05.30.08
Posted in Technology Ventures, Globalization at 6:21 am by Ray Wu
After going back to China almost every month this year, I start to really appreciate my root a lot. Since I left China in 1986, there are tremendous amount of changes in that country every year. But it is only until recent few years I start to see not only infrastructure upgrade, but also human capital upgrade. For the first time, I see people make it big not because they have connections and know how to wine and dine, but because they work hard. I see government officials clearly and openly outline their 5 year plan and push hard to make change happen. I see construction and booming everywhere. The latest stats came out last month that consumer spending is growing 22% Y/Y in April 2008. As a matter of fact, China is the third-biggest consumer of luxury goods in 2005 that accounts for 12 percent of sales worldwide. The analysts expect China to be second-largest purchaser of luxury goods by 2015 and account for 29 percent of the world’s luxury sales. According to Goldman Sachs, China GDP will bypass US by 2040, but that’s assuming Chinese currency would stay flat. With current currency appreciation rate, I expect China GDP to pass US within the next 15 years. This is a figure business week mentioned in one of its articles a few weeks ago. From a technology perspective, China is the largest Internet countries in the world with 225M users and counting, 53% Y/Y growth in 2007. It is also the largest Cell Phone Market with 400M cell phone users vs 202M in the US at the end of 2007. Consider China cell phone penetration rate is only at 30+% vs 70% in the US, you can see why all the handset manufactures treat China as the most strategic target. So many possibilities and so little time…
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05.20.08
Posted in Technology Ventures at 10:45 pm by Ray Wu
It has been a while since I blogged last time. I guess I dropped the ball here. With a new baby, various consulting and investing projects and traveling, it becomes hard for me to blog. I will try to do more going forward 
Here is a picture on the Beijing street as the earth quake happened on May 12th. Luckily, my building was very solid that I hardly feel the building shake, but everyone was running.
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11.27.07
Posted in Technology Ventures, Events at 9:14 pm by Ray Wu
I am delighted to be selected as one of the judges for the 2008 CODiE award. Similar to all the Hollywood awards, Codie Awards was established in 1986 as the only peer-recognition awards program of its kind in the high-tech industry, providing a unique opportunity for companies to earn the praise of their peers and competitors. It is for technology companies only, and very much focused on the software and digital content industries. I am excited to see nominations and interesting offerings they bring to the table.
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11.14.07
Posted in Random thoughts at 5:21 am by Ray Wu
Last Friday was my last day in HP and it feels great to be outside of the corporate life. After 10 years in Cisco and then HP, it is wonderful to be independent again, to work with passionate startups and ventures, to dream about new possibilities, and see the results happen quickly. I am grateful to have had opportunities to systematically build operations under large corporate umbrella and make them into success, maybe I would do it again years later when the right opportunity strikes again, but now, it is just too much fun to miss my freedom…
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09.02.07
Posted in Random thoughts at 4:46 am by Ray Wu
Recently, a story told by a friend of mine from old IBM days keeps on popping up in my head. It is a profound story and I really enjoyed it at that time when he told me about 10 years ago.
Here is the story:
A business man is looking for a boat to go cross a river, but it is a lunch time and no carrier is operating. He looks around and finally finds a fisherman with a small boat laying there sleeping.
He approaches the fisherman, wakes him up and says: “Can you take me to the other side of this river? I will give you a lot of money.”
The fisherman says: “But I am sleeping! Why do I need more money?”
The business man replies: “If you have more money, you can buy a bigger boat.”
The fisherman says: “So what if I have a bigger boat?”
The business man replies: “If you have a bigger boat, you can capture more fishes and buy a fleet of boats”.
The fisherman says: “So what if I have a fleet of boats?”
The business man replies: “If you have a fleet of boats, you can have a lot of money and then hire professional managers to manage them for you.
The fisherman says: “So what if I have a lot of money and professional managers?”
The business man replies: “Then, you truly have your freedom! You don’t have to do anything and sleep anytime you like!”
The fisherman says: “Well, that’s exactly what I have before you wake me up!”
Hmmm… Who has more freedom, the fisherman or the business man?
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08.29.07
Posted in Technology Ventures, Events at 7:02 am by Ray Wu
I will be a speaker for Frost and Sullivan 3rd annual Growth Innovation and Leadership 2007 Summit between Sep 16 - 18. If you are interested to see how some big companies develop inside innovation and bridge it with outside venture, this might be a good place for brainstorm and meet some of the colleagues in the same industry.
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