By Rebecca Fannin
If you must notice the subsequent enormous factor in expertise… input THE DRAGON.
You already understand that China is the main populated state on this planet. you realize in regards to the swift development of its net and the hot improvement of its applied sciences. But did that China has…
The world's greatest variety of cell phone clients (500 million)
Three occasions as many engineering scholars because the United States?
A dozen extra billion-dollar tech corporations than the United States?
The quickest transforming into enterprise capital industry within the world?
It's time to stand the evidence: China is catching as much as the U.S. as a world chief of technology--and, inside of many years, may well surpass each state on the planet. by means of modeling their new techno-based businesses on profitable American ones like Google and Yahoo, a brand new breed of entrepreneur is prime China via a moment business Revolution.
Financial journalist Rebecca A. Fannin traveled from Shanghai to Beijing and past to talk face-to-face with China’s preferred up-and-comers. For a few of these younger marketers, it’s their first interview with the Western press--and their first probability to introduce their businesses earlier than the shares hit Nasdaq.
You'll meet clever and savvy self-starters like Robin Li, who made his corporation Baidu within the picture of Google. you are going to meet inventors and innovators like Liu Yingkui, who built software program for promoting items over cellphones, now not desktops. you will additionally meet the yank enterprise capitalists who're looking for bargains on a daily basis in each nook of China.
Whether you are an investor, entrepreneur, techno whiz, or dot-com multi-millionaire, you may make peace with the dragon--and gains, too.
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Additional info for Silicon Dragon: How China Is Winning the Tech Race
Example text
Just a few weeks after returning to their homeland, the cofounders opened their shop doors on January 18, 2000, in Beijing. The serious-minded cofounders named their young firm Baidu, which translates as “seek for truth” and represents a persistent search for the ideal. The name comes from an ancient Song dynasty poem chosen to signify the start-up’s Chinese heritage. ” Sharing the story of Baidu’s roundabout path to success, Xu relates how engineers were hired straight out of China’s top universities.
Today pay-per-click ads account for as much as one-third of all online ad revenues and are the primary revenue stream for consumer search engines. Li’s paid search plan stirred up heated debate at boardroom meetings at Baidu. The Chinese venture capitalist Fan Zhang, then a board member at Baidu and now a managing partner at Sequoia Capital China, recalls the controversy over whether the latest strategy would work. com, an alumni networking site that works like Facebook. A Chinese TV film crew is in tow, documenting Zhang’s work as though he were a celebrity.
Cn (the cn stands for “China”). This was a Mandarin-language search engine run from China, not from California. cn translated as “harvesting” and had better search capabilities in Mandarin. Searches were speedier and more reliable with servers inside China, and engineers were hired by the dozen to figure out how to make Google outperform Baidu in China. In June 2006, Google sold its shares in Baidu for more than $60 million, a nice return on its earlier $5 million investment. But to set up business on Chinese soil, Google’s top management in the United States had to agree to Chinese government censorship.