Light can transport data in higher volumes and speed than the current cable systems, shows an experimental setup at Shanghai´s Fudan University in the documentary “Smart China” at Discovery Channel. It documents how the massive data exchange at food chains in China can guarantee food safety. Our technology speaker William Bao Bean comments at the documentary.Read More →
Uber learned much from the failures of other American internet companies who tried to enter the China market, but still failed. China veteran Kaiser Kuo looks in ChinaFile at the competitive market in China, making it almost impossible for foreign internet companies to gain substantial market share. Read More →
American internet companies have lost in the competitive China market one after another: Google, Yahoo, Facebook, Ebay, Twitter, YouTube. Compared to them Uber did an amazing job, says innovation expert William Bao Bean to LA Times. “It was a draw.”Read More →
Americans believe that China´s censorship at the internet is stifling creativity in the tech industry. Wrong, says tech commentator Kaiser Kuo who recently left internet giant Baidu as communication director to return on the US in the Washington Post.Read More →
When it comes to making money, Chinese e-commerce is more creative and successful, than any of their US counterparts, says VC William Bao Bean to the Washington Post. However, Chinese start-ups need to show they can generate enough revenue to make the model work in the middle term.Read More →
Most of the American internet companies like Facebook still make money through advertising, while their Chinese competitors like WeChat and Weibo make money through selling all you can think of, tells Shanghai-based VC William Bao Bean to AP. They are way ahead of Facebook.Read More →
For long China has been displacing Western companies by cheaper products. But many have failed to see how this displacement has been overtaken by disruptive business models, writes IMD professor Bill Fischer in the Harvard Business Review.Read More →
China´s call for innovation has caused a lot of action by government departments on different levels. But most initiatives are run by officials or universities, not the experienced business people the markets need, tells William Bao Bean, the managing director of one of the Chinese incubators to Reuters.Read More →
Whether China is copying or innovating is a useless discussion, says VC William Bao Bean to the South China Morning Post. Everybody is building on previous experiences, he says, but certainly in social commerce, how to sell online, China is way ahead compared to other parts of the world.Read More →
Can Asia produce its own Mark Zuckerberg, the founder of Facebook? “No,” noted the reporter of E27 from a speech Chinaccelerator director William Bao Bean gave at the Echelon Asia Summit 2016. Unfortunately, the reporter did not wait for the second part of the speech, and William explains why Google and Facebook changed the playing field at Facebook.Read More →
The e-commerce industry is still relatively young, and on the corporate battlefield to two, three big players, many smaller companies will succumb, predicts retail analyst Ben Cavender in the China Daily. What does it need for companies to survive in China?Read More →
Last month the financial startup BitMEX won the first place in Singapore among 475 other startups. BitMEX offers traders an account, allowing them to trade in bitcoins. A winning proposition, tells ex-banker William Bao Bean to Bloomberg, as many try to siphon capital out of China.Read More →