Tuesday, June 28, 2011

Clicknetwork.tv founder: Being a female director has its merits

Founder and Producer Gillian Tan. Photo credit: Gillian Tan

Gillian Tan started her own company with $10,000, a mini video camera and an old Macbook. Today, what was previously a one-woman-show has since evolved to be one of Singapore’s most creative and successful production companies.

She is founder of Munkysuperstar Pictures and manages Singapore-based clicknetwork.tv, an online video network that offers hip, fun, and edgy entertainment programming.

Finding her way into the industry

Gillian is living proof that you just need to start doing what you want to do.

Before moving back to Singapore, she focused on producing television commercials  in the broadcasting department of an agency in San Francisco called TBWA\Chiat\Day.

She explains, “I had applied to some companies when I first moved back to Singapore but didn’t get anything, so being impatient and impulsive, I decided to start my own company.”

Without a response from the companies, Gillian began producing a test pilot for her very first TV show to pitch to MediaCorp. Working out of a room in her mother’s office and equipped with an old Mac she used for editing, it was the start of her production company Munkysuperstar Pictures. The test pilot that she produced later became popular local reality dating show “Eye For A Guy”.

When one door closes, another one opens

While the shows were gaining traction, things did not sail so smoothly.

“Clicknetwork.tv started by chance. Back in 2007, we were supposed to produce season 2 of a Channel 5 show called ‘Girls Out Loud’, but it was cancelled at the last minute due to some complaints from the public,” she said.

Faced with this minor setback, Gillian and Girls Out Loud hosts Rosalyn and Wendy decided to pack up their bags and take a short road trip to Malaysia.

Road Trip EP1 from clicknetwork on Vimeo.

Recalling the events that happened after, “I shot some videos of Rosalyn and Wendy and that ended up on YouTube. Somehow it caught on and people were writing in telling us to produce more videos. I then decided to put these videos onto a website instead. The road trip videos ended up being the first videos on clicknetwork.tv.”

In just four years, clicknetwork.tv became a viral hit with audiences and garnered over 23 million video views and counting.

On being female in her line of work

Gillian explains that being a female director does come with its merits. “In terms of content, it’s easier for me to push the boundaries when it comes to working with female talents. For example, we have a show called ‘Bored in Bikinis’ which involves 2 girls doing random things in bikinis, like suntanning in Orchard Road, playing the Wii and so on. I think it’s a lot easier when the suggestions come from a female director, so the talents probably feel more comfortable.”

The stars of clicknetwork.tv. Photo credit: clicknetwork.tv

The vivacious entrepreneur tells us that it is harder to get people to take her seriously at times, especially in production which is dominated by men.

Her advice? Work extra hard to earn their respect. “The only way is to prove to them that you know what you’re doing and treat them with respect as well. I don’t think this is particular to gender, but I’ve always believed you should treat people the same way you’d like to be treated.”

Her role model

For Gillian, her mother possessed the qualities a woman needed for success. “She’s really smart, has great EQ, and really knows how to deal with people in a way where she’s always fair and respected, without being a pushover. Plus she’s able to balance her work and personal life really well.”

Advice for aspiring female entrepreneurs

Learning to take feedback positively and in stride is important. Gillian observed from experience that men in general are not so emotional and do not take things so personally. As a result they tend to bounce back from criticism or failure quicker then women do. “Don’t let your heart rule your head and don’t let emotions get the better of your judgement,” she says.

The most important trait is to take a different perspective. By developing their own content, clicknetwork.tv has amassed an enormously loyal audience and a true brand identity. It is precisely because of their content that sets them apart from traditional television.

clicknetwork.tv’s newest show -- NUMBNUTS. Image credit: clicknetwork.tv

Closing thoughts

Gillian firmly believes that gender should not stop a person from accomplishing what they want to do.

Her entrepreneurial experience has made her bolder and less afraid of taking risks. And it all started with just a a Macbook, $10,000 and an old video cam.

Why can’t yours?


Link to full article

iPhone App, Campusfork Helps you Find Awesome Food Nearby

Campusfork iphone application allows users to search for food dishes using the “nearby feature” which instantly delivers the dish photo, restaurant name, and map.  The application solves the problem of seeing before your eat.

Taking photos of food with your phone is becoming wildly popular with other major apps such as Foodspotting in the US and Meishidaren in China.

Fun game mechanics are embedded in the application.  Each user can gain points when users award “hot points” to food photos.  A leader board helps users keep score in the social network.

