Letter From the Field - China
12.12.25
Dear Reader,
We had the opportunity to meet with company management, visit manufacturing facilities, and speak with local experts across Beijing, Shanghai, and Hangzhou—gaining firsthand insight into how these businesses operate and where the country stands today.
The trip deepened our understanding of China's governance system, the dynamics between central and local authorities, and how these shape business opportunities. We witnessed extraordinary manufacturing capability and automation that has positioned Chinese companies as indispensable links in global supply chains. Beyond validating our existing positions in Alibaba and BYD, we uncovered H World, a hotel operator with a compelling business model positioned to benefit from the government's push toward domestic consumption.
