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The Stanford Program on Regions of Innovation and Entrepreneurship (SPRIE) of the Stanford Graduate School of Business hosted a China 2.0 Forum in Beijing on Friday, April 12,  2013 at the Stanford Center at Peking University (SCPKU). 

Gary Locke, U.S. Ambassador to the People's Republic of China, delivered the opening keynote on "China and the Global Digital Economy," and Joseph Chen, Chairman and CEO of Renren, Inc., delivered the closing keynote on multiplying your impact in business and philanthropy.

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Left to right: Hans Tung of Qiming Ventures, Annabelle Yu Long of Bertelsmann, DONG Lu of La Miu, and Ming LEI of Kuwo, Inc. engaged in the "Fueling Firm Growth: VC & Entrepreneur Dialogue" panel discussion.

While ample capital was raised in recent years, China's VC and PE markets are now facing a flight to quality. Exits are constrained both in China and abroad. At the same time, rapid changes in social, mobile, analytics, and cloud are changing the landscape for business models and strategy. Which ideas and entrepreneurs in China will break out and why? Will the shift to mobile platforms challenge incumbent players and unlock a new generation of digital economy powerhouses? How are developments in China connected with the global digital economy?

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ZENG Ming of Alibaba Group (left) and Alex Cheng of Baidu (right) speaking on "Big Data: A New Frontier."

This invitation-only event brought together current and rising leaders from China’s tech, entrepreneur, and investor communities to discuss these questions and more in the following three sessions:

  • "Big Data: A New Frontier"
  • "Mobile Apps: The Next $100+ Billion Market?"
  • "Fueling Firm Growth: VC and Entrepreneur Dialogue"

The panels and interactive discussions included founders, senior executives or leaders from Alibaba, AppAnnie, Baidu, Bertelsmann, Evernote, GSR Ventures, Kuwo, La Miu, Qiming Ventures, RedAtoms and Stanford University. The audience included leaders from the fields of tech, investment, law and academia, including many Stanford alumni not only from Beijing, but also Shanghai, Hong Kong and beyond. Also present were journalists from publications ranging from the Wall Street Journal to the Chinese Business Journal.

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Left to right: Richard Lim (moderator) of GSR Ventures, Amy Gu of Evernote, David Liu of RedAtoms, and Junde YU of App Annie engaged in the "Mobile Apps: The Next $100+ Billion Market?" panel discussion.

Attendees were also briefed on a recent Stanford University study on alumni entrepreneurship, and China 2.0 Forum co-chairs Marguerite Gong Hancock, Associate Director at SPRIE, and Duncan Clark, Senior Advisor to SPRIE, announced new research led by SPRIE on entrepreneurship patterns in China.

The China 2.0 Beijing 2013 Forum was supported by the generous contributions of Platinum Sponsor GSR Ventures, Gold Sponsor Tencent, and the following Silver Sponsors: Alibaba Group, App Annie, Baidu, CIB Productions, Qiming Venture Partners, and RedAtoms.
 

China 2.0 is a research and education initiative led by SPRIE at the Stanford Graduate School of Business focusing on the drivers and dynamics of the rise of China’s internet industry and its global implications. China 2.0 is a bridge between Stanford/Silicon Valley and China, academia and industry, and current and next generation entrepreneurs on both sides of the Pacific.
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The lost decades for China in the 1950s, 1960s and 1970s look remarkably like the lost decades of Africa in the 1980s and 1990s. Poor land rights, weak incentives, incomplete markets and inappropriate investment portfolios. However, China burst out of its stagnation in the 1980s and has enjoyed three decades of remarkable growth. In this paper we examine the record of the development of China’s food economy and identify the policies that helped generate the growth and transformation of agriculture. Incentives, markets and strategic investments by the state were key. Equally important, however, is what the state did not do. Policies that worked and those that failed (or those that were ignored) are addressed. Most importantly, we try to take an objective, nuanced look at the lessons that might be learned and those that are not relevant for Africa. Many parts of Africa have experienced positive growth during the past decade. We examine if there are any lessons that might be helpful in turning ten positive years into several more decades of transformation.

