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PE in China: No Foreigners Wanted
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Date: July 10th, 2011 11:13 AM Author: pearl odious mother http://www.mergersandinquisitions.com/china-private-equity/
"Foreigners, Abandon All Hope? Q: Let’s go back to why it’s so tough for foreigners in the China PE market. Do you have any foreign co-workers, or are they all locals from mainland China who worked or studied abroad and returned home? A: There are fewer than 10-15 foreigners working full-time in the entire PE industry in China, and we all know each other. Most of us have been pushed out from deal work and, like me, focus more on fundraising and investor relations. Q: OK, but I’m sure there must be a few foreigners there in high-up positions? One of our other interviewees mentioned that the MD at her firm was foreign. A: There are some exceptions. For example, a few foreigners got in 5-10 years ago as founding MDs of their firms, so they have unique positions. But the rest of us – other investment professionals – have been mostly pushed out. There was one other guy who was relocated to Asia by a major international PE shop, but he was then axed to free up the position so that a local could be brought in instead. And he was a senior officer with 10 years+ of PE experience and fluent Mandarin."
Fucking PWNED. u mad about this whytes? go back to fucking teaching English. |
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Date: July 10th, 2011 11:14 AM Author: Dark step-uncle's house nice to know china will never have a decent startup climate (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18466986) |
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Date: July 10th, 2011 11:15 AM Author: Contagious hot community account telephone (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18466989) |
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Date: July 10th, 2011 12:47 PM Author: grizzly fanboi jewess lol, OP just got mad pwn3d. u mad, orientals? (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467510) |
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Date: July 10th, 2011 1:41 PM Author: Shimmering brunch (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467906) |
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Date: July 10th, 2011 1:42 PM Author: Stubborn location knife (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467909) |
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Date: July 10th, 2011 6:10 PM Author: exhilarant pozpig THIS IS SO FUCKING CREDITED I BET "ASSLESS CHAPS" REALLY KNOWS WHAT THE FUCK HE IS TALKING ABOUT HERE. AMIRITE GUYS?????????????????? (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18470116) |
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Date: July 10th, 2011 6:11 PM Author: cerebral impressive dysfunction (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18470124) |
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Date: July 10th, 2011 6:14 PM Author: pearl odious mother not even worth replying to. China already has a great startup scene. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18470151) |
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Date: July 10th, 2011 6:16 PM Author: mahogany galvanic area tyft lol (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18470156) |
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Date: July 10th, 2011 6:21 PM Author: pearl odious mother "Innovation Works On September 7, 2009 [10] he announced details of a $115m venture capital (early-stage incubation and seed money business model) fund called "Innovation Works[11]" that aims to create five successful Chinese start-ups a year in internet and mobile internet businesses or in vast hosting services known as cloud computing. The Innovation Works fund has attracted several investors, including Steve Chen, co-founder of YouTube; Foxconn, the electronics contract manufacturer; Legend Holdings, the parent of PC maker Lenovo; and WI Harper Group.[12] In September 2010, Mr. Lee described two Google Android projects for Chinese users: Tapas, a smart-phone operating system tailored for Chinese users and Wonderpod (Wandoujia), which allows downloading from Chinese video sites.[13]"
http://en.wikipedia.org/wiki/Kai-Fu_Lee#Innovation_Works
u mad about dis? |
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Date: July 10th, 2011 6:24 PM Author: mahogany galvanic area lolol (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18470200) |
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Date: July 10th, 2011 6:32 PM Author: Dark step-uncle's house alright, if the case is that china "already has" a thriving startup scene, then why does lee believe that "they need a lot of extra coaching and guidance" (LOL) and that "risk taking is kind of a culture shock to the parents of the recruits" (MEGA DOUBLE LOL)
http://www.techstartups.com/2010/05/28/how-the-chinese-startup-scene-is-different/ |
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Date: July 10th, 2011 10:24 PM Author: Mustard Casino Double Fault (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18472657) |
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Date: July 10th, 2011 10:59 PM Author: ruddy hideous mental disorder indirect expression china is still 3rd world no matter how many sweatshops they build (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18472982) |
Date: July 10th, 2011 11:13 AM Author: Provocative henna address dopamine ty for repost (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18466981) |
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Date: July 10th, 2011 11:14 AM Author: vigorous native maybe it's time for another opium war (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18466984) |
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Date: July 10th, 2011 11:15 AM Author: mahogany galvanic area Psa: you're a foreigner to them
Hth |
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Date: July 10th, 2011 11:15 AM Author: spectacular multi-billionaire depressive titcr (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18466994) |
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Date: July 10th, 2011 11:16 AM Author: spectacular multi-billionaire depressive just not exotic like white people (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18466995) |
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Date: July 10th, 2011 11:17 AM Author: pearl odious mother bro, i speak 100% unadulterated Beijing accented Mandarin. i have powerful as fuck family connections that go back generations. so no, I'm not. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467002) |
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Date: July 10th, 2011 11:18 AM Author: mahogany galvanic area sad that these connections weren't enough for your TTT family and they had to come to the USA (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467010) |
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Date: July 10th, 2011 11:19 AM Author: White heaven (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467015) |
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Date: July 10th, 2011 11:21 AM Author: pearl odious mother you don't really know the back story behind it at all.
