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Mobile Monday Beijing – Mobile Entrepreneurship in China

It was a great turnout. Many friendly faces and everyone avidly interested in the discussion pannel and the panelists themselves: Weihan Liu from Nokia Ventures was in the hot spot and being asked many questions about the type of investments in mobile that Nokia are making. Greg Shea from RIM commeted on the app strategy and what investors are looking for. Roger Peng told great stories about aquisitions and law in China for mergers. Mr Zhang served as an example of a startup in China targeting 3G customers with a video advertising platform. Moderated by Benjamin from Mobile Monday here's some qotes to the best of my abilities: GENERAL VIEW ON MOBILE Weihan Lu [Nokia]: Great to be in the mobile business. Dataplans are coming down. I can only encourage the entire value chain to see good investment opportunities.   Zhang: Great time gone far and beyond communication device. Its a mini computer. How to do and what value you can bring. 600Million people in China-huge hidden market.   Greg Shea [RIM]: Netscape changed computing and connected ready users to internet. That's where we are now [in mobile]. RIM will have a fund next year [to fund applications]. Benjamin [MM]: What's the exit plan? Rodger: Small boom happening now We see more activity. Unicom contracts with Apple. People are looking for companies in the growth stage. That's a lof activity now. Benjamin: What's hot in Mobile today? Weihan Liu: Gprs increase - companies doing games - sns - are shor term. Ecommerce, local content tier 1 China. Tao Bao comes to mobile. Payment will change. Zhang: Take video out - do you need 3G? Its for video. It will take time for video app that users like to use enhanced advertising solutions over video. Lin up content to users plus advertising will really be significant and profitable in few years. Benjamin: Facebook application company plus iphone is the talk and investment in silicon valley. Are people really making money in mobile? Greg Shea: Converged eco system - divice plus content plus application-hats off to iphone with their own app world. quality apps are the best. Enabling major carriers to improve their application worlds. RIM has never seen operators as dumb pipes. How to make ongoing experience is optimized different stores with different business models. Enabling the carrier and application developers to make money. You will see a shake out. You'll see confederations mergers. Gamming, SNS and video rendering. Benjamin: What applications are interesting for you Weihan [to invest in]? Weihan Liu: Have bandwidth environment. 1/4th is games. What is unique about [the Apple] app store? Rodger: Still lot of growth. 10's of million of us see ecommerce is another target on the phone. Benjamin: Mobile ecommerce market is way bigger in Japan than games... Zhang: 3G? Must be compelling apps more powerful cpu's, etc. More bandwidth intensive apps that mimic TV and this will drive demand [for 3G]. Greg Shea: Not like business will be delivered when 3G comes. Focus on your effectiveness on the 2G cuz then you will be greater on 3G. Weihan Liu: 3G wont take off in China until you have flat rate. Benjamin: Where is the best place to be in the value chain? What's the good position with more opportunities? Greg Shea: Apps, games, and ecommerce. mobile funding for ecommerce. People with clean effective efficient experience. If ou're from the west make sure you have a good Chinese partner because there will be areas that are grey. That is where the opportunities are. Rodger: Follow the crowd until something happens. Set up business until someone tells you you cant do it. Greg Shea: Asia listing in Shanghai indicate..;.unless something doesnt go sidways...you'll see listing of western companies in this country. Weihan Liu: Most attractive apps? Application services content space. Entertainment. Gaming. Ecommerce. What is your edge? special secret sauce? What's the difference from the big players? Anina.net to Greg Shea: Why is the lowest priced appliction in the app store of blackberry 2.99, when the iphone and nokia base price is at 99cent? Greg Shea: It's the blackberry brand position: more advanced users on blackberry. Stronger, more loyal connections to developers. We make the developer make money, and the carrier make money, and therefor everyone is financially stronger.

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