The iphone application also allows users to upload restaurant food photos and share the picture on Facebook and Twitter.  Users can also choose filters such as normal or an artistic retro look.

 

 

Campusfork assists the diner by providing a visual photo of the dish from the 4,000 photos internationally mainly in San Francisco

and Hong Kong so that they can see before they order.

Wong started Campusfork.com in his bedroom with only $6,000.  Today, he remains the sole owner of the company and outsourced iphone application to a local Hong Kong team.

Campusfork.com was founded by Rayfil Wong, a UC Berkeley graduate and has been on reality television show American Inventor.

 

Related posts:

  1. CampusFork’s “Food Porn” Arouses Both Diners and Entrepreneurs
  2. Meizu M9, Looks As Good As iPhone 4, Out Before Christmas
  3. A Sneak Preview of Camera360′s Upcoming iPhone App


Link to full article

2.4% Of Indian Population on Facebook – MTV India and Docomo Most Popular Fanpages [Interesting Stats]

Facebook has been growing at a blazing speed and has become THE platform for any social media marketer. Facebook added around 1.9Mn users in past 30 days to reach a total of 28.5Mn users. This is approximately equal to 2.4% of India’s population and 35% of total online population of India. India stands at number 5 in terms total userbase for Facebook, after US, Indonesia, UK and Turkey. With the current growth rate India, would be at #3 within the next 3-4 weeks. (Source)

The demography of Indian Facebook users is pretty much a reflection of web users overall. About 29% of the users are female. 47% users are between 18-24 yrs of age and another 30% between 25-34yrs.

facebook India age distribution chart

Facebook India Age Distribution

Facebook India Key Statistics:

  1. 28.5 Mn Users. Growing at 7% monthly.
  2. Reaches 35% of online population
  3. 47% users between 18-24yrs.
  4. MTV India has largest fanbase followed by Tata Docomo.
  5. Ad rates – $.25CPM and $0.59CPC

MTV India is the leading media brand fanpage in India with 2.7Mn fans (10% of Indian Facebook population) and is adding about 5000 Fans daily. MTV India is closely followed by Tata Docomo with 2.6Mn fans but the growth of Docomo is about 4x that of MTV India.

facebook India Popular Fanpages

Most Popular Pages in Facebook India With Number of Fans

Advertising Rates on Facebook India

Although Facebook has been a popular destination for advertisers looking to run ‘social media’ campaigns but the cost of advertising on Facebook has always been questioned. The avg. Cost per click (CPC) on Facebook for Indian traffic comes out to be around $0.60 (Rs.27) and cost per thousand impressions (CPM) comes out be around $0.25(Rs.12).

When compared to other online properties the CPC is significantly high whereas the CPM is very low. This computes a very low CTR of around 0.04%. Although compared to contextual and search advertising, which is driven by need, this would always be low, what it also shows is the weak targeting of the ads. Also, given the ad position in Facebook are non-intrusive, they might be getting lower attention. (Recommended Read: Get Paid To Be A Facebook Fan)

facebook india ad rates

Advertising Rates On Facebook for India Traffic

What are your thoughts on Social media in India? Will Facebook see competition any time soon in India? Will the advertisers end their honeymoon with Facebook?


India's Largest Startup Event, UnPluggd Is Back (Mindblowing Content + Exiciting Startup Demos » July 9th, Bangalore)
» 2.4% Of Indian Population on Facebook – MTV India and Docomo Most Popular Fanpages [Interesting Stats] @Pluggd.in.


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P1 in 4G partnership with China Mobile

From L-R: Puan Chan Cheong, Group Managing Director and Group CEO of Green Packet Berhad; Huang Yuhong of China Mobile Research Institute; Joseph Salang Gandum, Deputy Minister of Information, Communications and Culture Malaysia; Chen Dehai from China Embassy, and P1 CEO Michael Lai

On June 28, China Mobile and Packet One Networks, which runs the mobile broadband network P1 in Malaysia, sealed a memorandum of understanding to help promote the adoption of TD-LTE connectivity in Malaysia and South East Asia.

TD-LTE stands for Time Division-Long Term Evolution technology, which is recognised as a 4G standard – the next evolutionary step of mobile telecommunications after 3G. When fully deployed, it would be able to deliver data speeds of up to 1Gb/s.