for one, my whole family didn't come to the US, or at least didn't stay long term in the US. |
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Date: July 10th, 2011 11:23 AM Author: Provocative henna address dopamine no one cares (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467037) |
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Date: July 10th, 2011 11:26 AM Author: pearl odious mother u mad brah? u mad that elites are increasingly choosing to stay in or return to Asia? (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467047) |
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Date: July 10th, 2011 11:41 AM Author: confused dashing deer antler http://www.youtube.com/watch?v=pEIgwJqUa4E&feature=related (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467111) |
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Date: July 10th, 2011 12:28 PM Author: Nighttime bossy stead It is hilarious that you think you are an elite. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467396) |
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Date: July 10th, 2011 12:35 PM Author: pearl odious mother my family comes from a line of generals on my mom's side and a line of wealthy merchants/business men on my dad's side, so yes, I would consider myself an elite through and through, and it runs in my blood and underlies everything that i do. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467435) |
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Date: July 10th, 2011 12:41 PM Author: sinister range kitty cat do you believe that the superior blood of your ancestors enables you to accomplish feats far beyond common men? (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467475) |
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Date: July 10th, 2011 12:46 PM Author: pearl odious mother of course. it's genetics. and it's not even that far back in history. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467505) |
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Date: July 10th, 2011 12:21 PM Author: histrionic french chef hall Unless your family members are high ranking officials in the CCP its doesnt really matter that a few of them stayed behind to farm rice bro. Basically all the monied elites in China come out of 1 of 4 universities and they all have big party ties. Without the pedigree or at least the party connections you are a shit in China. And shit is actually little different in Russia. Ex-KGB or an MGU degree and preferably both or no one will talk to you. Foreigners are only viewed as "good enough" to handle the shit paper pushing the domestics dont want to do. Western banks dont even have a shot in hell of competing -- not on the retail level or for the best of the IB work, they get scraps thrown to them when foreign policy considerations warrant throwing them some.
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Date: July 10th, 2011 12:40 PM Author: pearl odious mother there are plenty of high ranking CCP officials within the circles of our family friends.
and like i said, most of my family are not in the U.S.
I'm not one of those Chinese immigrants who had one person naturalized, and then started applying immigration for their whole extended family.
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Date: July 10th, 2011 6:50 PM Author: Nighttime bossy stead So then why do you not have an incredibly lucrative job waiting for you and why are you even considering anything other than going back to China? I call your bluff. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18470363) |
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Date: July 10th, 2011 6:55 PM Author: pearl odious mother because prior to last month, i hadn't visited Asia in quite a few years, and didn't really have any intent to seriously relocate.
i could have a job in China easily if i tapped into my connections, but it feels a little cheap. |
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Date: July 10th, 2011 12:30 PM Author: Nighttime bossy stead Then why are you wondering if you should return to Asia? Don't you have a high level position lined up through your mad connections? Isn't it a no-brainer? Doesn't all of this mean you might actually lose your virginity? (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467403) |
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Date: July 10th, 2011 7:43 PM Author: spruce laughsome personal credit line "speak" sorry about your tp illiteracy. ps. LMFAO at "unaccented" if you lived in the USA. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18470767) |
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Date: July 10th, 2011 9:51 PM Author: pearl odious mother i speak Standard Mandarin with no accent to a light Beijing accent. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18472297) |
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Date: July 10th, 2011 12:28 PM Author: Nighttime bossy stead tcr (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467393) |
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Date: July 10th, 2011 11:42 AM Author: pearl odious mother "Scrilla Killa: Foreign megafunds are definitely taken seriously in China. Bain Capital would be one example, they’ve done a lot of deals here.
That said – it’s pretty much impossible to get at a job at a megafund here as a foreigner – whether it be PE or REPE. I’ve never seen a single white guy and I’ve only seen a few ABCs — carlyle has 1 or 2 ABC kids I know of….
Almost all true foreign people are at smaller shops… and like the article said, there’s definitely less than 50 foreigners (w/ no Chinese heritage) total at all PE firms in the country. If you include REPE it’s probably a bit more than that… but I almost never meet a fellow white guy in the game over here. I met one or two spanish dudes at a European firm, but they’re being pushed into investor relations like the guy who wrote this article."
