Showing posts with label Asia. Show all posts
Showing posts with label Asia. Show all posts

Sunday, October 13, 2013

Harvard students by the hundreds are now studying ancient Chinese philosophy, for success & better lives

Why hundreds of Harvard students now studying ancient Chinese philosophy to change their lives for the better?  


How to be truly successful and enjoy a balanced life of tranquility? Let us learn from the world's oldest living civilization with over 5,000 years of recorded history. The wisdom of ancient Chinese philosophy and Confucian moral teachings offer the rest of the world priceless insights, more non-Chinese like hundreds of Harvard University students in the United States are learning all these nowadays. It is not only the "economic miracle" of China and Asia which should be the reason for us to study Chinese culture, but its unique Chinese philosophy and diverse ideas.

Let me share this interesting article from The Atlantic authored by Christine Gross-Loh on October 8, 2013: 

Image below of America's oldest and most prestigious Harvard University, sourced from www.top10rankings.org 

Below is image of Hong Kong actor Chow Yun Fat playing the role of the great teacher and philosopher Confucius, image sourced from www.seeraa.com  


Why Are Hundreds of Harvard Students Studying Ancient Chinese Philosophy?
The professor who teaches Classical Chinese Ethical and Political Theory claims, "This course will change your life."

BY: CHRISTINE GROSS-LOH OCT 8 2013, 10:49 AM ET


Picture a world where human relationships are challenging, narcissism and self-centeredness are on the rise, and there is disagreement on the best way for people to live harmoniously together.

It sounds like 21st-century America. But the society that Michael Puett, a tall, 48-year-old bespectacled professor of Chinese history at Harvard University, is describing to more than 700 rapt undergraduates is China, 2,500 years ago.

Puett's course Classical Chinese Ethical and Political Theory has become the third most popular course at the university. The only classes with higher enrollment are Intro to Economics and Intro to Computer Science. The second time Puett offered it, in 2007, so many students crowded into the assigned room that they were sitting on the stairs and stage and spilling out into the hallway. Harvard moved the class to Sanders Theater, the biggest venue on campus.

Prof. Michael Puett, image below sourced from  ealc.fas.harvard.edu


Why are so many undergraduates spending a semester poring over abstruse Chinese philosophy by scholars who lived thousands of years ago? For one thing, the class fulfills one of Harvard's more challenging core requirements, Ethical Reasoning. It's clear, though, that students are also lured in by Puett's bold promise: “This course will change your life.”

His students tell me it is true: that Puett uses Chinese philosophy as a way to give undergraduates concrete, counter-intuitive, and even revolutionary ideas, which teach them how to live a better life.  Elizabeth Malkin, a student in the course last year, says, “The class absolutely changed my perspective of myself, my peers, and of the way I view the world.” Puett puts a fresh spin on the questions that Chinese scholars grappled with centuries ago. He requires his students to closely read original texts (in translation) such as Confucius’s Analects, the Mencius, and the Daodejing and then actively put the teachings into practice in their daily lives. His lectures use Chinese thought in the context of contemporary American life to help 18- and 19-year-olds who are struggling to find their place in the world figure out how to be good human beings; how to create a good society; how to have a flourishing life.

Puett began offering his course to introduce his students not just to a completely different cultural worldview but also to a different set of tools. He told me he is seeing more students who are “feeling pushed onto a very specific path towards very concrete career goals” than he did when he began teaching nearly 20 years ago.  A recent report shows a steep decline over the last decade in the number of Harvard students who are choosing to major in the humanities, a trend roughly seen across the nation’s liberal arts schools. Finance remains the most popular career for Harvard graduates. Puett sees students who orient all their courses and even their extracurricular activities towards practical, predetermined career goals and plans.

