Key players in the US and China have profoundly different ways to expand, says William Bao Bean, managing director of Chinaccelerator to the Harbinger China. Those major player changed the playing field profoundly, also for startups.
Taiwan used to be one of Asia’s economic tigers, but has a hard time to follow dynamic change of the past decade. VC-veteran William Bao Bean tells the Red Herring what the island can do to improve its startup culture and lure Taiwanese entrepreneurs back.
Getting space in travel is hard for startups in new technology, says VC-veteran William Bao Bean, general partner at SOSV, as companies like Priceline and Ctrip in China dominate the industry. Unless you are able to solve specific problems, he tells WebinTravel.
A major shift is taking place in financial IT investments, tells William Bao Bean, managing director of the Chinaccelerator at CNBC. In the past 15 years VC’s helped to solve basic problems, he says. That’s done and we move now to AI.
Try to solve a problem, do not focus too much on your own product, tells Chinaccelerator managing director William Bao Bean at a CNBC tech talk panel in Singapore entrepreneurs looking for VC money. He saw too many entrepreneurs trying to enter China and Asia without asking themselves whether it was needed.
Managing director William Bao Bean of the leading Chinaccelerator, on tour in Australia, warns Aussie startups to stay away from China and much of Asia, he tells the Australian Financial Review. They should look for their opportunities much closer to home, he added.
What internet companies coming to China forget is that the user base is completely mobile. They have always done all their online stuff on mobile devices, says managing direct William Bao Bean. of accelerator VC firm SOSV at MOX Demo Batch Day 3, writes E27.
2017 will not beat 2016 in terms of volume of outbound investments, but China is still expanding fast – despite increased government limits on financing outbound deals.A few of our speakers at the China Speakers Bureau focus on that development.
China is, as the second largest economy, becoming an attractive source of new business ideas, says Shanghai-based VC William Bao Bean. Although the China market itself is a hard one to crack, for startups and larger companies, he tells in WebinTravel.