This is in fact brilliant that by staying with the ‘indigenous population’ in Hong Kong, I don’t have access to ‘proper’ internet (yes, I am doing the honoured tradition of Chinese, respect and spend time whenever I can with my grandpa, who is currently 80+ yrs old).
It is surprising to see how ‘difficult’ to access internet. Yes, it may have some freely available at the local library, but sadly, due to some settings incompatibility (I presume), I cannot connect, and am not suppose to ‘call’ from library for support..
Long story short. I have time to prepare this blog post, which is based on my last week spent in Taiwan.
Thanks to TBBC (Taiwan Britain Business Council)’s invitation, I followed the financial track and met with some key guys in Taiwan, and also based on my personal contacts (& their introductions), I also met with people from Media (television), Telecoms (regulator) and others (including people on the streets, markets etc.)
My observation is that (I might be wrong, if so, pls do email me your feedback/leave comments below) Taiwan has been very successful in the last twenty years as OEMs/ODMs providers for the electronics/manufacturing industries in rest of the world. Most other industries has been devised to provide support for these major corporations (services in support, financial firms, insurance firms etc.)
Majority of the market is in fact mid-smaller size firms which services the local industries and consumers, which maybe the reason why in some ways, Taiwan has been sustainable on its own despite the major negative effects in key countries due to the worldwide economic downturns.
I have noticed the potential opportunities in Taiwan include:
• Art appreciations (once adopted, then move to preservation & restorations)
• Next generation entertainment (other than soap opera on TVs, probably interactive via multi-channel)
• Sophisticated financial instruments/markets (enabled & encouraged by new regulations)
• Re-positioning of well honed manufacturing capabilities (reposition & DELIVER on higher quality ‘made in Taiwan’ perception, maybe via branding, Joint-ventures or aggressive acquisitions or combination of above)
• Absorbing Japanese ideas/practices and put on ‘Chinese’ stance for the rest of the world
• Change the rules and position Taiwan as ‘hub’ for foreigners to invest via Taiwan into China (new Hong Kong)
I aim to be back sooner, rather than later.
@GarethWong
http://www.linkedIn.com/in/garethwong