Prof. Michael Puett of Harvard, image below sourced from  www.asia-institute.org



Puett tells his students that being calculating and rationally deciding on plans is precisely the wrong way to make any sort of important life decision. The Chinese philosophers they are reading would say that this strategy makes it harder to remain open to other possibilities that don’t fit into that plan. Students who do this “are not paying enough attention to the daily things that actually invigorate and inspire them, out of which could come a really fulfilling, exciting life,” he explains. If what excites a student is not the same as what he has decided is best for him, he becomes trapped on a misguided path, slated to begin an unfulfilling career. Puett aims to open his students’ eyes to a different way to approach everything from relationships to career decisions. He teaches them that: 

The smallest actions have the most profound ramifications. Confucius, Mencius, and other Chinese philosophers taught that the most mundane actions can have a ripple effect, and Puett urges his students to become more self-aware, to notice how even the most quotidian acts—holding open the door for someone, smiling at the grocery clerk—change the course of the day by affecting how we feel.

That rush of good feeling that comes after a daily run, the inspiring conversation with a good friend, or the momentary flash of anger that arises when someone cuts in front of us in line—what could they have to do with big life matters? Everything, actually. From a Chinese philosophical point of view, these small daily experiences provide us endless opportunities to understand ourselves. When we notice and understand what makes us tick, react, feel joyful or angry, we develop a better sense of who we are that helps us when approaching new situations. Mencius, a late Confucian thinker (4th century B.C.E.), taught that if you cultivate your better nature in these small ways, you can become an extraordinary person with an incredible influence, altering your own life as well as that of those around you, until finally “you can turn the whole world in the palm of your hand.”

Recent research into neuroscience is confirming that the Chinese philosophers are correct: Brain scans reveal that our unconscious awareness of emotions and phenomena around us are actually what drive the decisions we believe we are making with such logical rationality. According to Marianne LaFrance, a psychology professor at Yale, if we see a happy face for just a fraction of a second (4 milliseconds to be exact), that’s long enough to elicit a mini emotional high. In one study viewers who were flashed a smile—even though it was shown too quickly for them to even realize they had seen it—perceived the things around them more positively.

Decisions are made from the heart. Americans tend to believe that humans are rational creatures who make decisions logically, using our brains. But in Chinese, the word for “mind” and “heart” are the same. Puett teaches that the heart and the mind are inextricably linked, and that one does not exist without the other. Whenever we make decisions, from the prosaic to the profound (what to make for dinner; which courses to take next semester; what career path to follow; whom to marry), we will make better ones when we intuit how to integrate heart and mind and let our rational and emotional sides blend into one.  Zhuangzi, a Daoist philosopher, taught that we should train ourselves to become “spontaneous” through daily living, rather than closing ourselves off through what we think of as rational decision-making. In the same way that one deliberately practices the piano in order to eventually play it effortlessly, through our everyday activities we train ourselves to become more open to experiences and phenomena so that eventually the right responses and decisions come spontaneously, without angst, from the heart-mind.

If the body leads, the mind will follow. Behaving kindly (even when you are not feeling kindly), or smiling at someone (even if you aren’t feeling particularly friendly at the moment) can cause actual differences in how you end up feeling and behaving, even ultimately changing the outcome of a situation.
While all this might sound like hooey-wooey self-help, much of what Puett teaches is previously accepted cultural wisdom that has been lost in the modern age. Aristotle said, “We are what we repeatedly do,” a view shared by thinkers such as Confucius, who taught that the importance of rituals lies in how they inculcate a certain sensibility in a person.  In research published in Psychological Science, social psychologist Amy Cuddy and her colleagues found that when we take a power stance (stand with our legs apart, arms thrust out, taking up space), the pose does not only cause other people to view us as more confident and powerful; it actually causes a hormonal surge that makes us become more confident.

At the end of each class, Puett challenges his students to put the Chinese philosophy they have been learning into tangible practice in their everyday lives. “The Chinese philosophers we read taught that the way to really change lives for the better is from a very mundane level, changing the way people experience and respond to the world, so what I try to do is to hit them at that level. I’m not trying to give my students really big advice about what to do with their lives. I just want to give them a sense of what they can do daily to transform how they live.” Their assignments are small ones: to first observe how they feel when they smile at a stranger, hold open a door for someone, engage in a hobby. He asks them to take note of what happens next: how every action, gesture, or word dramatically affects how others respond to them. Then Puett asks them to pursue more of the activities that they notice arouse positive, excited feelings. In their papers and discussion sections students discuss what it means to live life according to the teachings of these philosophers.

