Forget Big Tech: China’s new motto for ‘little giants’ is stay small and don’t stray

Source: Tech – South China Morning PostMany Chinese businesses have long lived by the motto “zuo da zuo qiang”, or “become big and strong”. A company in need of consolidation may put “strong” ahead of “big”, but getting big remains the ultimate goal.The strategy of seeking scale has been popular because it fits China’s economic and business environment in recent decades. Bigger businesses are often better positioned than smaller ones not only to grab more market share, but also to secure favourable policies, bank credit and…Read More

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