Silicon Dragon: How China Is Winning the Tech Race
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- $17.99
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- $17.99
Publisher Description
If you want to discover the Next Big Thing in technology… ENTER THE DRAGON.
You already know that China is the most populated nation on the planet. You already know about the rapid growth of its Internet and the recent development of its technologies. But did you realize that China has…
The world's largest number of mobile phone users (500 million)
Three times as many engineering students as the United States?
A dozen more billion-dollar tech firms than the United States?
The fastest growing venture capital market in the world?
It's time to face the facts: China is catching up to the United States as a global leader of technology--and, within a few years, may surpass every nation in the world. By modeling their new techno-based companies on successful American ones like Google and Yahoo, a new breed of entrepreneur is leading China through a second Industrial Revolution.
Financial journalist Rebecca A. Fannin traveled from Shanghai to Beijing and beyond to speak face-to-face with China’s hottest up-and-comers. For some of these young entrepreneurs, it’s their first interview with the Western press--and their first chance to introduce their companies before the stocks hit Nasdaq.
You'll meet smart and savvy self-starters like Robin Li, who made his company Baidu in the image of Google. You'll meet inventors and innovators like Liu Yingkui, who developed software for selling goods over cell phones, not PCs. You'll also meet the American venture capitalists who are searching for deals every day in every corner of China.
Whether you're an investor, entrepreneur, techno whiz, or dot-com mogul, you can make peace with the dragon--and profits, too.
PUBLISHERS WEEKLY
In her brisk and flattering analysis of China's charge into the high-tech market, Fannin spotlights 12 Eastern "technopreneurs" who are giving Silicon Valley mainstays a run for their money. Identifying her profile subjects "the next Thomas Edison" or "the next Rupert Murdoch," and their companies as "MySpace China" and the like, the former Red Herring news editor supports her observational thesis with data and anecdotes from a variety of Western and Eastern CEOs, professors and financial analysts. Drawing parallels between the "Middle Kingdom's" growth and the height of the dot-com bubble, Fannin also takes care to note that most of her China-born "sea turtles'" were educated in the West, but returned to their homeland to take advantage of growing markets there. If anything, her writing overly praises Chinese entrepreneurships' reach in the world, choosing to gloss over negative statistics and paying controversial social issues such as censorship of China's Internet sites mere lip service. Overall, Fannin is best at tracing her subject's mostly humble beginnings through Mao's Cultural Revolution to the self-made Internet era as the tech world searches for the next Bill Gates. Given the sheer number of Chinese expected to be alive in the next decade, new media moguls (and profitable IPOs) are inevitable.