Once they’ve understood themselves better and discovered what they love to do they can then work to become adept at those activities through ample practice and self-cultivation. Self-cultivation is related to another classical Chinese concept: that effort is what counts the most, more than talent or aptitude. We aren’t limited to our innate talents; we all have enormous potential to expand our abilities if we cultivate them. You don’t have to be stuck doing what you happen to be good at; merely pay attention to what you love and proceed from there. Chinese philosophers taught that paying attention to small clues “can literally change everything that we can become as human beings,” says Puett.  

To be interconnected, focus on mundane, everyday practices, and understand that great things begin with the very smallest of acts are radical ideas for young people living in a society that pressures them to think big and achieve individual excellence. This might be one reason why, according to the Chronicle for Higher Education, interest in Chinese philosophy is taking off around the nation—not just at Harvard. And it’s a message that’s especially resonating with those yearning for an alternative to the fast track they have been on all their lives.

One of Puett’s former students, Adam Mitchell, was a math and science whiz who went to Harvard intending to major in economics. At Harvard specifically and in society in general, he told me, “we’re expected to think of our future in this rational way: to add up the pros and cons and then make a decision. That leads you down the road of ‘Stick with what you’re good at’”—a road with little risk but little reward. But after his introduction to Chinese philosophy during his sophomore year, he realized this wasn’t the only way to think about the future. Instead, he tried courses he was drawn to but wasn’t naturally adroit at because he had learned how much value lies in working hard to become better at what you love. He became more aware of the way he was affected by those around him, and how they were affected by his own actions in turn. Mitchell threw himself into foreign language learning, feels his relationships have deepened, and is today working towards a master’s degree in regional studies. He told me, “I can happily say that Professor Puett lived up to his promise, that the course did in fact change my life.”


CHRISTINE GROSS-LOH is the author of Parenting Without Borders: Surprising Lessons Parents Around the World Can Teach Us (Avery, 2013)

Image below of Confucius quotation in ancient Chinese calligraphy and its English translation, sourced from www.chilture.com




Sunday, July 7, 2013

China's female realty tycoon is richer than Donald Trump or Oprah! WOW

China is not only rising to soon become the world's ultimate biggest economic superpower, it is also changing socially, economically and culturally with the emergence of equal opportunities for women as shown by more and more successful women entrepreneurs.

Here I wish to share the inspiring, remarkable sage of a self-made real estate businesswoman in modernizing China.

China's "rags-to-riches" real estate billionaire Zhang Xin, image below sourced from money.cnn.com



Another Zhang Xin image below, sourced from cbsnews.com




This image below of Zhang Xin, sourced from forbes.com






The article below is from CNN:

Richer than Trump or Oprah: Meet China's female property magnate

From Pauline Chiou, CNN
 
July 3, 2013 -- Updated 1429 GMT (2229 HKT)

Richer than Trump or Oprah

STORY HIGHLIGHTS
  • Zhang Xin runs China's largest real estate developer with her husband
  • Worth $3.6 billion, she is the world's seventh richest self-made woman
  • She grew up in poverty during China's Cultural Revolution


Beijing (CNN) -- Zhang Xin grew up in poverty and at the age of 14 began a laboring job in a factory. Today, she is richer than Donald Trump, Steven Spielberg and Oprah Winfrey.

Zhang, a Chinese real estate developer, is the seventh richest self-made woman in the world, worth $3.6 billion, according to Forbes. She's worth $800 million more than Oprah Winfrey, the world's best known self-made female billionaire.

Not only does Zhang's rags-to-riches story mirror that of China itself, but it is Zhang who has shaped much of the country's modern urban landscape, with the logo of her company SOHO China on the side of buildings wherever you turn in Beijing.

SOHO China has 18 developments in Beijing, many of them landmark buildings, and has recently expanded to Shanghai, where it has bought or built 11 properties.

