Chinese Business History Webinar

The Yudahua Business Group in China's Early Industrialization

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2022-09-09 09:00:002022-09-09 10:00:00Asia/Hong_KongThe Yudahua Business Group in China’s Early Industrialization

Chinese Business History Webinar

The Yudahua Business Group in China’s Early Industrialization

Dr. Juanjuan Peng
(Georgia Southern University)

Date/Time: September 9, 2022, 9:00 – 10:00 am HKT (September 8, 2022 | 9:00 – 10:00 pm EDT)
Language: English
Venue: Conducted via Zoom
Enquiry: (Email) ihss@hku.hk

    2022-09-09 09:00:002022-09-09 10:00:00Asia/Hong_KongThe Yudahua Business Group in China’s Early Industrialization

    Chinese Business History Webinar

    The Yudahua Business Group in China’s Early Industrialization

    Dr. Juanjuan Peng
    (Georgia Southern University)

    Date/Time: September 9, 2022, 9:00 – 10:00 am HKT (September 8, 2022 | 9:00 – 10:00 pm EDT)
    Language: English
    Venue: Conducted via Zoom
    Enquiry: (Email) ihss@hku.hk

      Overview

      Title:

      ​The Yudahua Business Group in China's Early Industrialization​

      Speaker:

      Dr. Juanjuan Peng (Georgia Southern University)

      Date/Time:

      September 9, 2022, 9:00 – 10:00 am HKT (September 8, 2022 | 9:00 – 10:00 pm EDT)

      Language:

      English

      Enquiry:

      Title:

      The Yudahua Business Group in China's Early Industrialization

      Speaker:

      Dr. Juanjuan Peng (Georgia Southern University)

      Date/Time:

      September 9, 2022, 9:00 – 10:00 am HKT (September 8, 2022 | 9:00 – 10:00 pm EDT)

      Language:

      English

      Enquiry:

      Abstract

      By tracing the history of Yudahua from the late nineteenth century to the middle of the twentieth century, this study analyzes a successful inland business model among textile companies in modern China. The steady growth of this enterprise relied primarily on its strategy to focus on low-end markets and to locate new mills in underdeveloped interior regions. This strategy further allowed the enterprise to pioneer industrialization in its host localities, demonstrating a major social and economic impact on the local societies. At the same time, Yudahua’s unique team leadership pattern—five leading families shared its ownership and management—made the business an atypical family firm and allowed relatively easy institutional departure from Chinese social networks and adoption of Western corporate hierarchy. Therefore, by the late 1940s, Yudahua had gradually developed into a fairly integrated business group with a unified management structure and routinized connections between its member mills, which differed noticeably from the loose alliances normally found in other early twentieth-century Chinese business conglomerates.

      About the Speaker

      Juanjuan Peng is associate professor of history at Georgia Southern University.

      POSTER