This episode of the Asia Business Podcast features a deep dive into the complex arena of cross-cultural business dynamics with guest Ivy Yang, founder of Wavelet Strategy. Ivy brings a wealth of experience in public relations and a nuanced understanding of the U.S.-China macro relationship, making her insights invaluable for companies navigating these waters.
Email Ivy: ivy@waveletnyc.com
Ivy Yang is the founder of Wavelet Strategy, holds a BA from NYU, and an MBA from Columbia. Her extensive background in crisis management, financial media reporting, and media relations offers invaluable perspectives, particularly in the realm of cross-cultural business between the U.S. and China. Ivy also contributes to the Financial Times Chinese and has a Substack blog called "Calling the Shots," which is highly recommended for anyone interested in these topics.
The conversation kicks off with a hot topic: the potential shutdown of TikTok in the U.S. and the ripple effects on its massive user base. Ivy shares her perspective on the current media reports suggesting an imminent shutdown, drawing parallels with past events in other countries. As users consider migrating to RedNote (Xiaohongshu), Ivy provides her firsthand insights into this platform, noting its unique user experience compared to TikTok.
Ivy emphasizes the fascinating dynamic of TikTok "refugees" transitioning to RedNote, a starkly Chinese platform with no translation features. This migration, Ivy notes, represents an act of protest and defiance against geopolitical narratives. She describes the rich cultural exchanges unfolding in RedNote's comment sections, reminiscent of past platforms like Clubhouse that fostered U.S.-China dialogues.
Art and Ivy delve into broader challenges faced by Chinese brands in the U.S., notably in building trust amid geopolitical tensions. Ivy underscores the significance of defining a dual narrative to maintain a global brand perception while acknowledging Chinese roots and operations. Art adds to the discussion by highlighting brands like Lenovo that have navigated these waters successfully, contrasting them with current challenges faced by apps like TikTok and Shein.
The conversation explores the critical role of media relations in shaping public perception. Ivy argues that Chinese companies need to engage more proactively with media to manage narratives before they become defined by external forces. She stresses the importance of transparency and adapting to U.S. cultural norms in hiring and operations.
Ivy concludes with practical strategies for Chinese brands entering the U.S. market:
This episode serves as a crucial guide for navigating the complex landscape of U.S.-China business relations. Ivy Yang's insights illuminate how companies can better manage their cross-cultural narratives, engage with media, and respect local norms to succeed in the U.S. market. For those interested in more of Ivy's perspectives, her blog, "Calling the Shots," provides deeper dives into these topics. As the landscape continues to evolve, staying informed and adaptable remains key.
Timestamps
00:00 Introduction and Guest Introduction
01:17 Current Events: TikTok Controversy
02:58 The Migration to RedNote
06:38 Geopolitical Implications for Chinese Apps
09:56 Challenges for Chinese Brands in the U.S.
16:23 PR Strategies for Chinese Companies
27:52 The Role of Media and Owned Channels
33:44 Final Thoughts and Contact Information