LMAO, even ABC's are getting PWNED. |
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Date: July 10th, 2011 11:45 AM Author: Provocative henna address dopamine It's not that they're getting pwned It's just that they have a supply of smart kids coming out of elite schools like Tsinghua which is like their HYP tier school and most ABC's just don't get Chinese customs (so they would seem aspie to them) |
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Date: July 10th, 2011 11:49 AM Author: pearl odious mother it's not just that. ABC's also tend to be really fucking beta and pussified because they were born into a society that desexualizes and dehumanizes Asian guys (but not ALL are beta, some are actually more alpha as a result of this, but those are in the minority). (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467151) |
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Date: July 10th, 2011 12:01 PM Author: cerebral impressive dysfunction and rightly so. your people are fucking beta as fukkkkkk.
NOWAG |
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Date: July 10th, 2011 12:03 PM Author: startled stock car liquid oxygen The preference for locals has nothing to do with ABCs being beta. You won't overcome bias against foreigners with your angry, bitter schtick. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467244) |
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Date: July 10th, 2011 12:06 PM Author: pearl odious mother i'm a fairly laid back person in person, though by nature, i'm impulsive, and more emotional than logical, but that's being tempered with age, and my years of studying the sciences. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467265) |
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Date: July 10th, 2011 12:17 PM Author: cerebral impressive dysfunction (fucking beta mad as FUUUUUUARRRRRRRRK NOWAG azn beta male) (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467332) |
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Date: July 10th, 2011 7:45 PM Author: spruce laughsome personal credit line Actually, ABCs are generally pretty alpha relative to Chinese, so this argument fails. It's more an issue of why not get a real foreigner aka blonde hair blue eyes, if you're going to have a pet foreigner, instead of some linguistically crippled Chinese dude. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18470790) |
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Date: July 10th, 2011 10:12 PM Author: pearl odious mother relative to Northern Chinese of the working class? Not a chance. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18472551) |
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Date: July 10th, 2011 11:44 AM Author: sinister range kitty cat mainland china: the last place (not counting shitholes in civil war) that most americans would ever want to live in (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467124) |
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Date: July 10th, 2011 11:48 AM Author: pearl odious mother trust me, this trend is true for or is spreading to the rest of East Asia. Japan is already doing the same.
and it's fine if Americans don't want to live in Asia. Asians don't want you there anyways.
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Date: July 10th, 2011 11:50 AM Author: sinister range kitty cat is this just anger over australia's "two wongs don't make a white" policy? (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467153) |
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Date: July 10th, 2011 11:52 AM Author: pearl odious mother Australia will be Asianified in due time. it's just much closer to Asia geographically. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467165) |
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Date: July 10th, 2011 12:04 PM Author: sinister range kitty cat define "asianified". they had to liberalize since for political reasons and ended this policy (countries with western liberal values are nice this way), do you mean that they will adopt asian culture and policy or that there will just be a fucking ton of Malaysians? (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467253) |
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Date: July 10th, 2011 1:19 PM Author: pearl odious mother the country will look to Asia for immigration, trade, culture, etc. more and more as it's increasingly distant from its British origins. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467714) |
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Date: July 10th, 2011 12:31 PM Author: Nighttime bossy stead "it's just much closer to Asia geographically."
Well shit, I'm convinced. |
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Date: July 10th, 2011 11:52 AM Author: Flesh marketing idea Lol, China will have a bigger economy, a larger military and way more people, yet America will still rule the world. Why? (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467170) |
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Date: July 10th, 2011 11:53 AM Author: pearl odious mother you can predict the future, why? (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467174) |
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Date: July 10th, 2011 11:59 AM Author: Flesh marketing idea It's not hard to see that a xenophobic backwards ass country like China can't take the mantle from an alpha as fuck liberal republic like ours. You fucks just don't get it (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467212) |
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Date: July 10th, 2011 12:01 PM Author: pearl odious mother "a xenophobic backwards ass country"
guess what other country this describes. |
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Date: July 10th, 2011 12:02 PM Author: Lavender set every single other oriental shithole...? (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467243) |
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Date: July 10th, 2011 12:06 PM Author: Flesh marketing idea Ok Sweden >>>USA>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>china (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467266) |
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Date: July 10th, 2011 12:00 PM Author: startled stock car liquid oxygen You're an American to them. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467227) |
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Date: July 10th, 2011 12:04 PM Author: pearl odious mother actually, no. the chinese have a more nuanced view for someone being "foreign" or "domestic". An ABC(American Born Chinese) is not viewed as the same as a Caucasian American, and someone like me who was born in China and speaks accentless Chinese in turn is also not viewed the same as an ABC. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467248) |
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Date: July 10th, 2011 12:23 PM Author: histrionic french chef hall Where'd you get your degree from bro? Because only H will wipe the stink of that Americans passport off of you.
