Making money on mobile apps is – despite their popularity – almost impossible. Taiwan-based MOX and Shanghai-based Chinaccelator try to break the stranglehold of Google and Facebook on this industry, says William Bao Bean, managing director of both, to Tech in Asia.Read More →
Competition in China is bloody and fierce, but as the Chinese internet companies go global, also China’s internet wars go global, says William Bao Bean, partner at SOSV to FTChinese. Didi taking on Brazil’s 99, its home-grown taxi-hailing app, it a telling sign.Read More →
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.Read More →
Chairman Jack Ma of Alibaba promised US president-elect Donald Trump a million US jobs, but what he might get, says retail analyst Ben Cavender at CNN, are very, very few real jobs. “I don’t see a lot of job creation happening.”Read More →
China is becoming fast one of the most innovative markets, explains Shanghai-based managing director William Bao Bean of the Chinaccelerator. Fintech and mobile will leave their marks on 2017, he explains to a non-Chinese audience. While startups have a hard time to find funding, 9% of the startups in Shenzhen get one million US dollar in funding. In stead of joining foreign multinationals, young Chinese prefer now an entrepreneurial career.Read More →
Internet giant Alibaba paid US$2.6 billion for the retailer Intimate group, another sign Alibaba wants to leverage its online presence to brick-and-mortar retail operations, says retail analyst Ben Cavender to Reuters. Earlier it bought also leading retailer Suning.Read More →
Sino-American China veteran and rock star Kaiser Kuo will return to China in February and March 2017 for several visits. It will be the first time for him to visit after he left his job as communication director at internet giant Baidu earlier this year. He will visit Shanghai for a speech in the third week of March 2017.Read More →
WeChat has been for long the golden grail for marketing to China´s consumers. But those days are over, says innovation expert William Bao Bean, director of the Shanghai-based ChinaAccelerator to TechNode. Marketing needs more platforms than WeChat, although the Tencent tool is still an important center piece.Read More →
Mark Zuckerberg caused quite some controversy when plans emerged to censor Facebook to facilitate a possible return for the company to China again. Whether you agree or disagree, the way China censors the internet is more than just blocking a few Western sites, and will not go away, says internet expert Kaiser Kuo in ChinaFile.Read More →
Following their Western counterparts, Chinese companies like Alibaba and drone maker DJI turn back to brick-and-mortar retail operations. Chinese consumers are becoming more demanding, says business analyst Shaun Rein to Bloomberg, and while previously sloppy service was common, now standards are going up.Read More →
The ChinaAccelerator, a tech-focused US$200m fund, picked Shanghai over Beijing, although typically most IT firms started off in Beijing. Shanghai is more international, says managing director William Bao Bean in the Economist. Read More →
Chinese internet companies took the lead in selling through social commerce, rather than poorly working ads. China entrepreneur William Bao Bean explains how China is taking the lead from Western companies, at GetGlobal 2016 in Los Angeles. “Traditional ads are under pressure.”Read More →