China's real estate opportunities
Galaxy SOHO, designed by Pritzker Prize winning architect Zaha Hadid for Zhang' SOHO China, was built in 2012 on a 50,000 square meter plot in central Beijing. It was Hadid's first building in Beijing. Galaxy SOHO, designed by Pritzker Prize winning architect Zaha Hadid for Zhang' SOHO China, was built in 2012 on a 50,000 square meter plot in central Beijing. It was Hadid's first building in Beijing.
China's changing skyline
HIDE CAPTION
<<
<
1
2
3
4
5
6
7
8
9
>
>>
China\'s changing skyline China's changing skyline
Two of her Beijing projects -- one completed last year and another under construction -- are designed by the Pritzker Prize-winning architect Zaha Hadid.
Zhang, 47, was born in Beijing just before Mao Zedong's Cultural Revolution, when educated people like her parents were sent to the fields for "re-education." She returned to Beijing with her mother, but they endured poverty and hardship.
Banking boss: Nothing scares me
"I was born and grew up when the city was very quiet: no cars, no shops, no lights, no machines. People were just on bicycles," she said.
Tina Brown: 'Taking risks comes easily'
At 14, she and her mother moved to Hong Kong, where she spent five years in low-paid factory jobs, manufacturing toys, clothes and electronics, trying to save enough to go to England for an education.
I was born and grew up when the city was very quiet: no cars, no shops, no lights, no machines.
Zhang Xin
"As a new immigrant to Hong Kong with no education, no background, didn't even speak the local language or dialect, Cantonese, and it was just a hard way to live in Hong Kong," said Zhang.
It took Zhang five years to save enough for a plane ticket to London and an English language course. She won a scholarship to university, studied for a master's degree in economics at Cambridge University and landed her first job at Goldman Sachs in New York.
Instead of remaining in her comfortable life in Wall Street, Zhang returned to Beijing, where she met her husband, and together they started SOHO China.
"There was excitement of people talking about how to change China, and it was a very intellectually vibrant time," she said. "I felt that this country was really making a transition, and I wanted to be a part of that."
Since Zhang and her husband, Pan Shiyi, formed SOHO China in 1995, it has become China's largest commercial real estate developer, with 56 million square feet in prime developments in Beijing and Shanghai.
While Zhang's story is incredible -- giving her celebrity status in China -- it is not unique. Of Forbes' 2013 list of 24 self-made female billionaires, six are from China (including one from Hong Kong), more than any other country outside the United States.
"I think women of our generation went through Cultural Revolution, went through hardship, coming from nowhere, and suddenly see China's amazing opportunity," said Zhang. "So women just seized the opportunity."
I felt that this country was really making a transition and I wanted to be a part of that.
Zhang Xin
Zhang has a following of more than 5 million on Weibo, the Chinese social media site often compared with Twitter, where she shares her views on business, current affairs and architecture.
But despite her financial success, Zhang, who practices the Baha'i faith, avoids excessive trappings of wealth, even suggesting her 14-year-old son find a job in McDonald's or KFC. He tried, but was too young to be accepted.
"It's not easy to be my sons because we're very high profile. We try so hard to give them a normal life," she said.
"I'm very, very tight with them about money. I don't give that money until they ask, 'I need 100 yuan for my lunch card,' and so on. So they never have extra money. But I think that still cannot compare to how we came, where we came (from)."

Friday, February 1, 2013

One of the world's great entrepreneurs whom I admire is the respected ethnic Chinese billionaire Robert Kuok Hock Nien  (his full name in traditional Chinese characters: 郭鶴年; simplified Chinese characters: 郭鹤年) of Malaysia and of the famous Shangri-la Hotel Group.

Robert Kuok is visionary, global in thinking, Confucian in values, an inspiring Asian business taipan!

(Image below sourced from sabahkini.net)





(Image below sourced from forbes.com, which sourced it from SPH or Straits Times)


 



Here is a latest story in Bloomberg News about this remarkable world-class success:

Billionaire Kuok Says His Empire Can Last ’Generations’

Bloomberg Markets Magazine

When billionaire Robert Kuok introduced a luxury hotel brand in 1971, he named it Shangri-La, after the fictional utopia in which inhabitants enjoy unheard-of longevity.

Ensconced in his executive suite 32 floors above Hong Kong’s Victoria Harbor -- the room decorated with a pair of elephant tusks gifted by the late Tunku Abdul Rahman, the first prime minister of Malaysia -- the world’s 38th-richest person appears to have defied the aging process himself.

