Spot on research ! In china the culture of doing business is...

Spot on research ! In china the culture of doing business is very different from western countries. When there are so many competitors, and every competitors are pretty much on the same level, Guanxi is the key to differentiate. For example, Company A has good business relationship with Company B, and Company B's boss and Company C's old college roommate, of course B would do C a favour to help build a connection with A. Guanxi has always been highly valued throughout the few thousand years history of China.

Mr. Xipeng Li spent a lot of career working for the government. His Guanxi is so deeply embedded within both government and business sectors. He doesn't need to do much to pave the way for Jat & GK, all he need to do is to make few phone calls, arrange few dinner with his old buddies in the government and drink some Maotai together lol Within just a month, Jat has signed three contracts with Orient International, Netease and Jbingo, proving that Li's Guanxi is rock solid. To me, under 30c is still a no brainer.

IMHO DYOR GLTA