Timely reminder here from Bloomberg's @luluyilun that offering state subsidies and applying lower standards to produce a record number of patents in the name of innovation is a sham. #China needs to shift its focus from quantity to quality, if it’s to become an innovation leader.
Neat infographic from @FT ’s article on why #tech moguls are snapping up newspapers. Key takeaway: Don’t over-generalise, “The [buying] motive for each entrepreneur differs” - @kdoctor .
Jack Ma steps down. He retired as CEO in 2003 with little impact - now retiring as Exec Chairman. Still powerful shareholder and outsized influencer, but can entrepreneurs still fly high in the era of Xi Jinping? https://t.co/ANtJUZBLqR
In a rare interview for @BW (Chinese ed), #Tencent defended its strategy of amassing stakes in hundreds of startups across multiple sectors, insisting they're strategic buyers and “not an investment bank”.
English translation courtesy of @mbrennanchina : https://t.co/hvl4q4MMB7
It's inevitable - startups with global ambitions need to expand beyond it’s country's borders. That said, founders moving headquarters raises concerns about the support Australia’s startup sector is receiving from government to stay local.
Great to see the Aussie startup scene attracting more venture money. Thanks in no small part to the success of home grown startups like @Atlassian, @BigCommerce and @seekjobs.
China’a winner-take-all #tech culture: #America ’s tech titans (the FAANGs) make 5% of all domestic venture investments Vs. 50% by #China’s BAT - @McKinsey
ICYMI, @TheEconomist considers whether Alibaba and Tencent's dominance of the tech #investment scene threatens innovation in #China :
https://t.co/ozoGKhpXiL
Bad timing and a pitch that failed to gel with investors explains #Xiaomi's disappointing IPO pricing - The @FT's @louiseflucas and Henny Sender https://t.co/vpnkCXtO8K
Significant milestone: #China's share of the global venture capital market surpassed North America for the first time in Q2 2018, according to @crunchbase data https://t.co/0HA0HFusMZ via @SCMP_News