#business #China #diversify
Ng Chong Lam of Penang-Based Ng Eng Kee & Sons: Diversify, Integrity, China!
From the Do More podcast, some extremely useful China- and business lessons from a profitable, multi-generational private business that has existed since the 1930s.
Advice such as, what it takes to gain the trust of the Chinese Communist government, communism and hierarchies in China, America’s jealousy of China and the many ways where Chinese business methods differ from America’s.
The NEK Group’s founder, the late Ng Eng Kee, was born in Taiping, Perak, Malaysia in 1925, helping his father, the late Ng Chong Geng, to establish manufacturing and trading companies which specialised in rubber, palm oil and petrochemical products.
The move to China and other overseas markets began In the 1970s and continues until today with new businesses in real estate and manufacturing.
(Vistage Malaysia engaged Do More to conduct this interview. Vistage is the world’s largest CEO coaching and peer advisory organisation for small and midsize business leaders, with over 27,000 members worldwide.)
CONTENTS:
01:06 – Diversify, Have Integrity, Do Good and Keep Cash
02:37 – Growth Industries?
04:01 – Private Business, External Shareholders
04:40 – Many Ways to Invest!
04:56 – Interesting Markets?
06:56 – What of the Malaysian Economy?
08:13 – Advice to the Entrepreneur
09:21 – Advice for a Successful China Expansion
14:19 – How China’s Business Methods Differ from America’s
17:13 – Communism and Hierarchies in China
18:26 – America’s Jealousy of China
19:52 – A China Partnership is Essential
20:54 – Four Success Tips
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Follow Chong Lam and the NEK Group here:
URL: https://www.nekgroup.com.my/about
LinkedIn: https://www.linkedin.com/in/chong-lam-ng-3b41ab1/
Vistage: https://vistage.com.my/better-boss/
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Follow Chuang here:
URL: http://www.domore.my/
LinkedIn: https://www.linkedin.com/in/hsu-chuang-khoo-ab199343/
FB: https://www.facebook.com/khoo.chuang/
IG: instagram.com/khoohsuchuang/
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Follow DoMore here:
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