As Tai-Pan of the Noble House, I made the decision to relocate our HQ to Europe nearly two years ago. Since then the wisdom of my decision has been vindicated by the situation back East; rising pollution, high speed railway related demolition and the like have made business in HK less and less profitable. Discussing the matter with fellow Tai-Pan and Entrepreneur Eustachian Tsang over a bottle of '84 DP on the deck of the
Flying Cloud moored off St-Tropez this weekend, it seems
other firms are now thinking of following suit. Not that I can blame him with conditions developing there as they are. I would welcome my old sparring partner to the shores of Europe; there's just not the competition here and no-one understands
Hong Kong Rules.
I raised a toast with Tsang to the introduction of some decent competition in Europe, and as the sun beat down onto the clear blue waters (no plastic flotsam here, note), I really did not miss the throngs of mainland tourists that were not on the beach.
2 comments:
Hi excellent post. Here is a link to a post I did on some business lessons from your good self :)
http://cloudsourcesolutions.com/?p=197
Do you feel you may have missed out on some of the attractive real estate and other investment opportunities that have arisen in the past two years in Hong Kong? After all, both the Hong Kong and mainland China markets have demonstrated considerable recovery since your relocation to Europe?
- Paul Choy, Jr.
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