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Center on Food Security and the Environment, Stanford University
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Scott Rozelle
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In this session of the Shorenstein APARC Corporate Affiliate Visiting Fellows Research Presentations, the following will be presented:

 

Niranjan Acharya, "Follow-on Biologics - Oppoertunities and Challenges in the U.S. Market

The pharmaceutical market in the United States is the largest in the world.  Currently, the percentage of GDP spending towards healthcare is the highest and is expected to be on the rise in coming years.  As a result, it is imperative to look for avenues to reduce the burden on the system. 

When compared to the overall pharmaceuticals market, biologics though, garner a minuscule share in prescriptions.  However, this equates into 15% of the market value, which is high compared to the number of prescriptions.  In his presentation, Acharya suggests biologics as one of the options to reduce the cost of healthcare spending and attempts to understand the overall opportunities and challenges for follow-on biologics in  the United States.

 

Xiaoyuan Shi, "Emerging Trends of Internal Audit in Risk Management"

The business world is becoming increasingly complex due to new, evolving and emerging risks.  Organizations are giving risk management more consideration, internal auditors are finding they can play important roles in risk management and may become a powerful promoter of enterprise risk management practices.  How can internal auditors shape their future?  In her presentation, Shi will introduce current internal audit activities and provide some insight into the direction of how internal auditors expect to perform in the coming years.  Shi will also provide her analysis of what is and what should be the role of internal audit in risk management. 

 

Guoqiang Zhao, "What Can China Learn from the U.S. Financial Crisis?"

The 2007-09 financial crisis triggered by the burst of the housing bubble proved to be the worst since the Great Depression of the 1930s.  As boom and bust repeated periodically, Zhao has tried to find out the vulnerabilities in both the private and public sector that caused this recent crisis to be so devastating.  Zhao shares recommendations for the reform of the Chinese financial system. 

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Niranjan Acharya Speaker Reliance Life Sciences
Xiaoyuan Shi Speaker Industrial and Commercial Bank of China
Guoqiang Zhao Speaker Industrial and Commercial Bank of China
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In this session of the Shorenstein APARC Corporate Affiliate Visiting Fellows Research Presentations, the following will be presented:

 

Sanat Deshpande, "Best Practices in Pharmaceutical Supply Chain Management"

The pharmaceutical supply chain is very complex and highly responsible to ensure that the right drug reaches the right person at the right time in the right condition to meet the medical needs to fight against disease.  Anything less than 100% service level is unacceptable.  The pharmaceutical industry is facing a series of challenges such as counterfeiting and cold chain management.  In addition to these challenges, developed countries like the United States are also dealing with the patent cliff and healthcare reforms.  There is a growing oversight by the regulatory authorities across the world to ensure patient safety when it comes to pharmaceuticals.  In his presentation, Deshpande will discuss the growth of the pharmaceutical industry focusing on the challenges faced by the supply chain and key areas where companies can improve for the future.

 

Ryo Masuda, "What Can the Cable TV Industry Learn from the Strengths of Over-The-Top Providers"

One of the biggest concerns for the cable TV (CATV) industry in the United States has been the competition with Over-the-Top providers (OTT).  OTT providers like Netflix and Hulu have been successful in penetrating its service in recent years by providing customers with TV content over the internet for a cheaper monthly flat rate.  Masuda has analyzed the current fundamental differences in service strategies of CATV and OTT providers and their customer behavior. In his research presentation, Masuda tries to answer the question – “Can the CATV industry really compete with OTT providers and what can we learn from those strengths to develop services in the future?” 

 

Wei Shi, "A Comparison Between the U.S. and China's Credit Card Markets - The Englightenment to the Development of ICBC's Credit Card Business"

Based on a statement of the basic information of China’s credit card market development and a comparison to that of the United States, Shi has researched the main problems that China’s credit card industry currently faces.  He has focused especially on the case for the Industrial and Commercial Bank of China (ICBC) by studying market conditions, credit environment, management risks, and regulatory policy, as well as the reasons and causes of these conditions.  Based on his findings, Shi proposes suggested solutions that will help to further develop the credit card business at ICBC. 

