Ever wondered what it's really like to run a business in China? From surviving the early 2000s recession to building innovative platforms, learn how these two seasoned Singaporean entrepreneurs spent over a decade building their ventures in the world's second-largest economy. Expect raw, unfiltered insights about the real challenges, unexpected opportunities, and what it truly takes to succeed in China's fast-paced business environment.

Guests:

Roy Lin, Founder, GenTM—13 years in Shanghai, social entrepreneur focusing on connecting master tailors globally
Keith Ng, Founder, Emilica Homes—22 years in Kunshan—runs a furniture manufacturing business with 200+ employees

Key highlights from our conversation:

The unexpected journey that turned a two-year China stint into a decade-plus adventure
Why some Singaporean entrepreneurs are still finding unprecedented opportunities in China's evolving economy
Raw truths about running a business in China—from late-night negotiations to navigating complex regulations
A fascinating new venture to revolutionize the global tailoring industry
Compelling insights about China's intense work culture and what it means for aspiring entrepreneurs

Whether you're an entrepreneur eyeing the Chinese market, curious about international business, or interested in understanding the real story behind China's economic transformation, this episode offers authentic perspectives from someone who's lived it firsthand.

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00:54 Introducing Roy Lin, Founder of GenTM

01:59 Introducing Keith Ng, Founder of Emilica Homes

08:33 How affordable is the cost of living in Kunshan?

16:48 Are the costs different or similar across the zones?

22:38 Does the trade wars affecting the quality of life?

24:38 How does the labor law works in China?

29:28 With the difficulties of living in China, Why would you still stay?

32:58 For the upcoming entrepreneur, how do you encourage them?

36:18 Despite all the struggles, is it truly worth it?

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Disclaimer: The content discussed in this episode is intended for educational purposes only and should not be considered as financial advice. The information provided is based on our understanding at the time of recording and may not reflect the current regulations or market conditions. The opinions expressed by guests are their own and do not necessarily represent those of The Financial Coconut. Please do your due diligence before making any investment or financial decisions.

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Singaporeans’ China Dream, Career, Business & Family in Shanghai [Chills 219 ft Roy Lin & Keith Ng]

The Financial Coconut Podcast