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.
WeChat has been for long the golden grail for marketing to China´s consumers. But those days are over, says innovation expert William Bao Bean, director of the Shanghai-based ChinaAccelerator to TechNode. Marketing needs more platforms than WeChat, although the Tencent tool is still an important center piece.
China´s consumers have been eager purchasers of foreign products, but getting them at the right price proved to be troublesome. New startups are going to make that choice easier, predicts William Bao Bean, general partner at SOSV and managing director of Chinaccelerator, in TechNode, after closing days of presentations by startups.
The ChinaAccelerator, a tech-focused US$200m fund, picked Shanghai over Beijing, although typically most IT firms started off in Beijing. Shanghai is more international, says managing director William Bao Bean in the Economist.
Foreign companies fear an increasing risk in China, now the government is tightening legal supervision, fighting corruption and banning business practices that were considered to be common up to a year ago. GSK might be one of the high-profile cases in the anti-corruption drive, but no foreign company or industry is not worried about those changes. The China Speakers Bureau can offer a range of experts on risk management in China.
The story of the Briton Ross Walked, 73, desperately looking for investments in his tech company, hit the media as he got capital from Chinese investors. Tech guru William Bao Bean from Shanghai explains in the Sixth Tone why age is not a barrier in China, unlike in the UK.
China has a booming and innovative startup scene, looking for global expansion. But leading VC William Bao Bean of the Shanghai based Chinaccelerator is not going to put his money in the European or US markets. Facebook´s Zuckerberg is effectively stopping any startup from becoming the next Zuckerberg, he tells a German audience.
Chinese internet companies took the lead in selling through social commerce, rather than poorly working ads. China entrepreneur William Bao Bean explains how China is taking the lead from Western companies, at GetGlobal 2016 in Los Angeles. “Traditional ads are under pressure.”
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.
The internet in China has been dominated by four huge players, Alibaba, Tencent, Baidu and Sina Weibo. After crushing their domestic competitors, they are now ready for the online world war, says VC William Bao Bean at Next16 the German audience about startups. “You’re under-funded, too slow and don’t work hard enough.”