Marwari business model

Discussion in 'Economy & Infrastructure' started by nrupatunga, Apr 9, 2013.

  1. nrupatunga

    nrupatunga Senior Member Senior Member

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    The Marwari business model-I

     
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  3. nrupatunga

    nrupatunga Senior Member Senior Member

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    The Marwari business model-II
     
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  4. nrupatunga

    nrupatunga Senior Member Senior Member

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    Continuing from part 2 article.

     
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  5. Simple_Guy

    Simple_Guy Regular Member

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  6. Singh

    Singh Phat Cat Administrator

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    Personal Anecdote: My Great Great Grandfather used to deal with Marwaris. He even knew their secret trade language.
     
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  7. Simple_Guy

    Simple_Guy Regular Member

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  8. Simple_Guy

    Simple_Guy Regular Member

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    Gujarati business community and Gujarati language
     
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  9. Simple_Guy

    Simple_Guy Regular Member

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  10. tarunraju

    tarunraju Moderator Moderator

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    Any business model is deemed "successful" when it's effective at tax-evasion.
     
  11. amoy

    amoy Senior Member Senior Member

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    Interesting! That makes me relate to Chinese Shanxi merchants community (Jinshang). Firstly as local traders, pawnshops and money lenders, they emerged as army provision providers in Qing Dynasty's wars with Mongol and Russia.

    They later became financiers for Mongolian princes. With broad trading/financial network from all over China to Russia Jinshang were able to issue bank notes (yinpiao) as a prototype for modern banking.

    They also developed a secret business language and special anti-fake marks on bank notes in absence of modern tech,.

    The most prominent may be Kung, Chiang Kai-shek's in-law, who once was ROC finance minister.


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  12. tarunraju

    tarunraju Moderator Moderator

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    Do they continue to have influence over modern PRC politics?
     
  13. amoy

    amoy Senior Member Senior Member

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    old Jinshang (Shanxi merchants) declined becoz 1. unable to keep pace with changes brought up by influx of western capital after opium wars 2. loss of key markets Outer Mongolia (secession) and Russia (revolution) 3. continuous warlords infighting during ROC.

    now new Jinshang are mainly nouveau riche mostly engaged in coal mining. political imfluence - many are implicated in bankruption or corruption scandals of high ranking officials lately.

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