Richard Rahul Verma (born 1968) - Dec 2, 2019 "The Tea Leaves" podcast (hosted by The ASIA Group and Richard Verma, with guest Piper Stover, suggests a longer-running collaboration between Richard Verma and Piper Stover.
Melissa Chen (born 1985) - Both directors/founders at "Strategic Risks" as of 2023
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25 years advising CEOs of multinational corporations and entrepreneurial start-ups, U.S. government officials, investors, and non-profit organization leaders on the business risks and opportunities working with China and Asia interests. Experienced executive and change agent of multinational and start-up high-tech organizations. Able to identify and resolve complex issues in short order. Create diverse, reliable and high-performing teams with strong support network effects. Highly-proficient Mandarin.
Liked by Piper Lounsbury Stover
Liked by Piper Lounsbury Stover
Inspirational read to kick off the weekend! #lifelonglearning
Liked by Piper Lounsbury Stover
Managing Director & Founder
Red Trillium, LLC
Dec 2020 - Present1 year 1 month
Lead seasoned network of China and Asia-focused subject matter experts helping clients adjust competitive strategies and manage growing operational challenges in China
Co-Founder
Nelltech Corporation
Jan 2018 - Feb 20213 years 2 months
New York
Incubated biotech start-ups (BINC Technologies, LLC and Nelltech Corp.) merging machine learning with living system principles for transformative health and environment applications. Early efforts led to strategic collaboration and sales opportunities with leading biopharma companies for pre-clinical biopharma drug discovery and development, negotiations with universities interested in IP commercialization and co-founder collaboration with NASA’s Astrobiology division to explore origin of life…
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Strategy Advisor
The Tech Garden
May 2017 - Feb 201810 months
Syracuse, New York Area
Guided several Central New York-based start-ups in various stages of growth with focus on Asia supply chain adjustments.
Corporate Executive Director & President - China (UTMC)
United Technologies
Nov 2013 - Apr 20173 years 6 months
Beijing City, China
UTC employed ~22,000 staff in China and operates 24 factories and ~500 offices nationwide.
Recruited by Connecticut headquarters to rejoin United Technologies (NYSE:UTX)) and lead its corporate team in China ("UTMC"). Resolved complex business challenges for United Technologies subsidiaries located in over 15 provinces. Advised headquarters on all China matters. Created and implemented strategies in targeted municipalities leading to multi-million dollar revenue from infrastructure projects. Developed company relationships with senior U.S. and China/Asia government officials and stakeholders. Created first in-country P&L China Leadership Council. Maintained coordination with UTC international legal, ethics and compliance functions. Elected Board Member of the American Chamber of Commerce - China, 2015 and 2016. Repatriated to USA for family.
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Vice President, China Operations
US-China Business Council
Jan 2013 - Dec 20131 year
Beijing, China
Recruited by Washington, DC headquarters to lead and evolve China programming and teams to provide cutting-edge market and industry analysis to American Fortune 500 member companies; overhauled and updated back-office operations within several months; developed relationships with senior U.S. and Chinese government officials, business and thought leaders facilitating U.S.-China business; led advocacy efforts on behalf of members.
The United States-China Business Council (USCBC) is a private, non-profit organization of American corporations doing business with China. Founded in 1973 and based in Washington, DC, USCBC provides member companies with information, advocacy and business advisory services in the United States and China. USCBC China Operations maintains offices in Beijing and Shanghai. https://www.uschina.org
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Director
China Greentech Initiative
Mar 2011 - Dec 20121 year 10 months
Beijing, China
Recruited to lead & re-energize start-up platform R&D team covering six cleantech sectors: water, conventional & renewable energy, electric power infrastructure, green building, and transportation. Delivered operational support to early-stage platform member companies; served as management team adviser to evolve business strategy and communicate with venture capital interests; led and supported recruitment and career development of all staff. Operated in Mandarin and English.
China Greentech Initiative (CGTI) was a cutting-edge international commercial platform start-up (http://www.china-greentech.com/Home) focused on identifying, developing and promoting clean technology solutions in China before acquisition by the Paulson Institute in 2014.
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Principal / Consultant
.
