Hangzhou, 2017. A coffee shop two blocks from J Group, where an Americano cost forty-two yuan — about triple what the same cup cost in a Fukuoka convenience store. The location was the point. I came in that morning to meet two people who would, within six weeks, be my business partners. L was a returnee with a thin frame and an address book that mapped the mainland health economy. C was an e-commerce operator who never ordered the forty-two-yuan coffee. They did not particularly like each other. They respected each other. That is a different thing.

In this episode: Hangzhou, a Chinese-Taiwanese partnership, what a haigui knows, capital meets care.

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⚠️ Personal reflections only. Not medical practice, diagnosis, or treatment advice. Please consult your physician. Names have been changed.