Often innovator William Bao Bean prefers to give the stage to his China-related innovative startups, but ahead of the MOX – the Mobile Only Accelaretor in both Taipei and Singapore in March, E27 profiles the force behind China´s drive for innovation.
Category Archives: Singapore
The trend of China´s rich planning migration to other countries has increased to 60 percent in 2016, according to the latest report by the Hurun Rich list. A weaker currency and fear for a collapsing domestic real estate market are the main reasons, Hurun founder Rupert Hoogewerf tells in the South China Morning Post. The US topped the list, followed by Britain, Canada, Australia and Singapore.
Former Citi-group banker Arthur Hayes started BitMex, a bitcoin exchange. Bound to be a success, says VC and innovation expert William Bao Bean to Bloomberg, as Chinese are looking for ways to invest their capital outside China, where growth it slowing down.
Shanghai introduced in January a compensation scheme for investors who lost money on their investments, hoping to trigger more innovations. By doing that China´s second-largest city funds faulty investment deals, tells VC veteran William Bao Bean the BBC.
The first billion internet users entered the space using their PC´s. But the last four billion users will be mobile only, says innovation expert William Bao Bean in Tech in Asia, talking about the MOX demo days. To reach those billions, innovation startups also has to be mobile.
Getting a Chinese defense company at an exhibition would be awkward, since they were not prepared to give any information, not even to customers, writes defense analyst Wendell Minnick at Defense News. At the latest Singapore Airshow they improved, but only slightly.
Everywhere governments are looking for ways to encourage innovations. For super-innovator William Bao Bean the solution is pretty simple: get out of the way. And give visas where possible. Compensating VC for possible losses, like Shanghai wants to do, is certainly the wrong way. Singapore on the other hand does a good job.
The story China´s rich send their kids abroad is not new, but their numbers are growing and the ages of the kids are dropping, found the latest Hurun report. And says Hurun founder Rupert Hoogerwerf, they go to more different countries, he tells at Yibada.com
Relations between China and Japan might be tense, Chinese companies and individuals spend increasingly their capital in the real estate of Tokyo, writes WSJ wealth editor Wei Gu in her column at the Wall Street Journal.