Kuok Says With Right Heir His Empire Can Last `Four Generations’

Kuok Says With Right Heir His Empire Can Last `Four Generations’

Kuok Says With Right Heir His Empire Can Last `Four Generations’
Jumper/Getty Images
Western Europe's tallest office building will be home to one of Robert Kuok's new luxury Shangri-La hotels. Six are scheduled to be opened worldwide during the third quarter.


Kuok Says With Right Heir His Empire Can Last `Four Generations’

Kuok Says With Right Heir His Empire Can Last `Four Generations’

Kuok Says With Right Heir His Empire Can Last `Four Generations’
Grischa Rueschendorf/Bloomberg
Robert Kuok shovels dirt at a ground breaking ceremony for the Shangri-La Asia Ltd.'s new hotel in Guangzhou on Feb. 26, 2004. Through the unlisted family-owned holding company, Kerry Group Ltd., which he chairs, Kuok controls listed enterprises with a total market value of about $35 billion.


Kerry Group chairman Robert Kuok

Kerry Group chairman Robert Kuok

Kerry Group chairman Robert Kuok
Grischa Rueschendorf/Bloomberg
The world’s 39th-richest person, who named his Shangri-La hotel chain after the fictional utopia in which inhabitants enjoy unheard-of longevity, is trim, dapper and straight backed at 89. The public and private companies his family controls include investments in Beijing’s tallest building and cooking oil brands that have gained a 50 percent market share in China.
 

Kuok Says With Right Heir His Empire Can Last `Four Generations’

Kuok Says With Right Heir His Empire Can Last `Four Generations’

Kuok Says With Right Heir His Empire Can Last `Four Generations’
Imaginechina
Pedestrians walk past the headquarters of the South China Morning Post in Hong Kong. Robert Kuok's daughter, Kuok Hui Kwong, 35, is executive director of SCMP Group Ltd., which Robert Kuok took control of in 1993, when he paid Rupert Murdoch’s News Corp. $349 million for a 35 percent stake.

Kuok Says With Right Heir His Empire Can Last `Four Generations’

Kuok Says With Right Heir His Empire Can Last `Four Generations’

Kuok Says With Right Heir His Empire Can Last `Four Generations’
Qilai Shen/Bloomberg
Wilmar International Ltd.’s cooking oil brands —led by Jin Long Yu, meaning Golden Dragon Fish, seen in this photo — grease half of China’s woks and generate 48 percent of the company's revenue.


Kuok Says With Right Heir His Empire Can Last `Four Generations’

Kuok Says With Right Heir His Empire Can Last `Four Generations’

Kuok Says With Right Heir His Empire Can Last `Four Generations’
Eric Piermont/AFP/Getty Images
A waiter serves a customer at the bar at the Shangri-La Hotel in Paris.


Kuok Says With Right Heir His Empire Can Last `Four Generations’

Kuok Says With Right Heir His Empire Can Last `Four Generations’

Kuok Says With Right Heir His Empire Can Last `Four Generations’
Dario Pignatelli/Bloomberg
The development site for the Shangri-La Residences stands in Yangon, Myanmar on Nov. 20, 2012.
Photographer: Dario Pignatelli/Bloomberg

Enlarge image Kuok Says With Right Heir His Empire Can Last `Four Generations’

Kuok Says With Right Heir His Empire Can Last `Four Generations’

Kuok Says With Right Heir His Empire Can Last `Four Generations’
Marco Flagg/Bloomberg
A visitor looks out the window of Island Shangri-La hotel, owned by Shangri-La Asia Ltd., in Hong Kong. Robert Kuok’s second son, Kuok Khoon Ean, 57, heads Shangri-La Asia, of which the family owns 50 percent.
 

Kerry Group chairman Robert Kuok

Kerry Group chairman Robert Kuok

Kerry Group chairman Robert Kuok
ChinaFotoPress via Getty Images
Robert Kuok, chairman of Kerry Group Ltd., holds a trophy during the 2012 CCTV China Economic Person of The Year award at China Central Television in Beijing on Dec. 12, 2012.