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Sanat Deshpande Speaker Reliance Life Sciences
Ryo Masuda Speaker Sumitomo Corporation
Wei Shi Speaker Industrial and Commercial Bank of China
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How do we know that a person is what she claims to be? Or how do we make others believe that we are the person that we claim to be? Sociologists have explored these questions by focusing on face-to-face interaction in various everyday settings. This talk concerns the micropolitics of identification in a more formalized and institutionalized setting, specifically in immigration proceedings. Drawing on the literature on bureaucracy, presentation of self, migrant sending communities, and deviance, the speaker examines how immigration bureaucrats seek to establish migrants’ identities in contemporary immigration proceedings; how migrants challenge these dominant identification practices, notably through their involvement in various “illegal” schemes; and what consequences these micropolitical struggles have for both receiving and sending states. The talk is based on a study of the contestations over family-based immigration in South Korea, which have focused on efforts to establish the kinship and marital status of co-ethnic migrants from China (Korean Chinese migrants). The speaker will show how bureaucrats and migrants mobilize various types of “identity tags,” how migrants combine strategic and moral reasoning as they engage in these micropolitical struggles, and how these struggles influence not only immigration policies in the receiving state but also migration brokerage networks and gender and family relations in the sending states. The talk is based on Kim’s award-winning article in Law and Social Inquiry.

Jaeeun Kim is a postdoctoral fellow at the Shorenstein Asia-Pacific Research Center at Stanford University (2012-2013). Before joining Stanford, she received her PhD degree in sociology from UCLA (2011) and was a postdoctoral research associate at the Center for the Study of Religion at Princeton University (2011-2012). Her dissertation entitled Colonial Migration and Transborder Membership Politics in Twentieth-Century Korea examines diaspora politics in twentieth-century Korea, focusing on colonial-era ethnic Korean migrants and their descendants in Japan and northeast China. Her dissertation has recently been awarded the Theda Skocpol Best Dissertation Award from the Comparative-Historical Sociology Section of the ASA. Kim’s work has appeared in Theory and SocietyLaw and Social Inquiry, and European Journal of Sociology. Her article in Law and Social Inquiry, entitled “Establishing Identity: Documents, Performance, and Biometric Information in Immigration Proceedings,” has won the graduate and law students best paper award in 2011. After completing her fellowship term at Stanford, Kim will be Assistant Professor in the Department of Sociology and Anthropology at George Mason University beginning in the fall 2013. 

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Walter H. Shorenstein
Asia-Pacific Research Center
Encina Hall, Room C332
616 Serra St.
Stanford, CA 94305-6055

(650) 724-5710 (650) 723-6530
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2012-2013 Shorenstein Postdoctoral Fellow
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Jaeeun Kim was a Shorenstein Postdoctoral Fellow at the Walter H. Asia-Pacific Research Center for the 2012–13 academic year. Before coming to Stanford, she was a postdoctoral research associate at the Center for the Study of Religion at Princeton University for the 2011–12 academic year. She specializes in political sociology, ethnicity and nationalism, and international migration in East Asia and beyond, and is trained in comparative-historical and ethnographic methods.

During her time at Stanford, Kim set out to complete the manuscript of her first book based on her dissertation, entitled Colonial Migration and Transborder Membership Politics in Twentieth-Century Korea. Drawing on archival and ethnographic data collected through 14 months of multi-sited field research in South Korea, Japan, and China, the dissertation analyzes diaspora politics in twentieth-century Korea, focusing on colonial-era ethnic Korean migrants to Japan and northeast China.

In addition, she is planning to further develop her second project on the migration careers, legalization strategies, and conversion patterns of ethnic Korean migrants from northeast China to the United States. The project examines the transpacific flows of people and religious faiths between East Asia and North America through the lens of the intersecting literatures on religion, migration, ethnicity, law, and transnationalism. She has completed ethnographic field research in Los Angeles, New York, and northeast China for this project.

Kim’s publications include articles in Theory and Society, Law and Social Inquiry, and European Journal of Sociology. She has been awarded various fellowships that support interdisciplinary and transnational research projects, including those from the Social Science Research Council, the Wenner-Gren Foundation, and the American Council of Learned Societies.