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Date: July 10th, 2011 12:25 PM Author: startled stock car liquid oxygen They distinguish between the many groups they don't want in elite jobs. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467372) |
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Date: July 10th, 2011 12:28 PM Author: histrionic french chef hall Bingo. They will hire him to do shit work, but nothing too prestigious will ever get tossed his way if they can find an equally qualified local to do the work. In the 90's people were all saying how the Chinese would be dependent on US financial know-how in perpetuity for all this shit, and how they'd never develop the "talent pool" domestically, and now US PE funds, and US banks are being forced the fuck out of the market or forced to become 95% Chinese in order to play ball. Game over. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467397) |
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Date: July 10th, 2011 12:31 PM Author: Nighttime bossy stead tcr (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467416) |
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Date: July 10th, 2011 12:32 PM Author: pearl odious mother let me put it this way, unless i volunteer the information, people cannot tell that I'm not a native Chinese easily. i speak accentless Mandarin, and I'm also familiar with the basic cultural norms, and the ones I don't know can be picked up relatively quickly.
At the same time, I will also be able to leverage the American side of things if that would be an advantage in certain situations. |
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Date: July 10th, 2011 12:32 PM Author: motley disturbing karate shrine They can tell bro (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467424) |
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Date: July 10th, 2011 12:34 PM Author: histrionic french chef hall That will work well for you right up until the point in the hiring process where they ask to see your passport. The Hukou is still alive and well last I checked. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467433) |
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Date: July 10th, 2011 12:34 PM Author: startled stock car liquid oxygen That's all useful when meeting strangers, but people hiring you will know your background. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467434) |
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Date: July 10th, 2011 12:37 PM Author: pearl odious mother who cares? having an American passport and an American education/upbringing is not a negative. it's the problem that most people who have those two things cannot speak Chinese, and/or don't look Chinese. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467448) |
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Date: July 10th, 2011 12:38 PM Author: startled stock car liquid oxygen "who cares?" People who control hiring for elite jobs in China. |
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Date: July 10th, 2011 12:45 PM Author: pearl odious mother nope. someone with my background is pretty rare, because 1.5 geners (http://en.wikipedia.org/wiki/Immigrant_generations#1.5_generation) are a lot more rare in general than ABC's, and people who are basically fully Chinese but did a few years of school overseas. And among 1.5 geners, there are also a lot of variations, compared to the other groups. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467495) |
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Date: July 10th, 2011 12:49 PM Author: startled stock car liquid oxygen See man o' war's comment below. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467521) |
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Date: July 10th, 2011 12:56 PM Author: pearl odious mother how would he know?
to be fair, I don't even know fully how I would be received, because like I said, 1.5 geners are rare, and each one is different in terms of their language abilities, and where their cultural loyalties/preferences lie. |
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Date: July 10th, 2011 1:03 PM Author: startled stock car liquid oxygen I'm not saying he's right for the right reasons, just that his comment is correct. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467610) |
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Date: July 10th, 2011 1:07 PM Author: pearl odious mother guess we'll see then.
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Date: July 10th, 2011 1:08 PM Author: startled stock car liquid oxygen This will be lulzier and more deserved than fish's biglaw pwnage. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467640) |
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Date: July 10th, 2011 12:41 PM Author: histrionic french chef hall Its not a problem when your daddy is a high ranking CCP official and you have the local ties to get you in the door at the right places. When you're a fresh off the boat ex-pat with limited local ties why would they hire you when they can hire someone from the best Chinese schools and with the right parents? How are you going to network over there with no pool of contacts? Mass mailings dont work here and they work even less in China. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467473) |
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Date: July 10th, 2011 1:23 PM Author: pearl odious mother i would network like the guy in the article wrote, go to conferences, and hit up family connections, alumni, and shit. i obviously don't expect things to be handed to me on a silver platter. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467739) |
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Date: July 10th, 2011 12:35 PM Author: appetizing potus LOL. You're in for a rude awakening. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467436) |
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Date: July 10th, 2011 12:42 PM Author: Cobalt nowag sweet tailpipe uvt has the worst combination, a naive idiot who thinks he knows everything
edit: oh yeah, and he's asian |
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Date: July 10th, 2011 12:48 PM Author: Shivering Frozen Blood Rage You realize that a few hundred years ago China accounted for 30% of the world's GDP. Want to know what happened? They embarked on an isolationist policy. In 50 years the Europeans had raped the shit out of them. These idiots still have not learned their lesson. Stopping more talented people from being put in positions where they can most benefit the nation greatly is a really stupid idea. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467514) |
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Date: July 10th, 2011 12:55 PM Author: histrionic french chef hall LMAO at finance clods being "talented people." These are rent seeking positions and they should go to locals. There is nothing innovative in being the guy who does the back end number crunching work in a deal. The deal makers are Chinese and that's the part that matters. Financial innovation is BS and the belief that it isnt is what killed Western hegemony. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467559) |
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Date: July 10th, 2011 1:51 PM Author: Shimmering brunch No, but they're shooting themselves in the foot if the attitude seeps into innovative areas of society (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467959) |
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Date: July 10th, 2011 1:55 PM Author: pearl odious mother whats with your new authoritative MFE/voice of reason shtick? it's worse than your old anti-Asian one. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18467996) |
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Date: July 10th, 2011 1:58 PM Author: Shimmering brunch Lol u seem mad ur getting constantly pwned here. NOWAGed even by chinese men. Y u so mad though? (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18468027) |
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Date: July 10th, 2011 12:55 PM Author: pearl odious mother i think a balance is needed here. having Westerners running everything just because they are slightly more qualified is equally as bad or worse.
