Xiaomi India, the subsidiary of Xiaomi Group (Xiaomi)—a world-leading electronics giant from China—had grown explosively since entering the country in 2014. However, in April 2022, the Indian Enforcement Directorate accused it of illegal remittance of profits out of the country and, in response, seized a fund of US$669.95 million in the company’s account. This seizure was record-breaking in Indian history, equivalent to nearly half the annual worldwide .....more

Teaching note for product W37456.

As one of the world’s largest fried chicken chains, Popeyes had failed twice to enter the Chinese market over a twenty-year span. In March 2023, Restaurant Brands International (RBI), the owner of Popeyes, attempted a third strike by bringing the fried chicken brand under its local joint venture, Tim Hortons International Limited China (Tims China). The responsibility of making this third attempt successful rested with Yongchen Lu, the chief executive .....more

Teaching note for product W34828.

Teaching note for product W28571.

Kinbor, a pioneer and top brand of creative planner journals in China, was launched in 2015 by Guangbo Group (Guangbo), a leading stationery manufacturer and worldwide exporter. In January 2022, Jessie Yu—Kinbor’s, founder and general manager— was facing several urgent issues in moving the start-up forward. Like many intrapreneurial projects, Kinbor was only contributing a small fraction to Guangbo’s total annual revenues, so pressure to boost sales .....more

In February 2019, Tim Hortons, Canada’s iconic coffee franchise, opened its first coffee shop in China in Shanghai, thereby extending its international footprint to China. To accomplish this entry, Restaurant Brands International (RBI), the parent company of Tim Hortons, formed a joint venture (JV) Tim Hortons (China) Holdings Co., Ltd. (Tims China) with Cartesian Capital, a private equity fund that had operated in China for more than twenty years. .....more

Teaching note for product W25260.

Teaching note for product W27257.

On July 15, 2021, the founder and chief executive officer (CEO) of Loctek Ergonomic Technology Corp. (Loctek), located in Ningbo, China, was reviewing the mid-year financial report of his company. Loctek was a global leader in manufacturing and exporting office furniture—primarily monitor brackets and height-adjustable desks. Figures in the report portrayed the company’s solid growth in the midst of the global pandemic; the contribution from Loctek’s .....more