Terry Semel, CEO of Yahoo, Shares an Anecdote (part 1)
Submitted by Bill Belew on Sunday, 30 April 2006No Comment
Terry Semel, CEO of Yahoo recently shared a few anecdotes that, I think, speak volumes about business in China.
He told of a time that he visited China when he was still CEO of Warner Brothers There was a point when they were negotiating the establishment of theaters in China where they could show Warner Bros. flicks.
He said about the Chinese when they came to the table, "the Chinese knew more about Warner Bros. movies than I (Terry Semel) did."
How believable this is. To be sure, if you want to do business with China, you must do your homework, because you can be sure the Chinese side will do theirs.
Has the reader had a similar experience when doing business with China?
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