China Mobile is currently conducting TD-LTE trials with about 100 million users across 30 trial networks in China, and expects the global commercialisation of TD-LTE in 2014. P1 was chosen as its partner in this region as it is planning to transition its WiMax network into a dual WiMax/TD-LTE network in the first half of 2012. China Mobile has 611 million users as of May 2011.

Under the agreement, both parties will collaborate to promote TD-LTE as global standards and early adoption in South East Asia; promote the Global TD-LTE Initiative (GTI) throughout South East Asia; and promote the jump-start of TD-LTE deployment in Malaysia.

“Through the partnership, P1 would be able to give China Mobile a gateway into understanding the emerging 4G market through P1,” said Michael Lai, the CEO of P1. “We’ll be able to provide them insight our early experiences of running P1 for the past three years.”

“Already, some of our technicians are learning from the deep knowledge of China Mobile in this area so that we can jumpstart TD-LTE deployment in Malaysia,” Lai added.

Lai said that with China Mobile’s expansive trial, P1 would also learn how to scale up when the technology rolls out, and hoped that with China Mobile driving TD-LTE adoption, a large number of ecosystem devices – including modems, routers and other related devices – will come into the market to drive prices down.

Uncertain rollout date

However, the question of when TD-LTE would arrive in Malaysia is uncertain. While P1 is gearing up its base-stations for this technology, industry regulator Malaysian Communications and Multimedia Commission (MCMC) has yet to approve which telcos would be able to run commercial LTE.

In November 2010, the commission issued temporary licenses to nine telcos for the use of 2.6 GHz spectrum, within which LTE would operate in Malaysia.

When asked, Deputy Minister of Information, Communications and Culture Joseph Salang Gandum said that LTE is not yet a mature technology “and so there is no real rush to distribute the spectrum”.

ZDNet writer Edwin Yapp noted that interested parties are getting antsy over the delay. “Industry observers have criticized the Malaysian government for taking its time to decide on the matter, given that many of the local operators which include P1 are ready to upgrade their networks to LTE,” he wrote.


Link to full article

Singapore – the South East Asian Hotbed for Startups

Singapore is an impressive country with only 5 million people, yet ranks 15th in terms of highest GDP per capita. With little natural resources to exploit, Singapore has had to rely on its only true resource – its people. With a strong emphasis on education and innovation, Singapore is quickly becoming a hotbed for start-ups. Even Facebook co-founder, Eduardo Saverin is living and investing in start-ups in Singapore.

In April, the Media Development Authority (MDA), SingTel Innov8 and National University of Singapore Enterprise (NUS) joined forces to establish a strategic incubation programme called Blk71. The programme is designed to allow start-ups to gain one-stop access to the resources they need to effectively develop and market their solutions to customers. Startups will receive up to S$50,000 of initial seed funding and opportunities for follow-on funding of S$200,000 or more.

To get more insight into MDA’s role, I talked with Michael Yap, Executive Director of IDM Programme Office hosted by MDA.

“Under the name of i.Jam which stands for Jumpstart And Mentor, the government has decided to ignite the interactive digital media industry by fuelling grassroots innovation by setting up a system to incubate ideas quickly with support from the public and private sector.

MDA is responsible for creating the ecosystem that brings together ideas and resources to grow and nurture start-ups. We need to make sure good start-ups have access to funding, so we have a network of angel and series A VC’s.

Our start-ups are mainly fresh entrepreneurs with most being in their 20’s. The youngest is only 16 but the oldest is 60.”

Under the focus area of i.ROCK (Research Oriented Centres of Knowledge), MDA has created strong research centre partnerships with leading universities around the world and has special names to go with them. With Tsinghua in China, they call it NExT (NUS-Tsinghua Centre for Extreme Search) and aims to achieve world leadership position on research in extreme search. Extreme search refers to search for data and information beyond what is indexed by the current Web. With Keio University in Japan, they call it CUTE (Connective Ubiquitous Technology for Embodiments) which aims to explore new frontiers for feeling through experiments in everyday social situations such as pyjamas that react to a hug.

For those who have never been to Singapore, it may be surprising to hear how advanced they are in the creative and innovative industries. Michael believes that as “Singapore has become more developed and sophisticated, since it has naturally evolved and moved up the value chain to be more creative.” The government is leading the charge by giving the sector SGD$500 million

Additionally Michael believes that Singapore has many key advantages that make it great place to innovate. “We have strong intellectual property management, a skilled workforce, a sophisticated user base, free wireless fibre to the node internet and great living conditions that attract talent. For example, Lucas Arts (creators of Star Wars) was able to build a team of people from all over the world. Our workforce is technically sophisticated and is able to mesh creativity and technical skills. We are early adopters of technology as well as a good launch pad into China and neighbouring countries like Indonesia and Malaysia.”

