国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Companies

Relentless buyer of Western brands has his sight firmly set

By Lu Haoting (China Daily) Updated: 2016-03-21 08:11

Relentless buyer of Western brands has his sight firmly set

Yuan Yafei, founder and chairman of Sanpower Group. [Photo provided to China Daily]

Sanpower Group's head honcho Yuan Yafei's sights are firmly set on malls, healthcare and precision medicine

Yuan Yafei likes to break into English words during interviews.

But the 52-year-old business tycoon started to learn English only three years ago.

The founder and chairman of Sanpower Group was little known among the Western media until he snapped up 89 percent of British department store House of Fraser in 2014 in the biggest Chinese foreign retail deal in history.

In fact, Yuan's buying spree in the past two years also includes US fancy gadget retailer Brookstone Inc and Israel's largest private healthcare and homecare service provider Natali Seculife Holding Ltd.

"When I talked to Western business partners, many interpreters could not exactly translate what I meant. So I decided to learn English myself," Yuan said.

Of course, he had no time to attend language school. Instead, he asked his 10 assistants, all graduates from the world's top 10 universities, to give a daily briefing to him in English.

"I asked questions if I didn't understand. I also asked them what the right English expression was whenever I thought of anything," Yuan said.

"I'm not afraid of losing face. One can never be successful if he or she is worried about losing face."

After studying accounting at college, Yuan worked for the local government of Nanjing, Jiangsu province. Like in the case of many Chinese entrepreneurs, Yuan's path changed because of Deng Xiaoping-led economic reforms. "To live a different way of life", he quit his job in the government in 1993 and entered the computer business at the age of 30, building "DIY"-do-it-yousets of 37 billion yuan, he was ranked last year as the 37th wealthiest person in the country in the Hurun Chinese rich list. He was ranked 92nd in 2013.

Sanpower's business covers retail, information services, medical and healthcare, finance and real estate industries. The Nanjing-based conglomerate has controlling stakes in five listed companies and more than 100 subsidiaries.

Explaining the logic behind his overseas purchases, he said: "Very simple. To serve the Chinese market.

"The Chinese market is huge enough. But we don't have enough experience. With the help of money, I can buy Western brands and technologies, which are exactly what Chinese companies lack."

Previous Page 1 2 3 Next Page

Hot Topics

Editor's Picks
...
赫章县| 广东省| 皮山县| 榆社县| 翁牛特旗| 上虞市| 上杭县| 上虞市| 乌拉特前旗| 丹棱县| 郑州市| 承德市| 金塔县| 当阳市| 邵武市| 星座| 吉隆县| 枣阳市| 任丘市| 波密县| 郎溪县| 精河县| 竹山县| 顺义区| 溆浦县| 育儿| 色达县| 湖州市| 类乌齐县| 益阳市| 伊宁市| 电白县| 盘山县| 安化县| 韩城市| 海伦市| 凤山县| 唐海县| 章丘市| 丘北县| 博野县|