How Oriental DreamWorks and “Creative China” Are Disrupting Hollywood.

China is inching closer to becoming the world’s largest entertainment market and Hollywood studios are struggling to adapt. Cameos by Chinese film stars are jammed, often nonsensically, into Western movies. Studio executives are flying in to meet with cash-rich Chinese moguls. And praise for China in Hollywood films has become commonplace. This is often described as self-censorship. I tend to […]

Why Bike-Sharing (Ofo, MoBike) Is Nothing Like Didi and Uber (i.e., Ride-Sharing).

There has been a lot of talk about Chinese bicycle-sharing recently. Tencent, Warburg Pincus and Sequoia participated in a $100M round for Shanghai-based Mobike. Xiaomi, Citic PE and Coatue participated in a $130M round for Beijing-based Ofo. And Didi Chuxing is reported to have invested in Ofo as well. Bike-sharing is being proclaimed as a new frontier for […]

Uber Shows How to Win in China

Uber Technologies Inc.’s sale of its China business to local rival Didi Chuxing has sparked confusion about whether it had won in the Chinese ride-sharing market or simply surrendered. The numbers speak for themselves. Uber invested 18 months and about $2 billion in China. They walked away with 17% of Didi, and therefore 17% of […]

Why Chinese Healthcare Apps Are Failing

More than a thousand Chinese healthcare apps have been launched in the past five years. These startups, targeting the seemingly super-hot intersection of booming smartphone usage and modernizing healthcare, were supposed to be the next big thing. And many have been backed by top venture capitalists and leading Chinese companies such as Alibaba Group Holding, […]

Uber China’s 3 Big Lessons for Silicon Valley

Uber’s deal with Didi Chuxing yesterday was taken by many as a surrender. I disagree. I argue this was the culmination of a pretty smart China strategy. Uber did very well in China – and far better than most all other foreign Internet companies. And there are a couple of important lessons for Silicon Valley […]