Some of the graduating start-ups from Singapore have proven themselves as breakout global players. Garena is an online game platform provider has registered more than 80 million users from 210 countries. Mozat is a mobile application that allows users to access all social networks (like Twitter, Facebook, Linkedin) on one single platform now serves more than 15 million users worldwide.

It is clear that Singapore is not just a place for good food. The buzzing start-up community is alive and thriving.

 

Related posts:

  1. Mobile Internet Is Booming In South East Asia
  2. The Founder Institute Expands To Singapore To Boost Local Startups Ecosystem
  3. Startups get ready for launch at Echelon 2011 in Singapore


Link to full article

Food SNS Douguo Raise US$ 1.54 million in Shanda Funding

June 24, China’s first and one of the largest food recipe sharing SNS Douguo.com announced the winning of first round funding of up to RMB 10 million (US$ 1.54 million) from Chinese online game vendor Shanda Interactive, which is a record high in the food SNS field and the first investment made by Shanda in such area. According to Mr. Wang Yuxiang, the funding will be used for the development of new products, upgrading of user experience and recruitment.

Douguo.com intends to offer an interactive platform for those who love life and enjoy cooking to discover, share and exchange food recipes.During our recent visit to Douguo office in Beijing, Douguo Founder and CEO Wang Yuxiang shared some of his visions about the site. As described on the site – life is like courses of dishes, no matter sweet, sour, bitter or spicy, it just emerges one after another, Douguo is inspired by daily life. First founded nearly four years ago, as the first Chinese food community, Douguo rapidly grows as a leader of food SNS and remains committed to its initial three goals.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

• Goal #1: content is the most important.Douguo had already amassed more than 100,000 original recipes with detailed descriptions and images, mostly shared by its users the number of which is nearly 100,000.

• Goal #2: expanding online community and mobile client. Douguo previously released its Android app in Jan. 25 this year, followed by an iPhone client in May 3. Currently, the two applications have topped various apps markets steadily.In addition, an iPad cilent will be launched in July this year.

• Goal #3: developing the food community, increasing interactive functions, advocating food DIY. Douguo will revamp its website this month, followed by increased efforts to pay more attention to user experience, and to enhance more interactions on the site.

In addition, Douguo also contains an amazing free e-journal, Mei Shi E Kan which means Food E-Magazine (blog.douguo.com) that includes a wide range of local and world cuisine, advices for health care, and lots of useful kitchen tips. The author of those articles explore in-depthly into the entire world, be it busy street or quiet alley, from classic french food to Chinese sidewalk snack booth.Its RSS

subscriber has increased more than 30,0000, and it is highly recommended by many famous mainstream Chinese online RSS readers, like xianguo.com, DouBan Jiudian and NetEase YouDao. According to Wang Yuxiang, Douguo persists to pursuing its three goals in the past four year.The site wants to purely focus on food and provide a community for people who love cuisine and life.

Related posts:

  1. CampusFork’s “Food Porn” Arouses Both Diners and Entrepreneurs
  2. Rumors: Baidu Acquired Maxthon and Tudou’s $53 Million VC Funding
  3. Shanda Literature Will Go IPO This Month


Link to full article

Shanda Lowered E-reader Bamboo Price to Compete with Tablets

Nut Shell Electronics, the e-reading subsidiary of Shanda, announced today to lower its Bambook e-reader’s price to RMB 499 (US$ 77), nearly 50% percent off the current RMB 999 (US$ 154) price tag.

Net Shell CEO Guo Zhaohui hopes to vitalize the e-reading market with affordable e-readers. He also disclosed that since its launch in last year, customers had an aggregate of over 10 million downloads through Bambook.

Screenshot of Bambook

It seems the e-reader vendor all felt the pressure of multi-purpose IPad and other tablet devices, Hanvon, a prominent e-reader and tablet brand in China, had already cut down several models to RMB 599 (US$ 92). Hanvon is the most recognizable e-reader brand in China in 2010, leading over Shanda’s Bambook (comes in fifth) and Amazon Kindle serials (comes in second), according to a research by ZOL, a Chinese IT hardware news portal belongs to CBSi China. Hanvon is reportedly in big loss under the attack of iPad and other tablets.