Kuok had accumulated a fortune of $19.4 billion as of Jan. 31, according to the Bloomberg Billionaires Index. Trim, dapper and straight backed at 89, he shows no signs of stopping there, Bloomberg Markets magazine will report in its March issue.

This year, the media-shy Malaysian-born magnate will likely open his 71st sumptuously appointed Shangri-La. Six of them are scheduled to be opened in the third quarter alone, including one perched in the Shard, the 72-story London skyscraper that’s the tallest office building in Western Europe.

Meanwhile, the public and private companies his family controls continue to pump money into his ancestral homeland, China, where his investments range from Beijing’s tallest building to cooking oil brands that have gained a 50 percent market share in the world’s most populous nation.

‘Personally Powerful’

One of Kuok’s companies, Singapore-listed Wilmar International Ltd. (WIL), is the world’s biggest processor of palm oil and eighth-biggest sugar producer.

Others operate shipping and logistics businesses, a property portfolio stretching from Paris to Sydney and East Asia’s most influential English-language newspaper, the Hong Kong-based South China Morning Post.

“He’s so vital, so active and continues to be so personally powerful,” says Timothy Dattels, San Francisco-based senior partner at U.S. buyout firm TPG Capital LP and a director of Kuok’s Hong Kong-listed Shangri-La Asia (69) Ltd. “I can’t imagine a day without him at the top.”

Others can, which is why the question of succession looms over the Kuok empire as the patriarch prepares to mark his 90th birthday in October.

Through the unlisted family-owned holding company, Kerry Group Ltd., which he chairs, Kuok controls listed enterprises with a total market value of about $40 billion.

As it stands, the family enterprises are seeking to recover from a rocky 2012 that featured some sharp share-price and profit drops.

First Interview

In his first interview with Western news media in 16 years, Kuok, who has eight children and numerous other relatives sprinkled through his executive ranks, says he won’t be worried when that day eventually comes.

“Everything on earth is dynamic,” he says in perfectly enunciated English. “I can only give my children a message, not money. If they follow it, we can go another three or four generations.”
Relatives run the most important of the Kuok businesses.

Kuok’s second son, Kuok Khoon Ean, 57, heads Shangri-La Asia, of which the family owns 50 percent.
A nephew, Kuok Khoon Hong, 63, co-founded and chairs Wilmar International, the largest Kuok-controlled company, with a market value of almost $20 billion, in which the Kuok family controls a 32 percent stake.

A daughter, Kuok Hui Kwong, 35, is executive director of SCMP Group Ltd., publisher of the 109-year-old South China Morning Post, which Kuok took control of in 1993, when he paid Rupert Murdoch’s News Corp. $349 million for a 35 percent stake.

Focus Attention

As to who will succeed the master, most investors in Kuok enterprises focus attention on his eldest son, Kuok Khoon Chen, 58, who’s known as Beau.

Robert declined to confirm that Beau, who is deputy chairman of Kerry Group, will succeed him.
“Newshounds like excitement in their stories, whereas leadership of a business group is always a serious matter, and it would be wrong to put in writing any kind of assumption,” Kuok wrote in an e-mail following the interview.

Beau, who’s worked in his father’s businesses since 1978, is chairman of Kerry Properties Ltd. (683) The firm, 55 percent owned by Kerry Group, develops luxury apartments, shopping malls and offices mostly in China and Hong Kong.

“I know Beau, and he has a good team,” says Peter Churchouse, founder of Hong Kong-based property investor Portwood Capital Ltd. “But you have to wonder whether the second and third generations have the entrepreneurial and trading instincts that the father has.”

‘China Watcher’

The father’s instincts were honed over decades of personal and historical turbulence inconceivable to the generation vying to take over the family business.

That experience helped him become one of the first -- and best-connected -- foreign investors in China following Mao Zedong’s communist revolution.

“Robert is the best China watcher in the business,” says Simon Murray, chairman of Glencore International Plc, the world’s biggest commodities-trading company. “He understands the steel backbone of the Communist Party, but while other Hong Kong tycoons tend to be hugely subservient to Beijing, he is in no way obsequious.”