that said, if you read the interview, it's not xenophobia for the sake of favoring locals. The Western expats simply cannot connect with and gain the trust of the Chinese entrepreneurs and that's detrimental to the type of work they have to do. Can you blame them considering how fucking racist, colonialist, entitled, and shitty in general most Western expats in Asia are?
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Date: July 10th, 2011 1:03 PM Author: comical lilac roast beef ". Can you blame them considering how fucking racist, colonialist, entitled, and shitty in general most Western expats in Asia are?"
lol |
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Date: July 10th, 2011 6:08 PM Author: cerebral impressive dysfunction lol @ shithead NOWAG chinks who just copy US businesses (Baidu) not trusting westerners who know PE and start ups. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18470109) |
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Date: July 10th, 2011 6:14 PM Author: pearl odious mother u mad that they just don't like wytes? u mad about this? (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18470146) |
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Date: July 10th, 2011 6:24 PM Author: Shivering Frozen Blood Rage "that said, if you read the interview, it's not xenophobia for the sake of favoring locals. The Western expats simply cannot connect with and gain the trust of the Chinese entrepreneurs and that's detrimental to the type of work they have to do.
Yes, and they cannot gain the trust of Chinese entrepreneurs because of the isolationist attitude I identified above. |
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Date: July 10th, 2011 6:26 PM Author: pearl odious mother oh well. maybe white women will have better luck, as white men are clearly not wanted. and if PE doesn't work out, they can try hostessing. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18470207) |
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Date: July 10th, 2011 1:34 PM Author: kink-friendly stirring brethren factory reset button when the inevitable economic collapse and subsequent peasant revolution sweeps the ccp from power, maybe you can find prestigious employment as finance minister to whatever warlords emerge out of the rubble
try and find someone like this guy:
http://en.wikipedia.org/wiki/Dogmeat_general |
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Date: July 10th, 2011 2:02 PM Author: opaque codepig coldplay fan what's so ground breaking about this? (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18468077) |
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Date: July 10th, 2011 6:16 PM Author: pearl odious mother groundbreaking to xoxo because this racist cesspool thinks anyone with white skin can walk into Asia and will get handed the best jobs, the best pussy, etc., when it's actually increasingly the opposite. whytes are excluded from the best jobs and the best pussies and can only teach English and sleep with AIDS infested bar sluts.
U MAD XOXO? |
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Date: July 10th, 2011 6:35 PM Author: Nighttime bossy stead The maddest person here is you. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18470248) |
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Date: July 10th, 2011 6:38 PM Author: pearl odious mother u mad this interview destroyed your whole argument in the other thread too?
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Date: July 10th, 2011 6:45 PM Author: Nighttime bossy stead Not really, no, for a bunch of reasons. But the most pertinent one is that forcing foreigners out doesn't create opportunity for you since you're a foreigner. Yes, that is true even if you name your cat "Chairman Meow". (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18470340) |
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Date: July 10th, 2011 6:46 PM Author: pearl odious mother PE in China: No Foreigners Wanted (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18470346) |
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Date: July 10th, 2011 6:49 PM Author: Nighttime bossy stead They will know when they see your resume and realize that you've lived your entire adult life in the US. You are not shit to them. Also, when you spout your naive pan-Azn BS that no one who spent his life in Asia would ever repeat even in jest. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18470359) |
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Date: July 10th, 2011 6:51 PM Author: pearl odious mother maybe for the first few years. i will have more and more of my adult life spent in Asia as long as i build work experience there. it's not a problem in the mid to long term. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18470370) |
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Date: July 10th, 2011 6:59 PM Author: Nighttime bossy stead I'm convinced! You should leave asap.
