The new Chinese Australian entrepreneurs

Abstract

In what we believe is an Australian first, KPMG and the University of Sydney Business School conducted a research project into Chinese-born Australian entrepreneurs and the shape and state of their Australian businesses. Migrants into Australia are a vitally important part of this country’s economy, with the collective contribution expected to add an estimated $1.6 trillion dollars towards the economy by 2050. Migrants not only offer important economic benefits, they also bring diversity of thinking, innovation and growth to the Australian business landscape. Our research uncovered new business models and other innovative approaches that these Chinese Australian migrants brought to our business communities. These entrepreneurs, who grew up in Mainland China and experienced Australian tertiary education, have an understanding of the norms of doing business in both countries and can offer a bridge between the two cultures and markets.