Mark Kolier’s Blog

Posts Tagged ‘China’

Last Friday and this past Monday the stock market took major hits. Yesterday it came back. One of the biggest losers was LinkedIn which some say was overvalued. While I am not all that knowledgeable when it comes to company valuations I have been using LinkedIn more and more and with great success.
The main reason I consider it a success is that people respond to inquiries on LinkedIn more than any other social networking portal I have used.

An article in DM News http://bit.ly/pMMuZF highlights increases in LinkedIn’s revenue – and it was from Friday August 5th shortly before the stock took a pounding.

My work in developing our China business requires expertise far beyond that of my regular circle of contacts. LinkedIn has offered me a way to engage total strangers by asking for help, offering help and simply offering my opinion on something they might have written or said. What continually surprises me is the rate of return on what I consider to be a very minor investment.

Of course not all my inquiries are responded to. And I know I need to be careful since there is a rating system on LinkedIn such that if enough people complain about being spammed or contacted inappropriately you can be blacklisted from making outreaches to people you don’t know using a feature on LinkedIn called ‘Inmail’.

But I am here to tell you that if you are not using the Premium or Pro access on LinkedIn you are missing out on opportunities to connect with people in way that has never before been possible. However I do wonder how long this open-networking will last. If people begin to be deluged with requests from all over the map the opportunity conduit that LinkedIn offers may well become unworkable and unusable.

In case you are wondering I try to be as open as possible myself when it comes to answering questions posed to me on LinkedIn. I also receive offers to Link In with people I don’t know but my policy is to not Link In with total strangers. Yet answering a question for a total stranger (provided it is a relevant question and something that I can help with) is something I always agree to do.

I believe LinkedIn is the best of all the social networks in offering a value proposition. Yes better than Facebook and better than Google+ (which is on the rise as far as I am concerned).

How about you – are you getting everything out of LinkedIn that you could? Or do you think it’s too much trouble and a waste of time?

Even though I’ve been here less than 24 hours my initial impressions of Hong Kong are that it is much more Chinese than I anticipated.   Now that might seem a bit strange but I had the idea that the British influence would be much more pervasive.  There are Brits around (and Aussies, and even a few Americans among the westerners) but English is not spoken nearly as much as I expected.  

After I arrived, my good friend Tom and I (with whom I am staying), raced over to the Vietnam consulate to get a visa for the trip we are taking this weekend.  Of course we did not know we needed photos (why a visa photo is required when I will be carrying a passport is still a mystery).   Then we took a twisty, turny, taxi ride to Stanley Market last night as the sun set and we had a beer along Repulse Bay.   Later we went to Lan Kwai Fong for dinner and then to Soho (South Hollywood but no relation to the California one – it’s about the holly trees as I am told).   Taxis are very in expensive in HK as is the public transportation.  The double decker trams cost the equivalent of just under $ .30 per ride.  They are ancient if not efficient. 

Since I am again staying with Tom I get to see HK from the perspective of someone that lives there and not a tourist or business person that checks into the hotel, goes to meetings, has dinner out and then goes back to the hotel.  We walked through the convenience market last night to pick up a few staples.  Some were expensive, some were not.  Little was in English. 

Hong Kong is all about business.  And China is where things are at these days.  If the 20^th century was the American century then the 21^st will be the Chinese century.  Hong Kong was turned back over to the Chinese in 1997 after Britain’s 99 year lease expired.  HK was nothing more than a small fishing village prior to the arrival of the Brits in 1842 (the Brits pushed back hard on China after the first opium wars in the 1830’s).   Cantonese and not Mandarin is the primary language spoken in HK.   Even as Mandarin is the primary language of business in China.  Many residents and ex-pats speak both as well as English.  The people here working appear to be highly educated. 

I have much to see and learn here over the next week.  Asia always inspires me.   It makes me remember that the world is not nearly as concerned with what goes on in the United States as we Americans seem to think.  Hong Kong is more than a gateway to China – it is China itself with special privileges.  At least until 2047when the 50 year special exception is set to expire.  It may be renewed however the Chinese government appears to want Shanghai (all new and shiny as opposed to Hong Kong which is – older), to be the centerpiece of the Chinese century.  I’m not going to Shanghai this trip.  But it’s high on my list.  

I’ll be posting a little more frequently as the mood strikes me here.