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Singaporeans still think PRCs are uncouth and backwards?

harimau

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Legendary tech investor Michael Moritz says that 'people underestimate China, especially in Europe'
by [email protected] (Sam Shead)
Business InsiderYesterday, 5:33 PM
Sequoia Capital chairman Michael MoritzSequoia Capital

Sir Michael Moritz, chairman of one of the biggest and best-known venture capital companies in the world, believes that the West is underestimating the size and scale of Chinese technology companies.

The Cardiff-born Sequoia Capital chairman reminded Business Insider yesterday at the launch of Skyscanner's new London office that seven of the world's 21 largest technology companies are Chinese, pointing to firms such as Huawei, Alibaba, and Tencent.

"People underestimate China, especially in Europe," said the Oxford graduate who now lives in San Francisco. "They have very little sense of the size, strength, and scale of ambition of the leading Chinese technology companies.

"It takes a long time for perception to catch up with reality so most people’s perception of China is 20 years behind the times."

Founded in 1972, Sequoia has backed startups that now command $1.4 trillion (£930 billion) of combined stock market value, equivalent to 22% of Nasdaq, according to a Forbes article from last year.

Sequoia, based on Sand Hill Road in Palo Alto, California, has built up its reputation after investing in many of America's hugely successful technology companies when they were young, including Google, Apple, Facebook, and Yahoo.

But now it seems to be broadening its horizons, with over 50% of its money now being spent outside the US, according to Moritz.

Mortiz said a "large market, a large supply of extremely talented people and great ambition" are the main reasons why Chinese technology companies are scaling into mega corporations with huge revenues and profits.

Skyscanner

Skyscanner CEOSequoia Capital

One of Sequoia's non-US investments is Scottish startup Skyscanner — a platform that allows people to find and book flights, hotels and cars. Interestingly, Skyscanner has a significant presence in China.

Skyscanner employees over 800 people worldwide, with 45 staff spread between Shenzhen and Beijing in China, where it has chanced its name to "Tianxun".

"There are not too many UK technology companies doing business in China: Skyscanner is one of them," said Moritz, who came top of the Midas list, a ranking of the world's best investors in 2007 following his investment in Google.

"China is a very culturally distinct and very special country that we’re addressing with a long-term view," said Skyscanner's media team via email.

"We believe that to have the best travel site for Chinese customers we need to ensure we are developing the product within China by experienced travel tech specialists who understand the needs of the Chinese travelers: which is why we have an office there. So, for example there in-app payment is the norm, so we accept payment through Alipay there.

"We’re still growing at a huge rate there. Between 2013 and 2015 our visitors in China grew by 207% and our mobile visitors grew by 397%."

While Skyscanner already has two offices in China it has only just got round to opening an office in London, where it hopes to tap into the city's well-established tech network and employ up to 28 people in predominantly engineering roles.
 
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yellowarse

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“China is a sleeping giant. Let her sleep, for when she wakes she will move the world.”
~ Napoleon Bonaparte
 

eatshitndie

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Napoleon lived and died 100 years ago.
Are we supposed to wait another 100 years to see this prediction come true?

ahem, 200 years ago. the other 100 years are up, and we are smelling the waking giant's unclean bad breath from across the ocean already. she needs to first brush her teeth when waking up. :p
 
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Jah_rastafar_I

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what's new? China and by proxy chinese ppl get underestimated and the funniest thing is you have chinese especially sinkie chinese who underestimate china which ironically means they get under estimated by others as they are chinese yet some of them don't seem to mind or are so stupidly unaware of this. This article is going to piss off lots of chinese dogs and i see a few here already.
 

ChineseDog

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Napoleon lived and died 100 years ago.
Are we supposed to wait another 100 years to see this prediction come true?

Good job my fellow chinese dog vice chief. We chinks are so inferior it will take very long for us to succeed or not at all. Even the predictions of great men about us chinks that is positive will always be wrong unless they are negative.

ahem, 200 years ago. the other 100 years are up, and we are smelling the waking giant's unclean bad breath from across the ocean already. she needs to first brush her teeth when waking up. :p

Good job my fellow chinese dog. We chinks have very smelly breath and stink.
 

frenchbriefs

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theres 1.3 billion of them muthafarkers,im pretty sure not every single one of them are tech geniuses,90 percent of them are still the shit and poo everywhere ni mah de chou sha bi uncouth barbarians and most PRCs the world and singapore have to deal with and encounter on a daily basis belong to the 90 percent category.
 

