3rd Generation Chinese

[samsungster]

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It is said that the great wealth of Chinese businessmen do not pass on to their third generation or grandchildren. Is there any truth in this old saying? This runs parallel to an old Chinese saying that "Business (and wealth) cannot survive three generations."

Take a stroll along Dasmariñas and Juan Luna Streets with your grandfather and he will be pointing to you the familiar landmarks. “That is the Uy Chaco Building and we had just passed the old Yutivo Building�. You will hear him reminisce about the great Chinese businessmen of the yesteryears.

The Mabasa, UyChaco, Roxas-Chua, Uy Su Bin, Uytivo, Chualimco and many more names sound puzzling and unfamiliar to you. To answer your question: “Where are their successors?� invariably the reply is “Chinese business does not pass the third generation.�

Simply put, it is said that the great wealth of Chinese businessmen do not pass on to their third generation or grandchildren. In their places, we now see the new waves of Lucio Tan, George Ty,

Tony Tancaktiong, Henry Sy and John Gokongwei, among others. Is there any truth in the saying?

[lupind3rd]

sometimes i do believe, as what i know that the KIMWA contruction is one of the biggest contractor here in cebu they even have foundry before whose people are making propellers for bigger ships. And as of now you can see than they almost don't have a lot of contracts. lots of dead heavy equipments in there house.

[neishan731]

i dnt know...but as i have known... the business of my boyfrend's ankong is still passd on up to his father and its brothers...

[crinkle]

the Filipinization of the Chinese's 3rd generation?

[samamar21]

yes i believe jud cz i know some...

[sassy_suzzy]

i am part of this 3rd generation na... and i believe its true.

my grandpa's business kay wala gihabilin sa akong mom, but to her bro... mas maayo man jud mudala sa negosyo ang lalake according to my lolo.

[Angelo937]

business depends on the situation on the family. lisod na man gud kung third gen na nya daghan na kaayo mga relatives ug mga cousins nga maghandle. one more thing, sometimes ang mga igsoon or in this case third gen families doesnt trust much on each other. ang resulta, mag away na hinuon sa inheritance. nya kana sang corruption within the family, magiyahay na ug kuha which leads to the collapse of the business. look at what happened now to ludo and luym, nagkagubot sila.

Sassy : if your a chinese, way habilin nga business ang mahatag to the women of the family unless gisabutan ra sa imo lolo nga tagaan ug habilin ang mum nimo. which in some cases ang dowry nga hinatagan sa pagengagement sa imo parents muy gihimoan nga habilin. there are also some cases nga ang mga male siblings ok ra paapilon ang female siblings nila.

usa pud...... in your lolo's perspective and in my perspective lahi ra gyud, dili man tanan laki maayo mudala sa negosyo. there are some women who do the work better than that of their better half.

one more thing dili sad ang filipinization of the chinese's third gen, naa ra na sa pagdala. ma pinoy ka ma insik ka or ma mestiso ka maayo mu mudala sa negosyo bisag gamay or dako molabong gihapon na. TIYAGA LANG YAN! mag tinapulan na man gud nang 3rd gen usahay kay huna huna nila they are financially stable na.
to qoute "in the next generation, life will be more difficult than that of the previous generations" hunahunaa lang in the future, daghan na tao, daghan sad mangita ug kwarta. if people on the later generations just think that what the previous generations had laid before them is already enough, think of new lucio tan's, henry sy's, and other business tycoons to spring forth if they dont guard enough their bread and butter.


WHEW!

[limsitek]

all business must be pass to the son, not to their daughter coz once maminyo na na, didto pud cya mutabang sa iya bana who has also a business gibilan sa iya dad.

[battouter]

tanan man cguro ingani jud tanan dil lang chinese...

1st GEN - work! work! work!
2nd GEN - spend! spend! spend!
3rd GEN - pobre na

[jamescebu]

interesting