In Taipei the Mobile Only Accelerator (MOX) has launched and SOSV partner William Bao Bean has jumped over from Shanghai to support the operation, in PRunderground he explains what it takes to develop the next mobile apps for 4 million users.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 →
“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”.Read More →
Getting your product into the market could be a costly adventure in the past. But Tencent´s WeChat is offering a cheap alternative for startup companies, says William Bao Bean managing director of Chinaccelerator in Technode at the Chinaccelerator Demo Day, presenting new startups.Read More →
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.Read More →
China closed a US$2 billion deal with Russia to purchase 24 Su-35 fighters. Question, looking at the rather small amount, according to defense analyst Wendell Minnick in Defense News: will China reverse engineer the planes, like it did before.Read More →
Alibaba, and its competitor JD.com made a record sales (or gross merchandise volume, GMV, as it is called) during Single´s Day. But retail specialist Ben Cavender also looks at the little print in the contract, and wonders in CNN Money if the record sales contribute to the profits.Read More →
Far away are the days high-tech zones would offer an office and tax breaks to startups. China´s government has become much smarter in nurturing the next generation Jack Ma´s, says William Bao Bean, managing director of Chinaccelerator and an investment partner at SOS Ventures in InTheBlack.Read More →
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.Read More →
China´s traditional medicine suddenly got into the limelight as Tu Youyou was awarded the Nobel Prize for medicine. But the experts in traditional medicine had very mixed feelings, writes journalist Ian Johnson for the New York Times. Tu might have her roots in traditional medicine, but the Nobel Prize certainly did not honor that work.Read More →
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.Read More →
Eyebrows were raised when China’s food delivery service Ele.me last week announced it raised funds worth US$630 million, while in reality it was less than US$400 million. Startup expert William Bao Bean was not amazed. China´s startups are very competitive, and cheating on figures is part of that, he told VentureBeat.Read More →