Navigating Entrepreneurship in China and Indonesia : Cultural and Economic Perspectives

The event began at 09:34 with an opening session led by Mr. Teddy Saputra as moderator, presenting material on the similarities between business cultures in China and Indonesia. The session was delivered by the speaker Matthew, also known as Zhang Hongqiang, in English, with translation assistance from Mr. Teddy.

Business practices in China are largely based on collectivism, emphasizing collaboration with other companies. The borrowing of family assets to develop an individually established business is a common practice and part of the business culture. In China, relationships play a crucial role in the business world. Building a business also requires recognizing opportunities for establishing such relationships through social interactions and other means.

During the session, participants were invited to share personal opinions regarding opportunities they encountered while building their businesses.

In Indonesia, approximately 96% of businesses are family-owned. Strong family bonds and a high level of trust are key benchmarks for maintaining stability and loyalty in business relationships. Additionally, the Chinese business philosophy of "The Trend of The Time" signifies that companies must adapt to trends in line with the times to remain competitive.