Mongolia’s Altai Holding— a conglomerate of ten companies, including robust and leading companies in various sectors— headed by a western-educated, young, and innovative leader Battushig Batbold has been at the forefront of change in the fast-growing Asian democracy in the last twenty plus years. Altai Holding was created in 1992, at the time of Mongolia’s transition from socialism to a market economy, by Battushig’s father Sukhbaatar Batbold, a shrewd entrepreneur and a charismatic politician, who later served as the country’s 26th prime minister from 2009 to 2012. The company started in the traditional cashmere industry as the first privately-owned trader of Mongolia’s cashmere on the foreign market as well as one of the few local hospitality businesses through the Chinggis Khaan Hotel, and has since expanded to modern brick-and-mortar retail and e-commerce, hospitality, telecommunications, and entertainment. In the early 1990’s, the elder Batbold, Sukhbaatar Batbold was one of the young successful business-minded people who would create a successful conglomerate, and later after attracting the attention of the political leaders, would become a successful politician after entering politics in the ’00s.