Chinese internet users have been voicing loud opposition against the possible deal by Bytedance to sell Tiktok to Microsoft, as the company might be hit by a ban by US President Donald Trump. But the verdict by startups and investors in China has been milder, says Shanghai-based VC William Bao Bean to Techcrunch.
Already before COVID-19, American and Chinese internet giants fought for dominance in the booming market for food and grocery delivery, and the coronavirus crisis had cause another boom in the market, says William Bao Bean, managing director of global venture capital firm SOSV in Shanghai in Marketplace. Having dominance in their home market helps the Chinese players.
Shanghai-based VC William Bao Bean looks at the world after the COVID-19 recession will be gone. Fintech will go through the roof, like all things digital, home delivery, and health care applications he tells at this debate on India and China how the world will learn from China coronavirus crisis.
Many industries have to rethink the way their business and business models are organized when they resume action as the coronavirus crisis subsides. The travel industry is one of them, says Shanghai-based VC-veteran William Bao Bean, at WebInTravel. “Travel needed to solve a very big problem – high customer acquisition costs – and he said it needed a new model in which everyone wins, and not like now “where everyone loses but the platform”.
While the rest of the world is firmly into a lockdown, China is slowly getting back to normal. That is only one of the reasons why the country is leading the way after the coronavirus crisis, says William Bao Bean, partner, SOSV Capital and Managing Director, Chinaccelerator from Shanghai to Webintravel in a podcast.
William Bao Bean, Shanghai-based managing director of startup accelerator Chinaaccelerator, discusses his investment strategy as the world is in disarray because of the coronavirus, at Focus Wire. “When things are bad, no one really does anything, and when things are hot, everybody’s investing,” Bean says.
Startups from India can profit from previous experiences in China, says startup guru William Bao Bean, managing director of the Shanghai-based Chinaccelator to Livemint. “I’m not saying China is the same as India, but the challenges people face in Tier-2+ cities in China were similar to those that people outside Indian metros face. So the approaches that worked in China are more likely to work in India than the approaches that worked in the US,” he says.
The Indian startup TryNdBuy has been adopted by the Chinaccelerator, and Shanghai-based managing director William Bao Bean explains why the virtual fitting room has a good chance to succeed in China, he tells at Livemint. Up to now, every virtual fitting room including Amazon and Microsoft, makes the consumer look bad, he explains.
William Bao Bean, partner at SOSV managing director at the Shanghai-based Chinaccelerator, discusses the investment climate in the US, China and Europe at the F50 Global Capital Summit 2019 Fall. He does not fear the Trump administration, he says, “governments cannot stop businesses even if they want to,” he adds.