ChineseDog

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theres 1.3 billion of them muthafarkers,im pretty sure not every single one of them are tech geniuses,90 percent of them are still the shit and poo everywhere ni mah de chou sha bi uncouth barbarians and most PRCs the world and singapore have to deal with and encounter on a daily basis belong to the 90 percent category.

Good job my fellow chinese dog. We chinks are uncouth and shit and poo everywhere and curse bad words. i disagree with you on 90% all we chinks are 100% uncouth barbarians.
 

Wunderfool

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Those educated in the West turn out to be one of the most gracious and civilised beings on earth.

But many of these nice Chinese are not willing to return to China . They love the culture and lifestyle of the West.
 

3_M

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http://www.researchinformation.info/features/feature.php?feature_id=537

Chinese science comes of age

As well as publishing more and better science, China is increasingly committed to open science, writes Ed Gerstner

Research Information: October/November 2015

Most people like to think that their nations are at centre of things in the world. For China, this is more than just an aspiration – the Chinese word for China, Zhongguo, literally means ‘Middle Kingdom’.

This goes beyond its place in the world as the most populous nation – numbering over 1.35 billion people – or one of its oldest civilizations – having been unified by Emperor Qin Shi Huang in 221 BCE. China is immensely proud of its scientific tradition – a tradition that produced the ‘four great inventions’ of the compass, gunpowder, papermaking and printing, not to mention cast iron, negative numbers, India ink and more. But although it stumbled in the 19th and for much of the 20th century, Chinese science is making a comeback.

At a conference on scientific and technological work held in Shanghai in January 1963, China’s Premier Zhou Enlai called on China’s scientists and engineers to advance its capability in the fields of agriculture, industry, national defence, and science and technology, which he referred to as ‘The Four Modernisations’. In 1978, Deng Xiaoping set about to realise Zhou’s vision through a massive programme of economic reform.

For past two decades, double-digit year-on-year increases in China’s spending on research and development (R&D) have seen it overtake Europe in 2013. And by 2020 it is expected to outspend the US.

That investment seems to be paying off. In 1997, fewer than 2.5 per cent of the original research articles published in journals included in the Science Citation Index were co-authored by researchers based in China. In 2006, China’s contribution to the scientific literature had grown to overtake that of the Germany, the UK, France and Japan, making it second only to the United States. By 2014, this doubled again, bringing China’s contribution to 19 per cent of the articles listed in the SCI, compared to that of the US of around 25 per cent.

Next year, the country’s largest science funder, the National Natural Science Foundation of China (NSFC) will celebrate its 30th anniversary. The NSFC’s annual budget has grown from just ¥80 million RMB (£8 million GBP) in 1986 to an expected ¥22 billion RMB (equivalent to about £2.2 billion GPB) in 2015. It now funds 60 per cent of China’s pure scientific research, or about one tenth of the world’s scientific output measured in numbers of papers.

Of course, quantity is not the same as quality. For most of the 20th century, the number of papers published in high-impact journals like Nature and Science each year from authors in China could be counted on one hand. Of the top 0.1 per cent most-cited articles published across all journals in 1997, only four had any co-authors based in China. But here too, China has made remarkable progress. Last year, that number was 269 articles, or 21 per cent of the top 0.1 per cent most-cited papers published in 2014. According to the 2013 Nature Index, its contribution to research in the world’s leading journals is now second only to the US.

None of this has escaped the notice of publishers. To help us better serve the needs of the rapidly growing Chinese scientific community, in 2012 we at Nature Publishing Group launched our first mainland China office in Shanghai. In the past three years, our editors have visited thousands of professors, academicians and researchers at over 80 institutes, in more 40 cities throughout greater China. Our editorial presence has grown to make Shanghai the third largest of our offices after London and New York.

As well as publishing more and better science, China is increasingly committed to open science. The Chinese Academy of Sciences (CAS) was among the earliest signatories to the ‘Berlin Declaration on Open Access to Knowledge in the Sciences and Humanities’ that established many of the founding principles of the open access movement.

In March 2014, CAS and the NSFC have both issued statements encouraging the scientists they support to publish the results of their research in open access journals. And in May of the same year, Chinese Premier Li Keqiang said: ‘Open access to scientific knowledge and the nurturing of next generation researchers are what are needed nowadays and fit well with our future direction.’