For all of Kuok’s prowess, 2012 was a tumultuous year for investors in his enterprises.

While Kerry Properties stock surged 57 percent in Hong Kong last year -- more than double the increase in the Hang Seng Index -- Wilmar International’s shares plummeted 33 percent, making it the worst performer in Singapore’s Straits Times Index. (FSSTI)

‘A Fraction’

The plunge wiped the equivalent of more than $8 billion from the company’s market value -- and almost $3 billion from the family’s fortune. This year, Wilmar’s share price has rebounded, rising 14 percent in January.

In any event, Kuok disputes Bloomberg’s valuation of his personal wealth at $19.4 billion; he says it’s “a fraction” of that amount, though he does not volunteer an alternative figure.

Wilmar’s woes stem from its massive exposure to China, where its cooking oil brands -- led by Jin Long Yu, meaning Golden Dragon Fish -- grease half the country’s woks and where it gets 48 percent of its revenue.

Beijing limited price increases on edible oils during most of 2011 and part of 2012, Wilmar said at the time.
Furthermore, the rising cost of soybeans, which Wilmar uses to produce cooking oil, hit a record $17.89 a bushel in September, squeezing earnings.

Rough Ride

In the first nine months of 2012, profit fell 29 percent to $779 million from $1.1 billion a year earlier.
Kuok’s Hong Kong-based companies have had a rough ride since the global financial crisis.

As of Jan. 31, Shangri-La Asia and Kerry properties shares were both down 19 percent compared with a 1 percent increase in the Hang Seng Index. Asked about such underperformance (583), Kuok says enigmatically, “It is right and proper for the investor to like or dislike a share.”

Underperformance isn’t the only problem at SCMP Group, whose share price had declined 69 percent as of Jan. 30 since Kuok acquired it. In 19 years, the South China Morning Post has churned through 11 editors, including one who served twice.

And although Kuok says his news executives publish without fear or favor, present and former staff members have publicly complained that the paper sometimes self-censors stories it thinks the Chinese government wouldn’t like.

‘Toned Down’

“Under his ownership, criticism of China has been toned down,” says David Plott, managing editor of Global Asia, a Seoul-based quarterly. “And if you look at the turnover of editors, it tells you one of two things: either Robert Kuok doesn’t know what he wants or he knows what he wants and he hasn’t gotten it.”
If that’s true, it might be a first for Kuok, whose life story has been one of single-minded achievement.

The son of Chinese immigrants who had settled in British- controlled Malaya, Robert Kuok Hock Nien -- his full name -- grew up speaking his parents’ Chinese Fuzhou dialect, English and even Japanese during Japan’s wartime occupation of the region.

Significantly, given the role China would play in Robert’s life, his mother encouraged him to achieve fluency in Mandarin and embrace his Chinese heritage.

Kuok’s parents ran a shop that sold rice, sugar and flour. Kuok recalls living with the smell of his addicted father’s opium pipe in his nostrils.

Family Business

Still, there was enough money for Robert to progress from a local English school to Raffles College in Singapore, where fellow students included Lee Kuan Yew, later the founder of modern Singapore.

Kuok never finished his studies. In 1941, Japanese troops stormed through the Malay Peninsula and in February 1942 captured Singapore. Kuok took a job with Mitsubishi Corp. With Japan’s defeat in 1945, his family resumed doing business under the British.

In 1949, after his father died, Robert; a brother, Philip; and other relatives founded Kuok Bros. Sdn., which later specialized in sugar refining.

Philip went on to become a Malaysian diplomat, and a second, much-admired brother, William, took an entirely different path again by joining the communist revolt against colonial rule. In 1953, William Kuok was killed by British troops in a jungle ambush.

Furtive Rendezvous

Robert Kuok, by contrast, used his English-language skills on visits to London to learn the sugar business while remaining based in Malaysia and later Singapore.

During the Cold War, he traded with both Western and communist blocs, meeting Cuba’s Fidel Castro and doing business with China’s Mao from as early as 1959.

In 1973, with China in the grip of the Cultural Revolution, Kuok was summoned to Hong Kong for a furtive rendezvous with two of Mao’s trade officials.