Jan 2004 - Aug 20117 years 8 months
Burlington, Vermont Area
Created consultancy (LLC) and team to support small and mid-size US companies and organizations working with Asia & China focusing on business development, market and industrial research, business strategy. Specialized in clean tech sectors. Established and directed first-ever Mandarin language training department and staff for Vermont Commons School www.vermontcommons.org (2006 - 2008) and built cutting-edge computer modeling education partnership with school in Jiangsu, China focusing on systems science and sustainability applications; this new program became the #1 satisfier of students at the school.
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Manager and Strategy Analyst
The Boeing Company
2000 - 20022 years
Greater Seattle Area
Developed international marketing strategy (Europe and Asia) for Boeing Commercial Airplane Group's executive leadership team under then CEO, Alan Mulally; coordinated headquarter's issues management function with Boeing's Washington, DC international affairs division; managed segment of Boeing's Global Leadership Program, developing business case studies and scenarios for Boeing's executive training in China, Germany, and Australia. Planned to resettle northeast near family after 9/11.
Manager, China (Beijing)
United Technologies Corporation
Jan 1999 - Mar 20001 year 3 months
Beijing, China
Recruited by UTC's chief representative for China to manage series of corporate projects, including business development campaigns and market research for China investments. Managed all government affairs/public policy strategic planning. Served as Vice Chair, Public Policy Committee of American Chamber of Commerce; focused on tech sector. Elected to repatriate to Seattle after working several years in China.
Director (Acting) & Deputy Director, China Operations
US-China Business Council
Jun 1994 - Dec 19984 years 7 months
Beijing, China and Washington, DC
After working in Washington, DC headquarters, was seconded to China to support and then direct Beijing operations, including business advisory services for USCBC's corporate membership focused on investment strategy and best practices, license registration issues, regulation changes and industry trends. Specialized in IT and aerospace sectors. Routinely briefed senior American executives and government officials on business operational challenges in China.
Middlebury College
Bachelor's degree
1989 - 1993
INSEAD
Leadership Development for Executives
2014 - 2014
Feng Chia University
-
1992 - 1992
Norwich University
Master of Business Administration - MBA
2009 - 2010
House Select Committee on the CCP – Risky Business: Growing Peril for American Companies in China
House Select Committee on the Chinese Communist Party
Risky Business: Growing Peril for American Companies in China
Thursday, July 13, 2023
Topline
Democrats asked panelists about the state of the Chinese economy and the accuracy of their data.
Republicans voiced concerns that involvement of American companies with China hurts the American economy and financial system.
Witnesses
Ms. Piper Lounsbury, Chief Research and Development Officer, Strategy Risks
Mr. Shehzad Qazi, COO and Managing Director, China Beige Book International
Mr. Desmond Shum, Author of Red Roulette: An Insider’s Story of Wealth, Power, Corruption and Vengeance in Today’s China
Opening Statements
Committee Chairman Mike Gallagher (R-Wis.)
In his opening statement, Gallagher discussed the differences in US and Chinese business strategies. He noted that China is withholding information from clients on companies and suggested that there is no such thing as a private company in China. He closed by stating that it’s time for American corporate executives to take off the golden blindfolds and stare with clear eyes on doing business with China.
Committee Ranking Member Raja Krishnamoorthi (D-Ill.)
[See https://en.wikipedia.org/wiki/Raja_Krishnamoorthi ]
In his opening statement, Krishnamoorthi noted that for more than 50 years, the US has welcomed the CCP into the global economy. He noted that the US was promised fair access to a Chinese market that would transform American companies and provide new opportunities for American workers. He said that the CCP has used IP theft to steal our technology and become the world’s largest auto manufacturer. He closed by saying it’s time to invest more in America.
Testimony
Piper Lounsbury, Chief Research and Development Officer, Strategy Risks
In her testimony, Lounsbury suggested that the CCP’s goals are to replace American firms and businesses while using them in the near term. She noted that American CEOs are increasingly concerned about the risks from doing business in China and noted that the risks are intensifying. Lounsbury also noted that American information is going to China, but Chinese information is not coming to the US. She closed by recommending that Congress examines how American biometric information is secured.
