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This seminar is part 5 of SPRIE's 5-part series on "Greater China: Entrepreneurial Leaders."

With China's fast growth pace, the build-up of its communication network is one important factor to ensure continuous growth. However, with the gloomy economy in the rest of the world, China's service providers are adjusting their investment strategy. Understanding the dynamics in the Greater China region will help capture market opportunity.

Mr. Gwong-Yih Lee is a distinguished entrepreneur, leader, and visionary in the emerging telecom market. Currently, he serves as a senior director of Global Solutions at Cisco Systems. Prior to Cisco, Mr. Lee was founder and chairman/CEO of TransMedia Communications, Inc. Acquired by Cisco in 1999 at the value of approximately $500 million, TransMedia builds products that capitalize on the opportunities created by the convergence of data, voice, and video. In 1999, TransMedia was selected as "Best of Breed" startup by the industry's top venture capitalists.

In May 1987, Mr. Lee founded Digicom Systems, Inc., a company devoted to high-speed modern communications applications in both software algorithms and hardware. Digicom has developed, manufactured, marketed, and supported a full continuing line of high speed communications products and was acquired by Creative Technology, Ltd. In 1994, prior to Mr. Lee's founding Digicom Systems, he held positions as a senior engineering manager with Silicon Valley firms including Anderson Jacobson, Racal-Datacom, and Cermetek Microelectronics.

Mr. Lee received a bachelor's degree from National Chiao-Tung University in Taiwan and a master's degree in electrical engineering from New York State University.

Philippines Conference Room, Encina Hall, Third Floor, Central Wing

Gwong-Yih Lee Senior Director and General Manager Cisco Systems
Seminars
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This seminar is part 2 of SPRIE's 5-part series on "Greater China: Entrepreneurial Leaders."

From a venture capital investor's perspective, what are the key opportunities and challenges of doing business in China in the current environment? Why? How is China's emerging private equity investment industry? What are the major differences between "home-grown" Chinese private equity firms and foreign capital firms? Bobby Chao will address these questions, based on personal experience gained over the past twenty years.

Bobby Chao began his career as one of the five original founders of Cadence Design Systems. A year after Cadence's successful IPO, Bobby founded Ocron, a leader in Optical Character Recognition (OCR) technology and document management software. Bobby was chairman and CEO of Ocron until Umax Technologies, Inc. acquired it. He then became part of the Umax team serving as senior vice president of marketing in charge of corporate marketing and investment. Bobby was previously general partner for Technology Associates Management Company and has served as chairman and CEO of VA Linux Systems.

Mr. Chao currently serves as chairman of Dragon Venture Inc., a cross-pacific venture capital, consulting, and M&A company, bridging the U.S. and Greater China markets. Portfolio companies focus on telecommunications, Internet infrastructure, Linux, fables IC designs, and EDA. Mr. Chao is currently on the board of several companies and professional organizations.

Mr. Chao holds a B.S. in physics from Taiwan, an M.S. in physics from Georgia State University, and an M.S. in aeronautical engineering from Stanford University.

Philippines Conference Room

Seminars
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This seminar is part 1 of SPRIE's 5-part series on "Greater China: Entrepreneurial Leaders."

For a long time, researchers have asked whether the success of Silicon Valley can be replicated elsewhere. There have been various levels of attempts and various levels of success outside the United States.

Depending on how success is measured, one can draw different conclusions. How do we evaluate Hsinchu Science Park? Have they created innovative products? Have they produced entrepreneurs? How do they stack up to Silicon Valley? What is their competitive edge? As China joins the WTO, what should its strategy be?

On a long-term basis, what are the factors that will drive and deliver sustainable competitive advantages? With changes in global economic conditions, how does one re-evaluate the Silicon Valley model? As China joins the WTO, what should its strategy be? And as China becomes the manufacturer of the world, what is its impact on Taiwan and Silicon Valley?

This talk offers an analysis of experiences in Silicon Valley and Asia in the past twenty years. It also offers some reflections on the model and strategy for Greater China.

Since November 1998, Sha has been a managing partner at Spring Creek Venture, which specializes in early-stage venture investment and business consultation with Internet and infrastructure companies. Sha is currently serving on the board of directors of several start-up companies, including Appstream, Acela, Aduva, E21, LiveABC, Optoplex, Mediostream, and Tom.com.

Sha has extensive experience as a leader of high technology companies. He served as CEO for Sina.com and senior vice president of Commerce Solutions at Netscape Communications. While at Netscape, he served concurrently as president and CEO of Actra Business Systems, a joint venture formed by Netscape and GE Information Services. A company Sha built from scratch, Actra was the first company to focus on business-to-business e-commerce and e-procurement application systems. Prior to Actra, Mr. Sha served as vice president and general manager of business-to-consumer integrated application business at Netscape Communications and vice president of the UNIX Product Division at Oracle Corporation.