Newman and Aigo, two well-known Chinese electronic companies are also lowering down the price of their offerings.

`Market research firm iSuppli analyst Steven Mather once said that “sales of e-readers will fall short due to the growth in media tablets(including iPad and other tablet devices), Many users will use tablets as e-readers”, which is a gloom image for e-reader manufacturers. Globally, e-reader vendors profit margin also declined aggressively after Apple debut the first generation of iPad. And according to Zero2IPO Research Center, a market research and consulting firm in China, sales of e-readers in China dropped down to about 282.5 thousand in Q1 2011 from last Q4’s 305.1 thousand, a 7.41% fall.

 

Interestingly, according to a recent research by Pew Internet Project, e-reader sales surged since last Nov in the States, while sales of tablets grow at a slower pace.

Read the full report.

Related posts:

  1. Computex 2011, Chinese Tablets and the Chicken and the Egg Effect
  2. Shanda e-book unit file for IPO in the U.S.
  3. Lenovo is going to launch iPad like tablet


Link to full article

Silicon Dragon Entrepreneur of Beijing: Si Shen


Silicon Dragon is proud to announce our series of awards honoring the top entrepreneurs in Beijing, Shanghai and Hong Kong.

Our first award, for Silicon Dragon Entrepreneur of Beijing, was presented to Si Shen, the CEO and co-founder of Chinese startup Papaya Mobile, a Facebook-like site that runs on Google's Android operating system. Papaya Mobile has funding from DCM and Keytone Ventures.

Shen received the award at our annual Silicon Dragon Beijing event at Tsinghua Science Park, China's Sand Hill Road. Presenting the trophy was our award series sponsor, KPMG, and the management consultancy's partner Hermann Cheung. (see photo)

Criteria for our Silicon Dragon Award include:
1. An innovative product or service in a tech or related area: mobile communications, e-commerce, social networking, Internet, online games, cloud computing, outsourcing, cleantech, healthcare

2. A dynamic, passionate CEO/founder with some international company experience and/or education at a top university

3. A high-caliber management team with fully staffed positions for CTO, CFO, sales and other top executive posts

4. Raised at least one round of venture capital from a prominent firm

5. Reported fast growth at least two years in a row for startup or emerging company

6. A market leader, with sizeable market share that can be documented by an outside industry source

7. Profitable or a quick path to profitability

8. A highly qualified board of directors from the industry

9. English-language fluency

10. A surprise factor such as a major milestone or accomplishment that seemed impossible

Our award winners are selected by an editorial panel and confirmed with a judging group that includes professors from leading business schools in Singapore, Hong Kong and San Francisco, plus incubator lab executives in Beijing and Silicon Valley.

Our next awards will be presented in concert with:
Silicon Dragon Shanghai 2011, Nov. 7
Silicon Dragon Hong Kong 2011, Nov. 10

For more details, email me at rebecca@siliconasiainvest.com

Link to full article

If RenRen is Not Chinese Facebook, What is? Kaixin, Sina Weibo Or Douban

RenRen claims itself as Chinese Facebook, but as we look closer into the Beijing based company, in many ways, it is not as successful as its U.S. counterpart .  We have discussed these in previous posts, Thoughts On RenRen’s IPO and RenRen is Just a Social Network Not a Chinese Facebook.

Another point worth noticing is that: while both started from university students, Facebook have successfully expanded its coverage, to anyone aged 12 – 60 years old, RenRen is still a predominated university students focus.

“People use RenRen when they are still in the universities, and switch to Sina Weibo when they start working,” said a hedge fund manager invested in Chinese internet stocks.

It seems that as Chinese Facebook (RenRen) is not outstanding enough, Chinese Twitter (Sina Weibo) have a much large room to manoeuver (We’ve reported that the new version of Sina Weibo might come with more social features). But can Weibo be Chinese Facebook? That all depend how people use Weibo.

A major difference between how people use Facebook and Twitter is that: people use Twitter to follow a lot of celebrity, news feeds, etc.  They read those posts, and then re-tweet some of them.  They usually do not add a lot of their own content.  The usual usage pattern is many short intervals a day, e.g. read Twitter 10 times a day, each time for about 5 minutes.

For Facebook, people are communicating with their own friends.  The relationships can be much more intimate.  They post a lot of their own content, such as the family photo, the personal feelings, comments, etc.  The usual usage pattern is once or twice a day, but might last for over an hour.

