Ever wondered what it's really like to run a business in China? From surviving the early 2000s recession to building innovative platforms, learn how these two seasoned Singaporean entrepreneurs spent over a decade building their ventures in the world's second-largest economy. Expect raw, unfiltered insights about the real challenges, unexpected opportunities, and what it truly takes to succeed in China's fast-paced business environment. Guests:
- Roy Lin, Founder, GenTM — 13 years in Shanghai, social entrepreneur focusing on connecting master tailors globally
- Keith Ng, Founder, Emilica Homes — 22 years in Kunshan—runs a furniture manufacturing business with 200+ employees
Key highlights from our conversation:
- The unexpected journey that turned a two-year China stint into a decade-plus adventure
- Why some Singaporean entrepreneurs are still finding unprecedented opportunities in China's evolving economy
- Raw truths about running a business in China—from late-night negotiations to navigating complex regulations
- A fascinating new venture to revolutionize the global tailoring industry
- Compelling insights about China's intense work culture and what it means for aspiring entrepreneurs
Whether you're an entrepreneur eyeing the Chinese market, curious about international business, or interested in understanding the real story behind China's economic transformation, this episode offers authentic perspectives from someone who's lived it firsthand.
What We Discuss:
- 00:54 Introducing Roy Lin, Founder of GenTM
- 01:59 Introducing Keith Ng, Founder of Emilica Homes
- 08:33 How affordable is the cost of living in Kunshan?
- 16:48 Are the costs different or similar across the zones?
- 22:38 Does the trade wars affecting the quality of life?
- 24:38 How does the labour law works in China?
- 29:28 With the difficulties of living in China, Why would you still stay?
- 32:58 For the upcoming entrepreneur, how do you encourage them?
- 36:18 Despite all the struggles, is it truly worth it?
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