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Date: July 10th, 2011 7:02 PM Author: pearl odious mother unsure if you are being sarcastic.
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Date: July 10th, 2011 6:40 PM Author: orchid passionate meetinghouse tattoo You do realize that throughout history, those returning to their home countries after spending most of their life in the US are not welcomed with open arms. They're often seen as either failures, or cultural traitors. My parents get this when they spend time in their home country (a modern western european country). I can only imagine how it is in an insular place like China. The advice given in this thread is actually pretty reasonable. You should try looking for work in a place like Hong Kong. It's a more cosmopolitan and international city. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18470286) |
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Date: July 10th, 2011 6:44 PM Author: pearl odious mother yeah, my preference would be one of HK/SG/BJ.
it's really a pretty gray area at this point. some of the returning overseas Chinese are welcomed, mostly the ones that have done well abroad, but some are hated, those are often the ones that think they are somehow superior to regular Chinese just because they have a foreign passport. |
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Date: July 10th, 2011 7:03 PM Author: kink-friendly stirring brethren factory reset button you sound like a pretty angry, desperate man and im pretty sure you'd be miserable no matter where you end up (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18470432) |
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Date: July 10th, 2011 7:05 PM Author: pearl odious mother oh u mad (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18470448) |
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Date: July 10th, 2011 7:08 PM Author: kink-friendly stirring brethren factory reset button i'm worried for you, man (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18470472) |
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Date: July 10th, 2011 7:11 PM Author: pearl odious mother thanks brah, but people who have met me know what's up. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18470495) |
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Date: July 10th, 2011 7:46 PM Author: opaque codepig coldplay fan this is common sense. just like you wouldnt expect a chinese person to walk into the US and just pwn everything. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18470800) |
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Date: July 10th, 2011 8:08 PM Author: pearl odious mother common sense isn't one of xoxo's virtues. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18471014) |
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Date: July 10th, 2011 7:48 PM Author: spruce laughsome personal credit line I have met maybe five ABCs who could speak and write Chinese on remotely the same level with a college educated mainlander/Taiwanese. It just doesn't happen unless the family is ridiculously disciplined about having their kids practice writing and speaking Chinese the same way that native Chinese do, which is hard as fuck. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18470828) |
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Date: July 10th, 2011 8:05 PM Author: pearl odious mother ofs, Chinese is a hard language to pick up on the side.
however, i'm not ABC. my Chinese writing is probably the worst part of my Chinese though. |
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Date: July 10th, 2011 8:25 PM Author: spruce laughsome personal credit line yer fucked. hth. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18471204) |
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Date: July 10th, 2011 8:30 PM Author: pearl odious mother naw, i'm not. my Chinese is more than sufficient. any deficiency in writing or technical lingo can be made up extremely quickly, while no amount of studying will give you a 100% authentic Beijing accent, which is prestigious as fukkkk, and the difference between if people will see you as domestic or foreign. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18471262) |
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Date: July 10th, 2011 8:48 PM Author: spruce laughsome personal credit line Ok, good luck making up 12 years of schooling in your spare time, pal. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18471457) |
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Date: July 10th, 2011 10:00 PM Author: Provocative henna address dopamine lol @ more than sufficient
don't you quickly notice when a foreigner's English is even slightly off? |
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Date: July 10th, 2011 9:09 PM Author: Boyish Mad-dog Skullcap fwiw, i know a guy who used to say all the exact same things you've been saying in this thread (could be the same person for all i know). he grabbed a top tier PE associate job in HK, planning to use his family to eventually get into mainland PE and be a BSD. after two years of doing excel monkeying, with no one listening to anything he said and no one being at all interested in ever promoting him, he quit. he's back to trying to get a job in the US, and isn't going to be in PE anymore.
so, you better know what your connections can get you. "knowing people" means shit. copious guanxi, and a large asset base to use for bribes is the bare minimum you need to have to break into anything (american or not). |
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Date: July 10th, 2011 9:20 PM Author: kink-friendly stirring brethren factory reset button also enjoying the subtle admission that besides things he was gifted with by accident of birth ("knowing people", "100% authentic Beijing accent"), uvt brings nothing to the table (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18471899) |
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Date: July 10th, 2011 9:23 PM Author: spruce laughsome personal credit line retroflexive r mastery, even if we accept that at face value, doesn't do shit for him. He'll still get pwn3d by strivers from the provinces. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18471938) |
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Date: July 10th, 2011 9:41 PM Author: pearl odious mother yeah, man, those are obviously the only things i bring to the table since they were the only things brought up in this thread. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18472144) |
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Date: July 10th, 2011 9:43 PM Author: pearl odious mother yeah, this happened to some Chinese guy so it must also happen to me. It's not like I'm an individual who has a lot of qualities and attributes that few others have at all. nope.
