The most recent issue of "That's Shanghai" published a collection of stories that are well worth the read for anyone that is interested in doing business in China.
10 tips
http://www.thatsmags.com/shanghai/article/1610/10-tips-for-doing-business-in-china
A 30 million dollar hoax involving a company listed on the NASDAQ. The lesson here is that you simply cannot be cautious enough when entering into a deal.
http://www.thatsmags.com/shanghai/article/1607/daniel-smith-investment-manager
A guy from Hong Kong has to learn new ways of conducting business when in Shanghai
http://www.thatsmags.com/shanghai/article/1608/georgie-yam-massage-mogul
Shanghai Sherpas (http://www.sherpa.com.cn/) is wonderful for western visitors. Go to the website, pick the restaurant, pick the food, pay $1 delivery fee + regular menu prices and 20 minutes later...dinner! But the founder has had difficulty getting traditional Chinese restaurants to work with him.
http://www.thatsmags.com/shanghai/article/1606/mark-secchia-delivery-doyen
High profile restaurant on The Bund. Winning awards for 7 consecutive years, and then....gone. No warning, no real details shared (see rule #10)
http://www.thatsmags.com/shanghai/article/1604/david-laris-chef-restaurateur
There were 3-4 more stories in the January issue, but these were the ones I found the most interesting.
Overall Shanghai is an incredibly competitive place, creating many unique challenges, opportunities and surprises. It is a tremendous place for those of entrepreneurial spirit, or who enjoy a more....fluid...set of business rules. The landscape changes quickly as new sky scrapers emerge (usually in groups of 3, 6 or 8 identical buildings) and new waves of migrant workers come from the countryside looking for a better life.
Sometimes business can move too quickly....
http://chinadigitaltimes.net/2009/06/nearly-complete-13-story-building-falls-in-shanghai-one-worker-dead/
More photos: http://www.google.co.uk/search?q=shanghai+building+falls+over&hl=en&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=kWMtT8WIIKfk0QHbyomRBA&ved=0CEEQsAQ&biw=1087&bih=511
Wow...amazing. That bldg collapsing is scary stuff.
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