They confided that China was facing a sugar shortage. Kuok stepped into the breach, transferring his headquarters to Hong Kong that year.

It was a prescient move. In 1976, Mao died, and in 1978, Deng Xiaoping tore down the so-called Bamboo Curtain, initiating reforms that sparked 34 years of surging economic growth.

In 1984, Kuok opened his first Shangri-La on the mainland. The following year, he partnered with China’s foreign trade ministry to begin building the China World Trade Center (600007) in Beijing.

Enduring Mystery

In 1988, at his nephew Khoon Hong’s suggestion, he branched out into edible oils. By 1993, Coca-Cola Co. was impressed enough with Kuok’s China connections to form a bottling joint venture with him.
That lasted until 2008, when Coke bought back Kerry Group’s stake for an undisclosed amount, both companies pronouncing the outcome a success.

The family’s history of that period harbors an enduring mystery: a 16-year parting of the ways between Robert and Khoon Hong, who in 1991 left the Kuok Group to set up Wilmar with Indonesian entrepreneur Martua Sitorus.

It wasn’t until 2007 that Robert acquired a 32 percent stake in Wilmar and injected most of his agribusiness into it. Neither Robert nor his nephew would discuss the split.

For all his triumphs in the capitalist world, Robert Kuok says the biggest influences on his life were his devoutly Buddhist mother and his communist revolutionary brother, William.

‘Good Boys’

“Otherwise, probably I would have been an arrogant middle-class Chinese, only caring about materialism, worldly pleasures and fleshpot pleasures,” Kuok says, his moist eyes betraying a momentary sadness.

“When I am tempted, I think of what William went through. He sacrificed his life trying to help the underprivileged.”

Kuok says he has tried to pass on those values by not cocooning his children in privilege. Nor, he adds, does he place much emphasis on scholastic qualifications, including MBA degrees, when hiring senior staff.

Beau Kuok earned a bachelor’s degree in economics from Monash University in Melbourne; Ean holds a similar qualification from the University of Nottingham in England. Kuok describes Beau and Ean as “good boys.”

Among members of the extended family, Kuok speaks highly of Khoon Hong, his nephew at Wilmar.

‘Stupid Ones’

“There are stupid ones, there are mean ones, but he’s one of the cleverest,” Robert Kuok says. None of the second- generation Kuoks would comment for this article. Kuok says they make their own decisions. “I never control my children,” he says. “We are a very liberal, democratic family.”

The perils of succession are acute in Kuok’s bailiwick, according to researchers at the Chinese University of Hong Kong.

Their study of 250 family-controlled businesses in Hong Kong, Singapore and Taiwan from 1987 to 2005 shows that stocks typically plunged 60 percent over an eight-year period before, during and after a founder’s relinquishing control.

Joseph Fan, the finance professor who led the research, attributes this wealth destruction to the inability of the patriarch to pass on, even to family members, his most valuable, intangible assets, including relationships with governments and banks. “The founder is the key asset,” Fan says.

That’s why, Fan says, so many tycoons remain at the helm of their businesses well into their 80s and don’t disclose succession plans.

Octogenarian Rivals

Last year, following investor concerns over feuds that have split the second generation of some of Hong Kong’s most prominent families, two of Kuok’s octogenarian billionaire rivals in the property business, Li Ka-shing of Cheung Kong Holdings Ltd. and Lee Shau-kee of Henderson Land Development Co., finally disclosed which of their progeny would eventually take control.

TPG Capital’s Dattels says succession isn’t a concern when it comes to the Kuok businesses.

“There’s only one Robert Kuok, there’s no doubt,” he says. “But he has instilled his business philosophy deep into the family. With what he has built, they are well set to continue, whatever happens.”

Back at his Hong Kong headquarters, Kuok asks an assistant to bring him a favorite quotation. Written by his mother in Chinese and engraved on a steel plate, the aphorism reads:

“If my children and grandchildren can be like me, then they don’t require material inheritance. But if they are not like me, then of what use is my wealth to them?”

Those words beg the question investors in Kuok’s far-flung businesses are asking now more than ever: How like Robert Kuok are his heirs?