfolio management.

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Lili Li, Program Coordinator at SCPKU, spoke with Graduate School of Business Assistant Professor Szu-Chi Huang about her research and the contributions SCPKU made to her research in China.

Q: How did your interest in consumer behavior and motivation develop?

Szu-Chi Huang: After receiving my undergraduate degrees in Business and in Financial Law from National Taiwan University, I pursued a career in advertising. While I enjoyed early success in the advertising industry, I found many managerial decisions puzzling. There are many things we don't know about consumers, such as what motivates them to make a purchase, to pursue a goal, to make donations etc. Therefore, after a few years working in the industry, I decided to pursue a PhD degree and conduct research to answer my questions related to consumer behavior and motivation.

Q: Could you give us a brief introduction to your research on “motivation in different stages of goal pursuit”?

Szu-Chi Huang: Through various projects, my collaborators and I examine the changes in the determinants of consumer motivation in different stages of goal pursuit and their impact on consumers' behaviors. When people first begin to pursue a goal, they are less certain about how to approach the goal and whether they can even attain the goal; however, after they have made a significant amount of progress and are getting near the end point of the pursuit, these uncertainties are alleviated, and they focus more on reducing the remaining discrepancy to attain the goal in a timely manner. Because of this switch in people's concerns during the course of goal pursuit, people are in turn motivated by different types of feedback and interact differently as they move from early stages to later stages of the pursuit.

 

Q: How does understanding motivation change help the motivators and consumers?

Szu-Chi Huang: Our findings provide valuable insights for marketers and organizations that aim to motivate consumers. By choosing the appropriate goal structure for consumers, providing relevant feedback that answers their concerns at the moment, and implementing relevant social infrastructures, organizations can continue to motivate consumers as they advance across various stages of goal pursuit.

Q: In what field/areas do you anticipate seeing the most impact from your research?

Szu-Chi Huang: Our work has important implications for rewards programs and loyalty programs, pro-social events (donation drives, fundraising), and joint goal pursuit programs such as weight-loss programs and smoke-cessation programs.

Q: Describe your research and its connection to China?

Szu-Chi Huang: My research focuses on what motivates people to pursue their goals. I conducted field study in a Chinese dining hall to capture people's food consumption behaviors. I've also collected charity data from China. We found that what motivates people from different cultures may be different -- while Chinese people may be more motivated by temporal impact such as leaving a legacy, US donors are more motivated by scale-based impact. In addition, we suspect that they are motivated to eat different types of "healthy" food, as defined by culture; we are still analyzing the data for this part.

Q: Why did you decide to apply for an SCPKU Faculty Fellowship?

Szu-Chi Huang: I wanted to collect data in China, and also start building collaborative relationships with scholars in China.

Professor Huang's presentation at SCPKU (Photo courtesy of Lili Li)

Q: How valuable was SCPKU's team in supporting your fellowship at SCPKU?

Szu-Chi Huang: Extremely valuable - they provided a nice office equipped with great IT as well as research and staff supports. Also, I had the opportunity to interact with faculty from other departments for collaborations.

Q: What were your fellowship objectives and were they met?

Szu-Chi Huang: My fellowship objectives were to conduct research and collaborate with scholars in China -- they are all successfully realized. SCPKU helped me achieve my objectives by providing facilities and support, but also giving me the flexibility to visit other departments (e.g., the management school) and work with the scholars there as well as in other schools.

Q: What did you learn during your stay and what were the most interesting experiences you had?

Szu-Chi Huang: My stay was wonderful. Chinese scholars are extremely productive and have great connections with the industry for field data. Also, the business environment in China is very different from the US -- it has its own infrastructure and culture. I would encourage my students to visit China and observe these differences themselves. This experience also inspired me to start developing a course that could capture and communicate these important insights and differences.

Q: List at least THREE words that come to mind which best describe your experience at SCPKU.

Szu-Chi Huang: Unique, creative, productive.

Q: Any future plans in China?

Szu-Chi Huang: I'd like to visit again in summer as well as next year, to further cultivate the research relationships I've built during this trip.

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Stanford's Graduate School of Business is returning to SCPKU for its third year this fall to run Stanford Ignite, a part-time certificate program in innovation and entrepreneurship.  The program will run from September 2 - November 13, 2016 with classes held on Friday evenings, Saturdays and Sundays at SCPKU. The Stanford Ignite-Beijing program teaches exceptional individuals to formulate, evaluate, develop, and commercialize their ideas into viable business plans. Participants include entrepreneurs, graduate students, and innovators from companies such as Microsoft, Hanergy, Youku Tudou, Jumei.com, Z-Park, Infosys, Amazon, and FocusEdu. For information on eligibility, tuition, and to view a sample schedule, visit the program website. The Round 1 application deadline is May 11, 2016 and interested parties can register for a program information session at SCPKU on April 9.

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Graduate Student - Management Science and Engineering
SCPKU Pre-Doctoral Fellow, January-April 2016
wesley_koo_headshot.jpg

Wesley is a PhD candidate at the Stanford Technology Ventures Program. In his research, he strives to understand how digitization affects strategy and entrepreneurship. His dissertation examines seller strategies on digital platforms, with special attention devoted to how sellers' offline environments drive their online behavior and platform success. He employs sophisticated quantitative methods to analyze seller-level data acquired directly from Alibaba, complemented by rich interview data collected over a period of three years. Prior to Stanford, Wesley was an entrepreneur at a hardware startup and a high-frequency trader. He holds two bachelor's degrees in environmental engineering and finance from MIT.

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