but you are right. i don't expect to be handed anything. i expect my time there to be trying, which is the way i like it. |
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Date: July 10th, 2011 9:54 PM Author: Boyish Mad-dog Skullcap are you going there with HYP+MBA+MBB? (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18472336) |
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Date: July 10th, 2011 9:58 PM Author: pearl odious mother no. you also don't need it. my pedigree is more than sufficient, and i will actually have a ton of alumni in Asia.
believe it or not, Asians value actual ability over pedigree past a certain threshold, and i'm well beyond that threshold. |
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Date: July 10th, 2011 10:02 PM Author: Boyish Mad-dog Skullcap so long as that value isn't shrouded in a non-beijing accent. because that part is paramount to all. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18472425) |
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Date: July 10th, 2011 10:08 PM Author: pearl odious mother the beijing accent thing is semi in jest. my beijing accent is subtle but definitely there, i mostly speak Standard Mandarin.
but you are kidding if you don't think a Beijing accented Mandarin speaker carries a certain cachet for doing business in China.
"The Beijing accent, as is consistent with native Beijingers, heavily employs the “er” sound at the end of words which wouldn’t normally make use of them. Aside from this most conspicuous trait, Beijingers tend to enunciate their tones with what I can only describe as authority. In a sense, it’s a melodious way of speaking Mandarin, although many Beijingers may likely refer to their spoken tongue as Beijing Hua (the language from which Standard Mandarin is based)."
http://adventuresinchinese.wordpress.com/the-beijing-accent/ |
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Date: July 10th, 2011 10:11 PM Author: Provocative henna address dopamine Are you a Wharton undergrad who has told his classmates that everyone who does nothing beneficial for society ought to be exterminated? (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18472539) |
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Date: July 10th, 2011 10:15 PM Author: pearl odious mother nope. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18472574) |
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Date: July 10th, 2011 10:16 PM Author: Provocative henna address dopamine Oh I thought you were him (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18472588) |
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Date: July 10th, 2011 10:18 PM Author: pearl odious mother is he ruggedly handsome and disarmingly charming? (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18472602) |
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Date: July 10th, 2011 10:20 PM Author: Provocative henna address dopamine No average nerdy asian Kind of a weirdo |
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Date: July 10th, 2011 10:23 PM Author: pearl odious mother oh that's definitely not me then. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18472648) |
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Date: July 10th, 2011 10:24 PM Author: hyperactive blathering prole ratface Who is this UVT RET dude? Someone give me a backstory. Clearly bitter Chinese man but what else (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18472661) |
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Date: July 10th, 2011 10:26 PM Author: pearl odious mother what do you want to know?
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Date: July 10th, 2011 10:33 PM Author: hyperactive blathering prole ratface Are you one of the basement-dwelling bitter hyper-nationalistic asians or one of the relatively professionally successful bitter hyper-nationalistic asians? (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18472746) |
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Date: July 10th, 2011 10:40 PM Author: pearl odious mother i'm not nationalistic as much as i'm self-loving, and subversive toward any type of hegemony/authority. i'm sure i would be fairly anti-ccp if i were in China.
but being a true subversive involves destroying something from within, which means i'm fairly adept at not showing my true feelings unless i want to. |
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Date: July 10th, 2011 10:41 PM Author: hyperactive blathering prole ratface Are you basement dwelling? In school? Why do you think you can go to China at all besides your ethnic background? (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18472811) |
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Date: July 10th, 2011 10:44 PM Author: pearl odious mother i live in a house, shared with roommates.
because i want to. |
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Date: July 10th, 2011 10:55 PM Author: hyperactive blathering prole ratface No, I mean why do you think you CAN, not why do you WANT to. Do you have anything going for you besides family background? (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18472946) |
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Date: July 10th, 2011 10:57 PM Author: pearl odious mother i want to is the reason that i can.
why couldn't i? i speak the language, i've lived there before, etc. |
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Date: July 10th, 2011 11:06 PM Author: kink-friendly stirring brethren factory reset button do you legitimately have this high of an opinion of yourself, or are you just fronting online in an effort to mentally paper over your own insecurities about your future (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18473066) |
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Date: July 10th, 2011 11:08 PM Author: pearl odious mother i have a high opinion of myself, and i am insecure about the future. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18473093) |
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Date: July 10th, 2011 11:14 PM Author: kink-friendly stirring brethren factory reset button it shows brother, it shows (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18473159) |
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Date: July 11th, 2011 12:01 AM Author: hyperactive blathering prole ratface I ask because I don't know whether you have a legit shot of going there, or are just an insecure person who doesn't really feel at home whereever he is and fantasized about China as a place where his life will turn around.
