Loosely translated, guanxi means "connections" and, as any China veteran will tell you, it is the key to everything: securing a business license, landing a distribution deal, even finding that coveted colonial villa in Shanghai.
Fortunes have been made and lost based on whether the seeker has good or bad guanxi.
One of Asia's most successful businessmen, Hong Kong billionaire Li Ka-shing, has parlayed his guanxi particularly astutely over the years, in the process winning valuable licenses and permission to build huge real estate developments.
Today he runs a YouTube wannabe called Tudou that was built largely on connections made at business school.
They're looking for business connections who can help them expand outside China or get their company listed on a foreign exchange.