China´s Baidu is often dubbed China´s Google, but Kaiser Kuo, Baidu´s director of international communications, is happy to explain the SF Chronicle what American and European internet users are currently missing when they rely on Google, and what they might can get in the future.
Category Archives: ecommerce
“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”.
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.
Alibaba is looking for content to sell more products, and building influence among its future markets, explains WSJ wealth editor Wei Gu. The news paper might not make as much profit as in the past, it still has a huge influence in Hong Kong.
China has banned the US accounting watchdog PCOAB from peeking into the papers of Chinese companies, fearing infringement of state secrets. Accounting professor Paul Gillis sees, in his weblog, a new front, as Kering, parent of Gucci, asks a US court to demand the book of the Bank of China.
E-commerce is booming in China, even more than in the US, says Shanghai-based business analyst Shaun Rein in ABC. E-commerce is expected to grow from 25 percent now, to 50…
The world outside China hardly realizes how fast e-commerce is changing the country. “Brick-and-mortar is basically dead, unless you have something special to offer,” says Shanghai-based business analyst Shaun Rein , author of The End of Copycat China in the South China Morning Post. The rest of the world will follow.
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.
Marketing guru Tom Doctoroff overlooks the consumer battlefield after recent stirs in the financial markets. Middle-class consumers have a wait-and-see attitude and might only resume buying by 2016, he tells CNBC. But lower tier markets will remain robust. Brand should focus now on their digital future, he advises.
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.