Red Roulette
by Desmond Shum · first published 2021
8mentions
2recommended by
7HN commenters
2021–2023first – last mentioned
29% recommend71% neutral
"After the Communist Revolution, Desmond Shum's grandfather was marked as belonging to a "black category" that included former landlords and rich peasants--meaning the Shums would be stigmatized and impoverished. As Desmond was growing up, he vowed his life would be different. Through hard work and sheer tenacity Shum earned an American college degree and returned to China to establish himself in business. There, he met his future wife, the highly intelligent and equally ambitious Whitney Duan who was determined to make her mark within China's male-dominated society. Whitney and Desmond forme
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…corrupt authoritarian dictatorship. They are not someone that countries with the rule of law should try to emulate. I recommend this book if you want an insider’s view of how China really operates: Red Roulette: An Insider's Story of Wealth, Power, Corruption, and Vengeance in Today's China https://www.amazon.com/dp/1982156155/ref=cm_sw_r_cp_api_glt_...
on “U.S. Corporations' Repatriation of Offshore Profits: Evidence from 2018” ↗Have you read this book? https://www.amazon.com/Red-Roulette-Insiders-Corruption-Veng... Desmond Shum fled China with his son after his wife, one of the richest women in China, was disappeared back in 2017. He was told all sorts of things, like a bullet was put…
…unless you can pull strings. But it’s fine ignore people who tell you truths in the name of anti racism however you want to spin criticizing well-documented business practices https://www.amazon.com/Red-Roulette-Insiders-Corruption-Veng... Fairly good summary but I have lived experience
This kind of situation is sadly usual in China and the World tends to turn a blind eye, like with the 'Uyghurs situation' so I hope WTA keeps the pressure. Coincidentally I'm reading Red Roulette by Desmond Shum. His wife is in a similar state than Peng Shuai.
on “China's Foreign Ministry 'not aware' of situation of tennis player Peng Shuai” ↗Red Roulette: An Insider's Story of Wealth, Power, Corruption, and Vengeance in Today's China Kindle Edition by Desmond Shum https://www.amazon.com/dp/B08VJP821L/ref=dp-kindle-redirect
on “A new book looks behind Xi Jinping’s anti-corruption campaign” ↗The actual book on Amazon: Red Roulette: An Insider's Story of Wealth, Power, Corruption, and Vengeance in Today's China https://www.amazon.com/dp/1982156155
on “A new book looks behind Xi Jinping’s anti-corruption campaign” ↗…bankruptcy to happen or not. EDIT: especially the foreigner lives in China spending time with his expats friends, no knowledge of the society, no knowledge of the business at all.. I just started reading Red Roulette, you will know, even you are Chinese, if you are not in the business circle, you don't know business..
on “China’s dodgy-debt double act” ↗Since the Russia-Ukraine war, there seems to be (expectedly) burying of dissent. I recently read the book Red Roulette where the author gave a first-hand narration of how elites used to disappear to nowhere in China (not necessarily dead). The pattern continues to repeat in Russia, lethally.
on “Suspicious deaths of Russian elites within the country since the war started” ↗