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DCM's David Chao queries Baidu leader
Robin Li at CEO Summit
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Hearing Robin Li speak about the future for Baidu, it becomes clear that what sets apart a good CEO from a great CEO is real passion about the company's products.
Baidu's chairman, CEO and co-founder is not motivated by money - he has plenty of that - but stays inspired after 15 years at the helm by his love of search. Read Forbes post, Robin Li's ideal:
One Query, One Click.
SILICON DRAGON @ FORBES
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BYD, LeTV Could Catch On Quickly
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BYD's Stella Li with
Rebecca Fannin
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Going global is the next wave of China's climb in technology innovation. First, it was U.S. companies entering China, then it was local companies penetrating the Chinese market and now it's about powerful Chinese tech brands coming to the states.
Take BYD, the electric vehicle maker based in Shenzhen and invested in by Warren Buffet that has planted operations outside Los Angeles.
Or LeTV, the online streaming service and smart TV maker based in Beijing that is launching smartphones in the U.S. designed to maximize sound and video quality.
Neither are well-known in the states yet, but that could change quickly.
Read Forbes post China's BYD, LeTV Roll Into the U.S.
BEIJING, BERLIN, SEOUL SHARE STARTUP STRIPES
Technology hotspots have spread globally where once Silicon Valley was the undisputed king.
SparkLabs Global Ventures defines 10 startup hubs in the U.S., Europe and Asia. In the U.S., Silicon Valley scores tops followed by New York City, Boston and Los Angeles.
Only two Asia tech hubs - mobile star Seoul and tech core-centered Beijing - factor in. Europe gets on this map with fintech capital London and perennial stronghold Tel Aviv but also Berlin and Stockholm.
What defines a startup hub?
Read Forbes post, Startups Hubs Excel.
NOTEWORTHY
The rise of a mobile software company from nothing to a $1 billion valuation in just over a year from its first product release would typically draw rapt attention, and jealousy, inside Silicon Valley.
Yet the Apus Group, one company with such a stratospheric rise, is largely unknown in Silicon Valley. That is because the company is based more than 6,000 miles away, in China.
Across Asia, investments in technology start-ups have escalated at the same swift pace and to the same heights as in the U.S. In the first six months of this year, 46 Asian start-ups, including Apus, have had fund-raising rounds of $100 million or more, just short of the 48 in North America. Read Dragons Rising: The Quiet Rise of Asia Tech Startups.
Silicon Dragon reported on Apus in Forbes here, early this year, covering its $100 million funding deal.
RELATED:
Expats jump into Asia's tech hubs via The Korea Herald http://buff.ly/1LoXDAj
Xiaomi's New Campus in Beijing
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| | Xiaomi co-founder Lei Jun at the groundbreaking event of the new 8-building Mi Campus in Beijing, to be ready for Xiaomi's expansion in two years' time |
WeChat 6.2 Adds Fingerprint Scan for Payment
WeChat has added a function to make it easier and safer for users to transfer funds within the app by integrating a fingerprint scan to verify payments. E-wallets have replaced cash and card in millions of transactions, and China is very advanced. Pingwest
RECOMMENDED VIEWING
Influential Tech blogger Robert Scoble interviewed venture capitalist Gary Rieschel about China innovations, at a retreat in Wyoming's Antelope Creek Ranch.
Hear Gary's comments on how China's tech market is defined by size, speed and agility.
Click video here.
RECOMMENDED READING
 China's Disruptors: How Alibaba, Xiaomi, Tencent and Other Companies Are Changing The Rules of Business.
By Edward Tse, the founder and CEO of Gao Feng Advisory Company, a global strategy consulting firm with roots in China.
"Author Tse believes China gets a bum rap from too many people who either haven't kept up with its recent progress in privatization or see the direction it's headed in - becoming a world-class innovator." - Amazon review
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