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Weatherock Weatherock Presentation Transcript

  • File: WRC-ChinaExperience-080402 “ A China Experience” By John Chan, CEO Weatherock China Ltd 4 April 2008
    • Contents
    • Brief Introduction
    • Investment & Development Strategy
    • Investments to-date
    • Lessons Learned
  • Brief Introduction
    • WFOE in China of Weatherock Pte Ltd of Singapore
    • Private funds for investing in China
    • Shareholders have extensive international business experiences
  • USA Middle-East Iran Southeast Asia Central Asia Russia Europe Scandinavia Pacific Islands China Japan Team has direct business development & management experiences in many countries worldwide … global local knowledge International Experiences Australia
  • Brief Introduction
    • WFOE of Weatherock Pte Ltd of Singapore
    • Private funds for investing in China
    • Shareholders with extensive international business experiences
    • Why China?
  • Why China?
    • Massive market – population of 1.3B ; relatively homogenous
    • Fastest growing economy in the world – epicentre of global economic growth; average annual growth rate of about 9.5% in past 2 decades
    • Still emerging with growing affluence
    • Purchasing power parity over US$ 7 trillion
    • 220M internet users in 2007 (about 600,000 in 1997); >23% mobile
    • 530M mobile users in 2007 (about 270M in 2004) spending ~US$70B
    • Healthcare spending over US$ 100B annually
    • 25M privately owned motor vehicles (increase ~18%) in 2007
    • Boeing predicted in 2007 that China will need 3,400 airplanes worth US$340B over next 20 years
    • Investments in real estate in 2007 is about US$ 300B
  • Brief Introduction
    • WFOE of Weatherock Pte Ltd of Singapore
    • Private funds for investing in China
    • Shareholders with extensive international business experiences
    • Why China?
    • Mission in China :
    “ To turn our $1 into $100 within 5 years ”
  • Investment & Development Strategy
    • Criteria (“look for gems”)
      • - Local Mass Markets
      • - Growth Industry
      • - Unique Value (niches)
      • - Scalability (network)
      • - Entry Barrier (knowledge)
    • Portfolio
      • - Objectives & Criteria
      • - Resources – Cashflow & Gestation
      • - Entrepreneurial & Opportunistic
    • Modus Operandi (“Local Knowledge, Local Resources, Local Markets”)
    • Bridge & Connect
    • IPO
  • Investment & Development Strategy
    • ACQUIRE
    • CREATE
    • PARTNER
    • TRANSFORM
    • DEVELOP
    • GROW
    • Leadership
    • Management
    • Technology
    • Strategic Development
    • Financing
    Inputs Sustained Profitability • Network Across China • Growth Engine • Growth Potential • Leadership Position • Values Local Mass Markets • Growth Industry • Unique Value (niches) • Scalability (network) • Entry Barrier (knowledge) • Criteria
    • CONSOLIDATED
    • IPO READY
  • Reviewed, discussed & negotiated over 400 companies, businesses, start-ups or investment proposals … invested in 6 : Investments To-date PanXin Mobile Social Platform Web 3.0 Platform (“Your Home On The Web”) Property Development & Investment Property Development … plus 2 lessons learned
    • Wanzhou “Riverfront” Project
    • Wanzhou “Ancient City” Project
    • Chengdu Bangkok Gardens Project
    Yangtze River Yangtze River Development Strategies for Property Business :
    • Local knowledge, local markets
    • Captive Market Positioning (“niches”)
    • Target 3 rd and 4 th tier cities
    • Create network of “local partners”
    • Growth by M&A
    • Consolidate & IPO
    3
    • “ CHALLENGES ”
    • Language
    • Cultural
    • Political
    • Environmental
    • Transparency (“information-deficiency”)
    • Consistency in laws & regulations (“planning impediment”)
    • Bureaucratic governmental agencies (“defy logic”)
    • Complicated & excessive taxation system (“dual-book system”)
    • Unstructured business & industry practices
    Lessons Learned Caveats : 1) Personal perspective 2) Linked to Weatherock’s circumstances
    • “ PERCULIARITIES ”
    • Propriety (“selective & effective sizing”)
    • Copy cats (eg: Starbucks, KFC)
    • Legal redress (long & tedious process with uncertainties)
    • Timing (market readiness)
    • Resistance to exposure
    • Local intents (objective time-frame)
    • Local staff (eg: integrity, loyalty & ability; “team building”)
    • Local values, aspirations & mindset
    Lessons Learned (cont’d)
    • Some Success Factors
    • Local Presence
    • Have the best man or team on the ground
    • Local industry knowledge
    • Local network & business relationship
    • Effective management of local contents & resources
    • Captive market positioning (“niches”)
    • Financial resources
    • Staying power
    • Flexibility (“adaptive strategy”)
    Lessons Learned (cont’d)
  • Q&A Thank You      If we could be any assistance in your efforts to penetrate China, please feel free to contact me Mobile : +86-139 80952914 Email : [email_address]