1) Several large Chinese family-owned conglomerates such as Fuyao Glass, Sinopec, TCL Corp, Haier Group, Huawei Technologies, and Baosteel have emerged as influential global players in recent years.
2) Chinese family businesses benefit from networking and reciprocal obligations between family members, allowing them to mobilize resources through guanxi more effectively than traditional firms.
3) Studies find Chinese family firms rely on networks to gain competitive advantages, with family control of operations allowing quick decision-making and more flexibility than non-family firms.