Last July, QSL Sports, a company backed by a Chinese tycoon, Adrian Cheng, and a Chinese-born American entrepreneur, Kenny Huang, reached an agreement with the government to create a youth league.
Cheng admires a carbonized-steel wok with a weighty magnolia wood handle and explains the difference between Shanghainese and Cantonese woks (the Shanghainese are deeper and rounder).
FORBES: Restaurant Mogul Tony Cheng's Hong Kong: Table By Table
"So the more we succeed, we can bring more jobs and better economy for the US, so it's a win-win situation, " said Cheng.
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Adrian Cheng invented a powerful non-invasive, high-speed microscope technology for imaging the activity of thousands of cells in the brain simultaneously, in real time, offering a view of neural circuits at work.
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Cheng co-founded The Deftones, a Sacramento, California, alternative metal band, in 1988.
Outside, Tony Cheng patiently waits for a pair of the tai-tais with hair-spray-stiffened bouffants to climb into a taxi.
FORBES: Restaurant Mogul Tony Cheng's Hong Kong: Table By Table
Last week at CTIA, we sat down with Lixin Cheng -- CEO of ZTE USA -- for a candid discussion about the company's future in the US. The conversation started with ZTE's current portfolio in the US, which consists of 18 SKUs -- primarily inexpensive Android smartphones (most with LTE) for the prepaid market.
For such super-rich Chinese, an invitation to a lavish weekend is not enough, Mr Cheng explains.
Cheng spent five months in a detention center and now works in a low-profile media job.
"Chinese people put quite a lot of value on 'face, ' " says 23 year-old winner Cheng Pei Quan, who earned the nickname "The King of Collars" because he can sew 95 collars an hour, a third more than average.
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While 15-hour days in the kitchen are no longer the norm, Cheng still works a heavy schedule, dropping in on two of his restaurants every day to make sure things are going smoothly.
FORBES: Restaurant Mogul Tony Cheng's Hong Kong: Table By Table
"We want to make people feel as if they are home, " says Wei Cheng, a hotel manager in Hangzhou, near Shanghai, although few Chinese homes have Day-Glo walls.
Victor Cheng, a former McKinsey consultant who now advises aspiring management consultants, recalls a push in the mid-1990s to increase the firm's female partners.
New World Development, the Hong Kong conglomerate controlled by billionaire Cheng Yu-tung, is eyeing the spinoff of its some its hotel and hospitality assets amid a regional boom in the industry.
FORBES: Amid Hong Kong Hotel Boom, Billionaire Cheng Yu-tung's New World Weighs Spinoff
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