Many of the first generation of Chinese private businesses from the 1980-90s will not survive into the second generationhttps://twitter.com/ftchina/status/940810649332011009 …
I actually think this is not right. I know a ton of successful Chinese businesses where the next generation has successfully taken over. I don't know a single business that has given up as a result of the next generation. Taiwan, however, is a different story.
