When did you start running China Universal?rnI came back from the United States to set up the company in April, 2004. After graduation from Harvard Business School I worked for State Street Global Advisors. Prior to that, I was with the Shanghai Stock Exchange and was involved in setting up the first closed-end mutual fund in China back in 1998.rnWhat are some of the advantages you have over your competitors?rnWe are a long-term stock picker. We build our capability on going deep into Chinese companies, getting to know management, suppliers, buyers, board members, employees even local government, etc. We build our competitive advantage on deeply understanding Chinese companies. To give you examples, we were one of the first and earliest investors in Suning Appliance and Moutai Distillery. Both companies are 20,30 baggers and have rewarded us nicely.
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