To advertisers, the more people revealing their own information, they more they can learn about the individuals and the more they can target the users with appropriate advertisements. That is why, given the same amount of  impressions, Facebook ad can be much more valuable than Twitter Ads.

In short, Twitter is still predominate a social media, while Facebook is a real social network.

In China, just like Twitter, Weibo started as a tool to follow celebrities and news, but the absence of a powerful Chinese Facebook makes people start using Weibo to connect with their own friends.  In fact, when people (white-collar) meet new friends in China, they exchange Weibo account. Just like we exchange Facebook account.

In this case, limiting posts to short message only (like that of Twitter), might not be convenient to the users.  That might be why Sina Weibo pretty much allow them to post anything, such as, photo, etc., just like Facebook.

But, can Sina Weibo really takes the role of Facebook in China (a social network for friends)? “We don’t know it right now. We have to track their usage pattern and see when it start to become like Facebook,” said the hedge fund manager.

Currently, the usage pattern of Sina Weibo is still more like a social media (Twitter): Many short intervals in a day and people don’t write much about themselves. But, it is changing.

Besides the usual suspects such as RenRen, Kaixin and Sina Weibo, actually, there is one social network in China, that is very popular among the local Chinese but gets much less publicity in the West. It is Douban. Founded in 2005 by Yang Bo, it is the leading social network in China for book reviews, music reviews and movie reviews.

At the beginning, Douban was modeled after Myspace.  But while Myspace lost its appeal in the West, Douban remains popular in China. According to an industry expert, it has over 50 million users.  Most of them are middle class, literature and art lovers and trendy young people.  Its Alexa ranking is higher than that of Kaixin.  And users spend more time on Douban than RenRen. Its pageview per user is also highest among all major websites in China. (see Alexa stats below) All of these indicates Douban is a very successful social network – something similar to Facebook for Chinese.

 

Related posts:

  1. Three More Reasons Why Renren Is Not Facebook of China
  2. Sorry, RenRen Is Just a Social Network in China, Not a Chinese Facebook
  3. Popularity of Sina Weibo will soon exceed Twitter


Link to full article

Wealink, 4 Years Experience on Chinese Professional Social Networks, A Slow Business

If we talk about the Linkedin business in China, we should not forget about Wealink, one of the earliest adopter and used to be the No.1 professional social network in China. Launched at June 2007, Wealink has been working on this field for 4 years. Wealink should not be considered as a successful business, but it’s doing well enough as it survives, given the fact that most of the first wave Linkedin copies such as Linkist were in dead pool long time ago. Four years, what can we learn from Wealink? We recently caught up with Lerry Zou, the CEO of Wealink who shared his experience on running professional social network in China.

Wealink, the company now has +30 staff and over 5 millions registered users. There is some good memory. “Actually in the first month after we launched, we spent rmb 1 million on the marketing and managed to acquire 500K registered users. ” Lerry said. “We are giving away thousands of usb-key/mouse for free to attract users. Also because professional network was quite new to Chinese netizen, even social networks like RenRen, Kaixin001 did not exist yet, we caught lots of eyeballs at the beginning. But a couple of months later, we realized that doing a professional social network in China is not that easy as we expected.”

1. China has now over 400millions internet users, however it is still hard to find loyal users for professional social networks.

Professional social network need white-collar users which are mainly based in several tier-one cities like Beijing, Shanghai and Guangzhou, so geographically speaking, there is not much room for a Chinese Linkedin to grow quickly. Compared with Social Networks like RenRen, Facebook, the user acquisition is a totally different story in China. The market is not that big. “I don’t mean having 10 millions users and several-hundreds thousands business accounts is not possible, the market has the potential, but till now, we have understand it’s a slow business still.” Lerry commented.

2. The need for online professional social networks.

In China, a). The successful business people have built huge social connections, but they usually do not need online platform to maintain the connections. Especially for those CxO of local businessmen in traditional business, they don’t even use internet often. And as we already know, Chinese don’t have the culture of negotiating business over internet with someone who never met in person. b). Linkedin is a good platform for people who has connections to look for new job. But in China, people with good connections usually have a stable job, they don’t really need a platform like Linkedin; but for those like young generation who dont have many social connections, they might be active users, but later they might feel dissapointed as the high level people they want to meet are not there. “it’s like an ecosystem, but we don’t have a healthily working one in China.” Lerry commented.

