Many cities, including those in China, are teeming with startups. Many will fail, some will succeed. Timing and resilience are two factors that are crucial for the success of startups and their founders, says William Bao Bean, managing director of the Chinaccelerator at the WIT Bootcamp 2017, according to Web In Travel.
Category Archives: intelligence
China’s close to one trillion US dollar investment program One Belt, One Road (OBOR) is facing serious pitfalls that could stop it from succeeding, writes financial analyst Sara Hsu in the Huffington Post. Insufficient due diligence is just one of a range of potential barriers, she writes.
Social media expert Matthew Brennan gives ten case studies on facial recognition in China at his China Channel. Facial recognition is becoming fast the new norms, and he summarizes a few reasons why the new technology is taking off so fast.
China has become the testing ground of many international network marketing companies, as many Chinese consumers prefer foreign brands. But apart from opportunities, Shanghai-based lawyer Mark Schaub also sees legal challenges of operating in this new promised land, he writes in Lexology.
Despite the election of Donald Trump, increased immigration barriers to the US and increased animosity between China and the US, the US is still the top destination for rich Chinese leaving their country, says China Rich List researcher Rupert Hoogewerf. Although the number of rich leaving their country is dropping, he tells the South China Morning Post.
Apple’s Steve Jobs was the first American CEO to discovered China’s massive brainpower potential when he got the first iPhone produced in six weeks time, by 200,000 workers and 8,700 engineers. China’s massive brainpower is a disrupting force for the world, says Beida business professor Jeffrey Towson, co-author of The One Hour China Book (2017 Edition) on his weblog.
China’s consumers have always been very suspicious of any top-down broadcasting, says marketing guru Tom Doctoroff. Anything that looks like spoon-fed propaganda does not work. Advertising can work, but it is a trick country, and easy to get it wrong, he says.
Alibaba is pushing into the entertainment industry. The internet giant has one huge advantage, traditional filmmakers can only dream of, says business professor Jeffrey Towson in the Nikkei Asia Review. “Alibaba is attempting to create a new type of smart production that replaces “big bets” with “big data”.”
It sounds odd to hear from the managing director if the Chinaccelator in Shanghai, but William Bao Bean sees it as a success when startups decide to avoid the China market and explore other markets. “Interestingly enough, the greatest help that Chinaccelerator can give to start-ups considering China is convincing them otherwise,” he tells Inc-ASEAN.