Do you attend a good school? Are you working now in a job that would lead to a job over there? I mean, there are a billion Chinamen. You aren't going to get a job because you speak the language and have lived over there. That doesn't make you special. |
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Date: July 11th, 2011 12:17 AM Author: pearl odious mother my undergrad is considered a top 5 school globally; my grad school is top 10 in the department, with plenty of lay prestige. i work in an industry that's robust, cutting edge, and international, and the skill set is transferable to multiple other industries.
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Date: July 10th, 2011 10:27 PM Author: opaque codepig coldplay fan wait so you arent even there yet? why trumpet this shit all day. are you even moving there or is just some fantasy of yours? (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18472687) |
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Date: July 10th, 2011 10:30 PM Author: pearl odious mother should be heading there in a year or so. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18472718) |
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Date: July 10th, 2011 10:32 PM Author: opaque codepig coldplay fan why wait? i know you are trying to get your self pumped about this but shit is corrupt as fuck over there. i know many like you who go there with PE pipe dreams but just end up working for groupon. lol. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18472733) |
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Date: July 10th, 2011 10:35 PM Author: pearl odious mother school.
i am not really gunning for PE. it was just the topic of this thread. i'm just interested in working in Asia in general, and finance is one of the areas I could go into i guess. |
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Date: July 10th, 2011 11:45 PM Author: opaque codepig coldplay fan oh in that case its not that hard. good luck d00der. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18473519) |
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Date: July 10th, 2011 11:59 PM Author: vibrant insecure alpha police squad so what's it like for ABCs in general, including jobs not in finance? what if you have, say, a Master's or a PhD in a technical field? also where do you get your info on this stuff? (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18473652) |
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Date: July 11th, 2011 12:27 AM Author: pearl odious mother i think ABC's can still do very well, and in certain industries, almost certainly have more opportunities than in the U.S.
one person i can think of off the top of my head is an ABC girl who is working in PR and advertising over there right now. she actually told me she doesn't like living in China all that much, but the work experience is so much better than what she could get in the States, she basically does not see herself leaving anytime soon. |
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Date: July 11th, 2011 12:33 AM Author: vibrant insecure alpha police squad why is being american an advantage for PR and advertising? is it the english skills?
would a technical background even be helpful when there are so many native chinese who pwn at that stuff? now that i think about it, why WOULD they hire an ABC? it seems the worst of both worlds given they aren't as strong technically while not being up to snuff culturally/linguistically AND not the feather-in-your-cap white boy that a company can use to look good.
shit, i can't find anything online about this. |
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Date: July 11th, 2011 12:44 AM Author: pearl odious mother i think she deals with mostly American clients who are doing business in China. she speaks perfect English obviously, and deals with Western clients well, and also speaks enough Chinese to communicate with the Chinese side. She is only competing with other Western females mostly for her job, and there aren't as many qualified Western women looking to work in China yet (compared to men), so ABC women do quite well.
a technical background is absolutely fine. One thing is that Chinese companies like technical degrees better than liberal arts degrees even for non-technical positions. Just look at the politicians in China, they all have engineering degrees.
i'm not sure why you think ABC's are not as strong technically. the best universities in sciences are still mostly in the U.S., so are many of the most cutting edge technology firms. In fact, some of the most desirable/successful expats are tech people that brought back marketable technical knowledge and founded companies based on that, e.g. Baidu, etc. |
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Date: July 11th, 2011 12:49 AM Author: vibrant insecure alpha police squad is that the extent of jobs for ABCs? as go-between with western clients? ehh i don't want to do that long term. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18474110) |
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Date: July 11th, 2011 12:53 AM Author: pearl odious mother no, there are ABC's working in lots of different capacities. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18474146) |
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Date: July 11th, 2011 12:57 AM Author: vibrant insecure alpha police squad how can i get more info about this?
the technical stuff is because i know there are chinese studying in american top universities in droves, and then returning to chnia. i have family in america academia in the sciences and they (chinese) discourage asian americans from even entering these fields because the markets are inundated with asians. and more and more of these asians are returning to their home countries instead of settling here. |
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Date: July 11th, 2011 1:03 AM Author: pearl odious mother that's because technical degrees are still valued more than non technical degrees even if they are "more common". they are seem as more difficult and prestigious, and non technical, business type jobs will often use people with technical degrees.
you can find a lot of info online by doing searches in chinese. |
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Date: July 11th, 2011 12:31 AM Author: Citrine Weed Whacker are gay asian men considered foreigners under this provisions? (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18473914) |
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Date: July 11th, 2011 12:56 AM Author: pearl odious mother gay azn thugs are always considered domestic. (https://xoxohth.com/thread.php?thread_id=1699364&forum_id=2#18474179) |