Linkedin’s IPO definitely heats up the Chinese local professional market, Lerry admitted that he has been approached by a couple of VCs recently. It should be an exciting moment but Lerry seems quite calm. “We have been through a lot in past 4 years, and we’ve been learning especially from what failed.” Lerry said, “We also study the other professional social networks in the market, what I can tell is that many features they’ve been trying now we have tried and would not work in the end.” Lerry added, “We even tried Open Platform, but at end of day we realized that our users don’t need some third-parties applications, games on Wealink. Their needs are simple, looking for more business connections; Freemium model is not working in China, only few headhunters are willing to pay for the service.”

One of the biggest issues Wealink were facing is that more and more irrelevant users send requests to others, then people got confused and annoyed, is it a Social Network for fun or Professional Social Network for career. Other professional social network like UShi is using invitation-only model in order to guarantee the quality of users. “Invitation is a good approach, but it’s just temporary solution. You need open up one day anyway.” said Lerry.

So is there any future for professional social networks in China?  ”We would not expect a huge traffic into our site, but we can still find a way to monetize it. It’s a slow growing market, but it has potential” Lerry said, “We need a better solution to hiring/recruiting/job hunting in China, as an alternative to sites like 51job, ChinaHR etc.”

According to Lerry, Wealink will launch a new in August with focus on business accounts. We will target at Shanghai to start with aiming at 100k business accounts this year. Every company can set up its company profile page on Wealink. The HR people or staff from that company will be highlighted so users can interact with them directly. The company has +30 staff and is expecting 20 more by end of this year. ‘These 20+ new staff will be mainly sales person to serve business customers.” Lerry is very confident about the company’s new strategy, “We will announce some great partnership very soon!”

Wealink managed to raise $5millions in 2007 and never looked for new round of funding ever since. I thought the market should be mature than 4 years, but Lerry thinks it’s a Yes and No. The market is more mature because the internet penetration is much higher, but with social networks like RenRen, Kaixin001 and Weibo getting popular in China, it’s even harder to pitch a professional social network in the entertainment-centric environment. However, as the market is stimulated by Linkedin’s IPO, no matter if we do need Linkedin in China or not, a tough competition is definitely happening.

 

 

Related posts:

  1. Tianji CEO Says It Is the Best Professional Social Network in China – Interview Part II
  2. How to Run the Professional Social Network in China, Interview with Co-founders of UShi.cn
  3. RenRen's Professional Social Network Launched, At The Same Day When Linkedin Reaches 100Millions Users


Link to full article

Indian VCs are Dumb – Really? Look Within

[Editorial Notes: This article is dedicated to all those who have blamed VCs for lack of a strong startup ecosystem in India. At Pluggd.in, we completely agree/endorse with a candid view presented by Preetham, founder of Quantama, a LBS service]

Indian VCs are dumb f**ks. They do not have the balls or the brains to invest in Indian startups which can become the next Google, Facebook or Twitter !! If I can get a rupee for every time I hear these sentiments I will be reasonably rich soon.

The argument goes that VCs and Angels in US have invested in such start-ups even while revenue models have not been obvious. Fair. VCs in US invested in anything that had a ‘dot’ in a dot-com during the boom as well!!! What happened to all those companies?? This does not showcase that American VCs have bigger balls or better brains. It only tells that the supply and demand (of surplus funds) in that part of the economy (for that period of time) is different. India is NOT America or Israel or Bangladesh or Taiwan or China or…

Economy across countries differ. Heck, Economy in the same country across timelines differ!! Its not the same USA that it is now when it was 6years back. Reflect on the spectacular failures the so called awesome investors in USA has caused through prescient acquisition of sub-prime mortgages inflating the markets. The world economy nearly crashed.

Money is only a very small part of the equation of why a Google or a Facebook is what it is. If money and smart entrepreneurs alone can have spectacular home runs, then the world will be a different place. How about luck? Does that play a part? We hear about these start-ups only because they are successful. What about all of the ones which got funded in US by the US investors (which had super awesome teams) and failed? Should we really have such retro-rational arguments on successful businesses which is across a geography and from a different time?

What if Google had messed it up? Huh? Would you blame the VC then or the Entrepreneur?

IMO The most important aspect for any start-up to ‘survive’ is finding traction with early adopters in the right markets. And subsequently for a start-up to ‘succeed’ they need to cross the chasm to find early majority.

