Mobile Monday in Silicon Asia by Forbes

China: The New Assertiveness

China is the world’s new place to dream big and strike it rich for today’s generation.  Inspired and motivated by the hero status of Robin Li of Baidu and Jack Ma of Alibaba, bright and ambitious talents under the age of 40 are creating a second, deeper and broader wave of China entrepreneurship.

Record venture capital sums, first-mover advantage, market leaders, race-to-the-finish line timing, micro-tweaked innovations, ultra-competitive tactics – it’s all part of the new generation’s playbook to get ahead of the pack. Assertive and confident where their predecessors were humble and unsure, these mavericks are claiming their stake in the biggest entrepreneurial revolution the modern world has seen. Together, they are catapulting China as the unchallenged giant of the new Asian tech frontier, and perhaps, not far in the future, the globe.

China venture has gone local ‒ which seems only natural. Mandarin-speaking partners of Silicon Valley venture shops are stationed in Beijing or Shanghai – no more flyovers from the West Coast. Funds in the Chinese currency outnumber those in U.S. dollars. Angel investors like William Bao Bean and Baidu co-founder Eric Xu are a new force, looking to fund the next big ideas. Startups are increasingly going public on Chinese exchanges although NASDAQ and the NYSE still have that Gucci status.

Networking groups like Mobile Monday, Sandbox and the Great Wall Club have fostered a spirit at their lively, well-attended events of we’re all in this together – let’s make it happen! It’s a mirror of Silicon Valley during the dotcom days of the 1990s. And just like then, talk of a bubble can be heard. See Full Article Here.