China´s farewell to double-digit growth is causing multinational companies headaches, also in the services industry where China is heading to, writes financial analyst Sara Hsu in the Diplomat. Now the downturn seems manageable, but she sees a rocky way ahead.Read More →
Many foreign companies fail when they try to enter the China market. According to William Bao Bean, a partner at Shanghai venture capital firm SOSV, dealing with over 120 startups per year, that is because they follow too often the instincts they take along from their home market. Wrong, he tells in the South China Morning Post.Read More →
For more than a decade the Hong Kong newspaper South China Morning Post has been destroying its image as a quality paper it still was in the 1990. Key journalists were fired or walked away voluntarily. The purchase by Alibaba gives observers new reason for worry. It does not make sense, says business analyst Shaun Rein in the Star Beacon Herald.Read More →
“Should I bother to come to China, people ask often, The answer generally is: No.” William Bao Bean talks to a group of Israeli startups in Tel Aviv. “When you use your gut feeling in China, you are mostly wrong. In China technology is not important, its about cash, friends or both.” Lessons from a seasoned investor, who says you can only succeed if you have an “unfair advantage”.Read More →
Getting your product into the market could be a costly adventure in the past. But Tencent´s WeChat is offering a cheap alternative for startup companies, says William Bao Bean managing director of Chinaccelerator in Technode at the Chinaccelerator Demo Day, presenting new startups.Read More →
One day after the record-breaking Single´s Day, for business analyst Shaun Rein it is clear the economy is gong strong, he tells Bloomberg in a podcast. The shift from investments to consumption, the plan of the government, is really happening he says. Read More →
Alibaba bought the video-services Youku-Tudou, a mash of Youtube and Netflix, but at least ten times bigger, tells business analyst Shaun Rein in Bloomberg. It is a sign competition between internet giants in China is heating up, and Alibaba first want to strengthen its position there, before taking the rest of the world serious, Rein says.Read More →
Wang Jianlin, chairman of the China Wanda Group, tops the 2015 Hurun Property Wealth List, with 120 billion yuan (US$18.9 billion) in real estate. Property tycoon have been doing really well, says Hurun founder Rupert Hoogewerf in the China Daily, despite the relative drop in China´s growth.Read More →
Now China is preparing for a new megacity, Jing-Jin-Ji, combining Beijing, Tianjin and Hebei, the neighboring provincial capital Baoding is hoping to ride on the bandwagon too. Journalist Ian Johnson visited Baoding for the New York Times and looks at its chances.Read More →
China´s rich are perceived to be stingy when it comes to charity, but they do spend. Rich List Hurun founder Rupert Hoogewerf published his annual top-100 Philanthropists and explains to Barrons how they spend their givings. Jack Ma again keeps the top position.Read More →
Eyebrows were raised when China’s food delivery service Ele.me last week announced it raised funds worth US$630 million, while in reality it was less than US$400 million. Startup expert William Bao Bean was not amazed. China´s startups are very competitive, and cheating on figures is part of that, he told VentureBeat.Read More →
The observation might be shocking for Australians, but many Chinese find Sydney real estate cheap. Shanghai-based business analyst Shaun Rein explains why in the Daily Reckoning. Read More →