Not enthusiastic about taking over
UP to 82 percent of second-generation entrepreneurs in China are unwilling to take over their family businesses, the Management School of Shanghai Jiao Tong University found after polling 182 market-leading companies.
Some passively take part in management while others are eager to start up their own enterprises. But unlike their parents, they are more interested in investment and e-commerce than traditional industrial business, such as manufacturing.
The management school said finding someone to take care of the family-held companies has become a pressing task as their founders, 52 years old on average, will be approaching retirement age in the next decade.
Some passively take part in management while others are eager to start up their own enterprises. But unlike their parents, they are more interested in investment and e-commerce than traditional industrial business, such as manufacturing.
The management school said finding someone to take care of the family-held companies has become a pressing task as their founders, 52 years old on average, will be approaching retirement age in the next decade.
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