What’s more, they’re putting their money where their mouth is. Nature Publishing Group’s 2015 Author Insights Survey found that the 1,445 Chinese authors surveyed were much more likely to receive support to publish their research via open access than their global colleagues, and an increasing proportion are choosing to do so exclusively. Some 20 per cent of authors based at Chinese institutions had published exclusively via an open access model over the last three years (up from 14 per cent in 2014) a much higher proportion than the equivalent of authors in Europe and North America (6 per cent). Only 11 per cent of authors in China said that they did not know how much budget they had for publication costs, compared to 18 per cent for the rest of the world. And it shows. Ever since the launch of our flagship open access journal, Nature Communications, in 2010, Chinese scientists have consistently chosen to publish open access more than researchers from elsewhere in the world.

How all of this will be affected by changes in the global economic climate is of course difficult to predict. What is clear, though, is that the government knows that China’s prosperity depends on it continuing to develop an economy that is based on knowledge and innovation. The strength of its commitment to science and technology, then, is likely to continue for some years to come.

Ed Gerstner is head of open research and executive editor for Nature Publishing Group, Greater China
 

Thick Face Black Heart

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I have no doubt that China will challenge US for global dominance one day. It's a pity however that the best and brightest Chinese will never want to come to Singapore. They will prefer the US, Europe and Australia. The FT we are importing are at most 3rd or 4th rate chinese citizens who can't compete on the world stage, so they have to come to Singapore. When will the PAP ever learn that its FT policies have completely failed?
 

frenchbriefs

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I have no doubt that China will challenge US for global dominance one day. It's a pity however that the best and brightest Chinese will never want to come to Singapore. They will prefer the US, Europe and Australia. The FT we are importing are at most 3rd or 4th rate chinese citizens who can't compete on the world stage, so they have to come to Singapore. When will the PAP ever learn that its FT policies have completely failed?

we do have the best and brightest shitskins.
 

frenchbriefs

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I have no doubt that China will challenge US for global dominance one day. It's a pity however that the best and brightest Chinese will never want to come to Singapore. They will prefer the US, Europe and Australia. The FT we are importing are at most 3rd or 4th rate chinese citizens who can't compete on the world stage, so they have to come to Singapore. When will the PAP ever learn that its FT policies have completely failed?

lets face it,even sinkies want to get out of sinkieland and go to australia or canada,ang mohs are the best!!any city or country dominated by chinks are bound to suck sooner or later.the entire parochial mindset of the chinks and the confucianism and the whole top down chain of command way of life chinks is ultimately a failure,not to mention the u must respect elders or authority at all times regardless whether its logical or of merit to do so,is just totally restricting and unproductive and ultimately stifles growth in society and progressive
 
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Thick Face Black Heart

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lets face it,even sinkies want to get out of sinkieland and go to australia or canada,ang mohs are the best!!any city or country dominated by chinks are bound to suck sooner or later.


Emigration unfortunately is not for everyone. Only rich kids and those with guts and ability can do it. Soon, singapore will be filled with 3rd rate singaporeans who don't have the guts to migrate, and 3rd rate immigrants from China and India who are able to migrate but can't go to the western world because they lack ability or character or both. That is why singapore will suck big time, if it doesn't already suck big time.
 

no_faith

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Like many says, they are well versed in cloning, copying, duplicating.
What is their own creation? Nothing.
Only their creation is whore.:biggrin:
 

Narong Wongwan

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Those educated in the West turn out to be one of the most gracious and civilised beings on earth.

But many of these nice Chinese are not willing to return to China . They love the culture and lifestyle of the West.

These cultured chinks converted by the wonderful western civilization sadly wil be called Chinese dogs by their uncouth peers. Sad.
 

Asterix

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Uncouth and backward Sinkie peasants descended from coolies think all PRCs are uncouth and backward because they only see those PRCs imported by their overpaid MiniSTARS and still these daft 70% continue to vote to be screwed by you know who. 'allo, there's another of civilised Chinks out there .......

[video=youtube;Fj13KU3SAvE]https://www.youtube.com/watch?v=Fj13KU3SAvE[/video]
 

ChineseDog

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Uncouth and backward Sinkie peasants descended from coolies think all PRCs are uncouth and backward because they only see those PRCs imported by their overpaid MiniSTARS and still these daft 70% continue to vote to be screwed by you know who. 'allo, there's another of civilised Chinks out there .......

[video=youtube;Fj13KU3SAvE]https://www.youtube.com/watch?v=Fj13KU3SAvE[/video]

my fellow chinese dog all prcs being chinks are all uncouth and backwards including us singaporean chinks. What horrible music is that? That is low class uncultured music.
 
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