China´s rich make more money than ever, but charity is not keeping pace with that growth, shows the latest Hurun Philanthropy Report. Some “are leaders of the new pack, and it’s still early days,” says Rupert Hoogewerf, founder and chairman of the Hurun Institute to Barron´s.Read More →
For long China has been displacing Western companies by cheaper products. But many have failed to see how this displacement has been overtaken by disruptive business models, writes IMD professor Bill Fischer in the Harvard Business Review.Read More →
Whether China is copying or innovating is a useless discussion, says VC William Bao Bean to the South China Morning Post. Everybody is building on previous experiences, he says, but certainly in social commerce, how to sell online, China is way ahead compared to other parts of the world.Read More →
This year the Chinese outnumbered the American billionaires, but by 2020 they will replace the top spots at the global rich list, says China Rich List founder Rupert Hoogewerf in the People´s Daily. Hoogewerf predicts Jack Ma, founder and CEO of China’s E-commerce giant Alibabagroup will overtake Wang Jianlin, the property tycoon, as the wealthiest person on the Chinese mainland.Read More →
Kaiser Kuo is leaving China after twenty years, and internet giant Baidu after six year. On May 4 he will get an award of the Asia Society Northern California, where he will settle down to work professionally on his Sinica Podcast. For Asia Society Kaiser looks back, on the internet and foreign correspondents.Read More →
Facebook is trying to copy many elements from Tencent´s WeChat, but has a hard time in overtaking the dynamic Chinese service, says innnovation expert William Bao Bean at MumBrella.”“WeChat – whether they’re good or bad – the bottom line is they are about 18 months ahead of Facebook.”Read More →
600 Million Chinese internet users use their mobile phone to pay, and increasingly they use not the traditional banks and credit cards, but newcomers in the industry. Innovation expert William Bao Bean discusses what will happen to the traditional banks when mobile payments advance also outside China.Read More →
Beijing is now having more (US$) billionaires than New York, says Hurun rich list founder Rupert Hoogewerf in his latest report, according to AP, despite the fierce drop in stock prices of the last six months. “People will look at China the same way that people looked at Stanford or Silicon Valley in the 1990s.”Read More →
Chinese companies have often been blamed for copying Western innovation and patents. But now China takes the lead in mobile innovations, the argument seems to go the other way. Many of the features we know from WeChat we see now popping up at Facebook. Innovator William Bao Bean discusses whether Facebook has become a WeChat clone.Read More →
Erasing the middle management and organizing competition internally: those are two features in new revolutionary corporate structures in China. Haier and Tencent have made big inroads. Innovation expert William Bao Bean discusses Tencent and how their organization works.Read More →
Looking back at the demand from our clients at the China Speakers Bureau over the past few years, we see a distinct development into the future, into the year of the ape.Read More →
Startups should not expect to find the Promised Land in China, told VC-veteran William Bao Bean an investment conference on China in Tel Aviv last month. 95 percent of you should not be here, he told according to the Times of Israel. With one exceptions: Chinese internet companies cannot deal with algorithms. They urgently need mathematicians.Read More →