Word: yan
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...this instant Chinese empire is more than energy and frugality. Yan and his business thrive on investors in New York City; New Zealand; Fort Worth, Texas; and Nashville, Tenn.; a globally scattered network of chums from Harvard Business School; ceaseless international E-mail; cell-phone calls from a lawyer named Larry; and Yan's addiction to the jet-set schmooze fest in Davos, Switzerland, each January. "I go to Davos and can talk to Newt Gingrich," enthuses Yan, who indeed seems voluble enough to talk to anyone, quite emphatically, and at any length. "I call him Newt. And I realize...
That's the sound of a frontier being breached. The globalization of business and finance has clobbered several Asian economies in the past year, but you hear few people proposing to build up the barriers again. On the contrary: the world of business is now for the worldly like Yan, even those operating in China. "China has done so much damage to itself for 200 years," Yan mourns, "by not realizing the world is larger than it." That's a lesson he learned early--Yan first left China at the age of 17 with a borrowed $26 in his pocket...
...Richard Yan is not merely a new breed of mainland Chinese businessman--he's a member of the very first class, and one of its rising stars. His Richina Group, which didn't exist four years ago, has revenues of $270 million and 1,850 employees making leather, running a jazzy Beijing aquarium and turning out computer magazines. Yan, 34, is the driving force, and his megawattage borders on the nuclear. He works 100-hour weeks, flies only coach on business trips and flops on friends' couches to cut expenses...
...people have heard of the Richina Group yet--or, for that matter, any other company in mainland China, though it's one of the world's largest and most vibrant economies. Yan hopes to change that with a very 21st century business plan. He wants to build a pan-China corporation--Richina stands for "Rich China"--but not by hiding behind tariffs and protectionism. China is his market and the font of business opportunities; the rest of the world will deliver finance, technology, professional expertise, the copy printed in his computer magazines, and even tax shelter. (Richina is incorporated...
...Yan's journey to that address has been an amazing one. Born in the northern Chinese city of Tianjin and raised in a single room in Beijing by his father during the Cultural Revolution, Yan attended a school that was less than educational: in the afternoons, the children manufactured envelopes. In 1980, as China was starting to open to the outside world, Yan's grandfather reactivated old international links from before the 1949 communist revolution. (Granddad had founded Tianjin's branch of the Rotary Club in the 1920s.) Yan got a Rotary scholarship and was the first high school student...