Shehzad Qazi, COO and Managing Director, China Beige Book International
In his testimony, Qazi discussed how Chinese data is widely unreliable and unavailable. He noted that the censorship of economic data has risen, and that China and the Chinese economy are more of a blackhole today than since China joined the WTO in 2001. He said it’s impossible for outsiders to know the economic conditions in China and that banks are taking part in self-censorship to please the CCP. He closed by noting that Wall Street does not represent China honestly which ends up hurting American investors.
Desmond Shum, Author
In his testimony, Shum noted that in China there is no such thing as a level playing field. He said that for those working in China, you either prosper when working in favor of China, or you perish. He noted how the CCP kidnapped his wife when his business interests were not in favor of the CCP and said that political power trumps everything in China. Shum closed by asking American policymakers to decide on what’s best for Americans, and not allow American corporate leaders to do so.
Question & Answer
Data and Censorship
Krishnamoorthi asked if American investors are at great risk due to false information from China. Qazi said they absolutely are at great risk and that China is an information desert.
Rep. Blaine Luetkemeyer (R-Mo.) asked if there are any ways for the US to force Chinese companies to provide real information. Qazi noted that the SEC should have more authority granted to press for more information and data from Chinese companies.
Rep. Dan Newhouse (R-Wash.) asked if American intellectual property can be used against US firms and companies. Shum said intellectual property can be used against US firms and companies.
Rep. Dusty Johnson (R-S.D.) asked if Americans can trust any of the data indexes that come from China. Qazi noted that not a single data index produced by China should be trusted.
Chinese Involvement
Krishnamoorthi asked Shum why investments in Hong Kong decreased after the CCP got involved. Shum said that people do not trust the CCP so they are investing their money where there is no CCP involvement.
Rep. Jake Auchincloss (D-Mass.) asked if Chinese citizens continue to be upset with the CCP what might happen. Shum said that nothing will happen since Xi has spent the last decade purposefully stopping any resistance from Chinese citizens.
Rep. Mikie Sherrill (D-N.J.) asked how pervasive the CCDI is in the Chinese economy. Shum said the CCDI sees all transactions made by companies in China and that they are very pervasive.
Rep. John Moolenaar (R-Mich.) asked if there is any separation from the CCP and the PLA. Lounsbury said there is no separation.
Rep. Haley Stevens (D-Mich.) asked if the motives of the CCP were political or economic. Qazi said that fundamentally the CCP’s motives are political.
Economy and Financial System
Gallagher asked if the US economy and financial system is put at risk if CCP data is untrustworthy. Qazi said it absolutely can hurt the US economy and financial system.
Rep. Seth Moulton (D-Mass.) asked about China’s current debt. Qazi said there is no information put out by the Chinese government, however, if he were to estimate, it would be hundreds and hundreds of billions of dollars.
Moulton then asked Qazi what unemployment looks like in China. Qazi said there is about 26% of young Chinese citizens that are unemployed.
Rep. Andy Barr (R-Ky.) asked Lounsbury to describe the differences in a shareholder that’s invested in a Chinese VIE structure versus a regular structure. Lounsbury said that VIE structures are very hard to track and trace. Barr then asked if Congress should ban VIEs, but no panelist could give an answer.
Rep. Kathy Castor (D-Fla.) asked if the CHIPS Act and Inflation Reduction Act are working and helping our economy. Lounsbury said they are a great first step, but more needs to be done to help the US economy.
JAMES A. STOVER SR. Aug. 30, 1929 - July 18, 2009 ROCHESTER - Honoring his wishes, there will be no funeral or memorial. Jim placed great stock in the value of education and was a generous benefactor in his local co
Download the MP4 : [HV01JS][GDrive]
Hosts incude : Richard Rahul Verma (born 1968) / Guest is : Piper Anne Lounsbury Stover (born 1970)
2000 (Sep 17)
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?frederick lounsbury
1996 - Karen Lounsbury (mom)
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Name : Piper A Lounsbury / [Piper Lounsbury Stover] / [Stover Piper]
Birth Date: Aug 1970
Residence Date: 2014-2020
Address: [....] / Cazenovia, New York, USA
Mrs. Piper Anne Lounsbury
[Mrs. Piper Anne Stover]
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