|William Bao Bean|
The Washington Post:
“You go on Facebook and you can’t even buy anything, but on WeChat and Weibo you can buy anything you see,” said William Bao Bean, a Shanghai-based partner at SOS Ventures and the managing director of Chinaccelerator, a start-up accelerator...
While U.S. firms focus on ad revenue, Chinese companies have become pacesetters in e-commerce. A more recent trend: live-streaming sites where people pay real money to reward performers with virtual gifts. (You sang beautifully, here’s a digital Lamborghini, dear.)
Bean called the amount of money flowing through these apps “significant.” Like their peers in Palo Alto, Calif., however, Chinese start-ups need to show they can generate enough revenue to make the model work in the middle term.More in the Washington Post.
William Bao Bean is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers´request form.
Are you interested in more e-commerce experts at the China Speakers Bureau? Do check out this list.