Startups should not expect to find the Promised Land in China, told VC-veteran William Bao Bean an investment conference on China in Tel Aviv last month. 95 percent of you should not be here, he told according to the Times of Israel. With one exceptions: Chinese internet companies cannot deal with algorithms. They urgently need mathematicians.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 →
Is China lagging in innovations? Certainly not when it comes to ecommerce, says William Bao Bean, managing director of Chinaccelerator, in TechinAsia. “If you can get ahold of Facebook’s product roadmap, it’s a giant WeChat clone,” he says.Read More →
Study hard and make money fast, was what parents told their offspring in the past when they would sent them off to study. Successful tech giant like Alibaba, Baidu and Tencent have created new role models for graduates, tells Shanghai-based VC William Bao Bean in the Technology Review. Aspiration: becoming a VC.Read More →
Far away are the days high-tech zones would offer an office and tax breaks to startups. China´s government has become much smarter in nurturing the next generation Jack Ma´s, says William Bao Bean, managing director of Chinaccelerator and an investment partner at SOS Ventures in InTheBlack.Read More →
“Your presentation was fascinating and engaging, delivered with humor, and had our members discussing it for the next two days, which say a lot.” At the China Speakers Bureau we received enthusiastic comments from Kathleen Deutsch, vice-chairperson of the Lawyers Associated Worldwide, after William Bao Bean delivered his speech there October 2015 in Shanghai on how China is changing.Read More →
Google, Ebay and Amazon are just some of the tech giants who failed in China. With a good preparation that would not have happened, claims William Bao Bean, managing director of the ChinaAccelarator. His organization prepares startups for launches in China, and Chinese firms for going global.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 recent downturn in the financial markets is not going to have too much impact on the booming scene of startups in China, says ChinaAccelerator managing director William Bao Bean in the Business Standard. Although the second half of 2015 would have been anyway tougher.Read More →
The trend for the coming five years is China going global, says William Bao Bean, managing director of Chinaccelerator, the first and longest running startup accelerator program in China in E27. “These innovations are best targeted at other mobile-first markets in Southeast Asia, Eastern Europe and South America, and not US and Western Europe,”Read More →
With 700 million mobile internet users China is a fertile ground for mobile-first startups, says William Bao Bean, managing director of the ChinaAccelerator in the Korean Herald. And “In China, there is always a way,” Bean said.Read More →