Finding early adopters and early majority is NOT a function of getting funded. A market has many constraints ranging from economics, culture, social-influences, demographics, psychographics, clusters, niches, segments, categories, attribute ownership etc. The Diffusion of innovation and business is completely different for every possible combination of the above dynamics. The rate of acceptance or adoption of a ‘utility’ differ significantly for these combinations across industry verticals.

Among the stated dynamics, culture and social-influences play a priority. Tangential to this debate let us ask the hard questions first.

Why do Indians throw garbage on the roadside? Why do we spit on the walls? Why do we pee outside on the wall of the public toilets? Why do we kill baby girls? (I know you may be nodding your head in disbelief how these questions slipped by in this article!!) Well I will say that you just missed the clue train then.
How many of you have used a really good hyper-local news and deal app that a good friend of mine has built? How many of you have participated in making it viral?

How about a great crowd-sourced testing platform from India that another good friend has built? How about a really cool platform for secondary markets for used-items? How about a book and content publishing platform? You would know the names only if you are early adopters. And hell NO, early adopters are NOT marketed to. There is no marketing budgets for early adopters (Not even in your beloved USofA. There were no marketing budgets for the big three sexy companies you quote in the debates as well).

I do not have anything against US VCs nor am I in bed with the Indian VCs. I feel all VCs are opportunists. They are all the same. They have to make money for their LPs. Yes some are smart others are not. The point is, it is not specific to any geography or time or color of the skin or the size of their you know what.
Indian start-ups fail or succeed because of Indians. Period. (I am an Indian entrepreneur in India building a India specific platform for Indian markets).
I know most of you will not like this post and you will have intelligent arguments supporting your claim. I also know that if you get funded when you do not understand market economics, then, not only will you NOT give us a winning sixer, but you will also mess the case for the other deserving ones. Think through that, Arighty? Peace…

[Notes from Ashish: A general behavior with many Indians is to bring down others - so next time you see a discussion around ‘Could Facebook Have Survived Had It Started In India?”, think of how many interesting startups/geeks you came across and instead of being their ‘first customer’, you just passed on some free gyaan or served as a critic. Think about it. And think hard.]

[Article reproduced from Preetham's blog.]


India's Largest Startup Event, UnPluggd Is Back (Mindblowing Content + Exiciting Startup Demos » July 9th, Bangalore)
» Indian VCs are Dumb – Really? Look Within @Pluggd.in.


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India’s mobile market grew by 15% last year: Samsung, Micromax, HTC Winners, Nokia losing the fight

The Indian mobile industry is the fastest growing in the world and India continues to add more mobile connections every month than any other country in the world. The telecom boom in the country provides great opportunity to handset manufacturers and the hottest segment for these manufacturers is the entry level segment.
Voice&Data’s 16th annual survey ‘V&D 100′ covered all the mobile handset companies doing business in India across categories like feature phones, multimedia phones, enterprise phones and smartphones. Both multi-national and Indian mobile phone firms were surveyed for this report. Here are some interesting findings from the report.

  • Nokia remained the #1 player in handset business and grew at a dismal 0.2%. It faced tough competition in the entry level segments to home grown handset makers like Micromax, Karbonn and Spice whereas it’s high-end phones faced a tough competition from brands like Samsung, BlackBerry and HTC.Nokia enjoys a market share of 39.0%.
  • Samsung captured 17.2% of market share and grew by 21.7%. Samsung’s success can be attributed to its rich product portfolio on various popular operating systems like Windows, Android and Bada.
  • Micromax captured #3 slot among V&D100 Top 10 mobile handset brands for FY2010-11. The company grew 43% during the fiscal and grabbed a market share of 6.9%.
  • Research in Motion’s brand BlackBerry ranked among top 5 mobile phone brands in India. Positioning itself at #4, the Blackberry grew by 61.2%. Its entry level smartphone saw more sales in the fourth quarter than all other three quarters put together. This shows that smartphones offered at an economical price  can storm the feature phone market.
  • HTC saw a growth of 99%, the highest, among all the brands surveyed by Voice&Data, this growth is driven almost entirely by its Android range.
  • As the 3G services extend nationwide, the 3G phones would see a much bigger traction triggering entry of more 3G enabled phones at affordable prices.
  • The fixed phone market shrunk by over a quarter.


India's Largest Startup Event, UnPluggd Is Back (Mindblowing Content + Exiciting Startup Demos » July 9th, Bangalore)
» India’s mobile market grew by 15% last year: Samsung, Micromax, HTC Winners, Nokia losing the fight @Pluggd.in.


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