By going global, it's important to manage the balance between globalization and regionalization, transforming the business model from cost advantage to long-term value creation, said Daniel Li Donghui, vice chairman of Zhejiang Geely.
Sharing at the Asian Financial Forum, He also noted that he doesn't think it's the best idea to simply increase capacity in every country, as many countries including European countries may face the challenge of over-capacity.
At the same panel discussion, chief financial officer of Alibaba (9988), Toby Xu Hong, pointed out that Hong Kong definitely is a very important hub in terms of raising capital and communicating with investors.
Through the Stock Connect program, the tech giant's shareholding from the mainland investors grew rapidly to 11 percent, providing support for its liquidity, Xu added.
Li Zhenguo, founder and chief technology officer of LONGi Green Energy Technology, noted that technological leadership should be prioritized for Chinese enterprises' global expansion.
The Chinese solar manufacturing giant said it has lowered the cost of photovoltaics by 95 percent in the past 15 years.