Kim was born and grew up in Seoul, South Korea. She holds a BA in law (2001) and an MA in sociology (2003) from Seoul National University, and an MA (2006) and PhD (2011) in sociology from the University of California, Los Angeles. After completing her fellowship term at Stanford, she will be an assistant professor in the Department of Sociology and Anthropology at George Mason University, beginning in fall 2013. 

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Jaeeun Kim Postdoctoral Fellow, APARC Speaker
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Shorenstein APARC postdoctoral fellowships offer recent graduates a year of “breathing space” at Stanford before they launch their academic careers. The Center annually offers multiple Shorenstein Postdoctoral Fellowships in Contemporary Asia, and a Postdoctoral Fellowship in Asia Health Policy.

Fellows polish their dissertations for publication, engage in Center research activities, and hone their presentation skills at public seminars. Most importantly, they establish valuable professional relationships that continue long after they have left Stanford. Postdoctoral fellows go on to work in top universities and research organizations around the world; many continue to contribute to Shorenstein APARC publications and take part in Center conferences.

Shorenstein APARC looks forward to welcoming its latest group of extraordinary postdoctoral fellows this autumn:

Shorenstein Postdoctoral Fellows

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Ling Chen completed her PhD in political science at Johns Hopkins University. Her research interests lie in comparative politics and political economy, especially the political origins of economic policies and outcomes in China and East Asia. Chen’s current research project examines the development consequences of local bureaucrats’ manipulation of central industrial policies in China. She holds an MA in political science from the University of Toronto, and a BA in political science and economics from Peking University.

 

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Michael Furchtgott is an economist interested in corporate finance and governance. His current research investigates Japanese corporate restructurings and the behavior of firms and lenders when financial distress arises. Furchtgott is completing his PhD in economics at the University of California, San Diego, where his research on corporate financial restatements has demonstrated that firms frequently circumvent laws designed to protect investors. He holds a BA in economics and mathematics from Columbia University.

 

Asia Health Policy Postdoctoral Fellow

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Margaret (Maggie) Triyana’s main research interests are inequality and human capital investments in developing countries. In particular, she is interested in the effects of social policy changes on children’s health outcomes. At Stanford, she will analyze the impact of rural-urban migration in Indonesia and China, as well as the effects of health insurance expansion in Indonesia and Vietnam. Triyana will receive a PhD in public policy from the University of Chicago in 2013.

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Stanford students pose outside of Encina Hall for a photo.
Stanford students pose outside of Encina Hall for a photo.
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Jon Lindsay Research Fellow Speaker IGCC
Timothy Junio Cybersecurity Fellow Speaker CISAC
Jonathan Mayer Cybersecurity Fellow Commentator CISAC
Andrew K. Woods Cybersecurity Fellow Commentator CISAC
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Professor Ezra Vogel, Henry Ford II Research Professor of the Social Sciences, Emeritus, at Harvard University and former Director of Harvard’s Fairbank Center for East Asian Research and the Harvard University Asia Center

Professor Qin Hui, Professor of History, Tsinghua University

Professor Andrew Walder, Denise O'Leary and Kent Thiry Professor, Department of Sociology, Stanford University 

Date:               Tuesday, April 23, 2013

Time:              10:15 am – 12:00 pm

Venue:            Stanford Center at Peking University, Langrun Yuan, Peking University

Language:      Chinese/English simultaneous translation will be provided. 

Deng Xiaoping, one of the most important figures in modern Chinese history, was instrumental in China’s economic reconstruction following the Great Leap Forward in the early 1960s.  As the architect of China’s post-Mao path of economic reform and opening to the outside world, his legacy continues to shape the country’s present and future.  Ezra Vogel, Henry Ford II Research Professor of the Social Sciences, Emeritus, at Harvard University and former Director of Harvard’s Fairbank Center for East Asian Research and the Harvard University Asia Center, will talk about Deng Xiaoping and the Transformation of China, which has just been published in Chinese.  Professor Qin Hui, a leading historian and public intellectual will join Professor Vogel in a dialogue on “The Deng Xiaopeng Era: Historical Transformation and the Shaping of China’s Present and Future”.  The event will be moderated by Professor Andrew Walder, Stanford University Professor of Sociology and specialist on modern Chinese society and politics. 

Stanford Center at Peking University

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