The conglomerate built by Liu Chuanzhi, the chairman of Legend Holdings is closer to its American and European counterparts than to Asian business groups. Peter Williamson of Cambridge University’s Judge Business School notes that, somewhat like a chaebol, Legend’s business model is about allocating capital between businesses in a place where capital markets are inefficient. “But unlike the chaebol, I think Legend is more about leveraging expertise and international experience than pools of capital.”
Read the full article [economist.com]
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