Winning Together in the World — Top Ten Wealthy Families in the East

Author: Zhang Junjie, Editor-in-Chief
Publisher:
Publishing Date: Not Available
Features: American scholar Ken Gersick said in his book "Family Business Succession" that "Over 80% of businesses worldwide are family-owned, including both renowned global giants like Walmart and investment industry leaders like Fidelity Investments, as well as small grocery stores operating in solitude." According to data, at least 90% of non-public-owned enterprises in mainland China are family-run. Overseas Chinese have relied on this model to rapidly rise and become an undeniable economic force on the international stage in just a few decades. Amid the tide of the market economy, the rise of wealthy families in China is an inevitable phenomenon. However, after experiencing a period of entrepreneurial prosperity, wealthy family businesses now face new challenges: how to embark on a second or third wave of entrepreneurship, how to turn family businesses into century-old enterprises, and how to enable the successors of wealthy families to surpass their predecessors.