innovation Archives - Runnymede Capital Management

Chinese bike sharing giants heading stateside

While most of us are used to seeing American companies expand around the world, it is still rare to see Chinese companies coming to the US. That appears to be changing as venture backed companies are raising huge amounts of money to expand globally. Alibaba just held a huge conference in Detroit and now one of their investments is coming to the US — bike sharing. Chinese bike sharing is a massive on demand service – think of it as the Uber of bikes but much bigger with faster growth. Now the two Chinese giants in the space, Mobike and OfoInc, are eyeing the potential of international expansion and they are running trials in the US. While it is still in the early going, Chinese bike sharing is booming and these two companies have the benefits of experience of millions of daily riders. Both companies have raised huge amounts of money this year at over $1 billion valuations.

Professor says China and US Are Most Capitalistic Countries on Earth

On May 24th, I attended the first Gold Event in the CKGSB Knowledge Series at the new offices of White & Case. Dr. Xiang Bing, Founding Dean of CKGSB and Professor of China Business and Globalization, discussed China's Newly Dynamic Economy and the Rising Role of the Chinese Entrepreneur. FYI, CKGSB (Cheung Kong Graduate School of Business) is the Beijing-headquartered business school that Dr. Xiang established 12-years ago with the support of the Li Ka Shing Foundation. It was China’s first privately-owned business school, and these days perhaps the most well-known private Chinese institution outside the country.

The failures of Elon Musk in an epic infographic

To achieve greatness, you have to fail over and over. Red Sox Hall of Famer Ted Williams was the last baseball player to hit over .400 in a season, but that means he failed to get a hit in 60% of his at bats. Basketball legend Michael Jordan didn't make the cut on his high school team, and he stated eloquently, “I've missed more than 9,000 shots in my career. I've lost almost 300 games. 26 times, I've been trusted to take the game winning shot and missed. I've failed over and over and over again in my life. And that is why I succeed.”