Tag: Lao Gan Ma
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Succession Challenges in Chinese Enterprises
In recent years, there has been a trend of older entrepreneurs, predominantly born in the ’50s, ’60s, and ’70s, returning to active roles in their businesses. This phenomenon, notably prevalent in China, highlights the challenges of succession and adapting to market changes. The concept of ‘second entrepreneurship’ has emerged as a response to these challenges,…
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Tencent applied to a Chinese court to freeze Lao Gan Ma’s assets
Chinese social networking giant Tencent has applied to the court to freeze 16.24 million yuan (about $2.3 million) in assets of companies related to Lao Gan Ma in a lawsuit, Sina reported on June 30, 2020. This is a very interesting event because Tencent is the largest social network company in China, while Lao Gan…
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Why is Lao Gan Ma no longer *hot* in China?
Whether in China or overseas, Lao Gan Ma is undoubtedly one of the most famous Chinese sauces. If you only talk about the chili sauce field, Lao Gan Ma’s popularity must be number one. As a Chinese seasoning that has never focused on overseas markets, Lao Gan Ma(in Chinese this brand means your Godmother) has gained…