In his community service, Sha served as chairman of the Monte Jade West Coast association from 2000-2001. Sha currently is serving as chairman of the Monte Jade Global Association, the premier technology entrepreneur association with twelve chapters in the United States, Canada, Singapore, and Taiwan.

Mr. Sha holds an MS in EECS from the University of California at Berkeley, an MBA from Santa Clara University, and a BS in EE from Taiwan University.

Philippines Conference Room

James C. Sha Managing Partner Spring Creek Venture
Seminars
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(Excerpt) China is becoming the workplace of the world, so we are increasingly told. Jeffrey Garten, dean of the Yale School of Management, writes, "Will China's importance to global manufacturing soon resemble Saudi Arabia's position in world oil markets?" And the world economy might "soon become dangerously vulnerable to a major supply disruption [in China] caused by war, terrorism, social unrest, or a natural disaster" (Business Week, June 17, 2002).

Its growth in manufacturing is impressive. Manufactured goods exports rose during the 1990s at a 15 percent annual rate to about $220 billion in 2000. On one estimate, China now makes 50 percent of the world's telephones, 17 percent of refrigerators, 41 percent of video monitors, 23 percent of washing machines, 30 percent of air conditioners, and 30 percent of color TVs. Many companies in the United States, Japan, Taiwan and elsewhere are moving operations there. Jobs are shrinking in Mexico's factories as work shifts to China. The building space of foreign contract manufacturers grew from 1.6 million square feet in June 1999 to 5 million square feet two years later.

The causes are China's opening to the world; its abundant supply of cheap, competent labor (with wage rates 5 percent of those in the United States or Japan and one-third of Mexico's--and no trade unions); a high savings/capital formation rate; and an influx of direct investment that brings technology with it. Moreover, there are still around 300 million workers in low-income, primary producing sectors, largely agricultural, that is a reserve pool of labor for industry. ...

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Publication Type
Journal Articles
Publication Date
Journal Publisher
International Economy
Authors
Henry S. Rowen
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In recent years, Asian immigrants have played an important role in Silicon Valley's growth, as suppliers of both engineering and entrepreneurial talent. Given their relatively large numbers, the Indian and Chinese communities' contributions have been particularly noted.1 The Indians' presence became more marked toward the last few years of the century, bolstered by arrivals working on the Year 2000 (Y2K) problem.2 The Chinese, by contrast, had older roots set down amid long-standing political, economic, and educational links with Taiwan.

Both communities have formed extensive ethnic professional networks,3 with large memberships and well-attended, regular "networking" events, such as monthly meetings and special interest group sessions.4 The popularity of these events suggests that members find them valuable. While some of the value is probably noneconomic, the avowedly economic mission (see below) and long-term popularity of these gatherings means that most members primarily derive economic benefits. These networks and their members are the subject of this paper.

The author acknowledges the collaboration of Professor AnnaLee Saxenian of the University of California, Berkeley, in the design of and data collection for the survey which forms part of this paper. The survey was partially funded by the Public Policy Institute of California.

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Publication Type
Working Papers
Publication Date
Journal Publisher
Shorenstein APARC
Authors
Rafiq Dossani
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Larry Diamond, Senior Fellow, The Hoover Institution and Professor of Political Science & Sociology, Stanford University. A specialist on democratic development, Professor Diamond is studying public opinion in Taiwan, where he will serve as an official observer of the parliamentary election. He is co-editor of Journal of Democracy. Phillip C. Saunders, Director, East Asia Nonproliferation Program, Monterey Institute of International Studies. Professor Saunders studies Sino-US relations and East Asian security issues. He is the author of Project Strait Talk: Security and Stability in the Taiwan Strait. Thomas Gold, Professor of Sociology, University of California, Berkeley A specialist on the democratic transition in Taiwan, Professor Gold is the author of "The Waning of the Kuomintang State on Taiwan," in State Capacity in East Asia. He will be an official observer of Taiwan's parliamentary elections. Taiwan politics were turned upside-down in March 2000, when the Kuomintang was defeated in the presidential election, ending 55 years of one-party rule. Now, polls show the KMT is likely to lose its parliamentary majority in the December 2001 elections, a development which would dismay Beijing, sideline one of Asia's oldest political movements, trigger profound realignments in Taiwan's internal politics, and transform relations between Taiwan, China, and the United States. The election results and their implications will be discussed in a roundtable discussion with the three panelists. A buffet lunch will be served.

Encina Hall, third floor, AP Scholars Conference Room

Larry Diamond Senior Fellow, Hoover Institution Panelist Professor of Political Science and Sociology, Stanford University
Phillip C. Saunders Director, East Asia Nonproliferation Program Panelist Monterey Institute of International Studies
Thomas Gold Professor of Sociology Panelist University of California at Berkeley
Workshops
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A one-day conference organized by Shorenstein APARC brought together 110 distinguished participants from India, the United States, Israel, Taiwan, Europe, and Latin America. The program's objective was to inform and educate India's IT policymakers and practitioners on India's enabling environment with respect to regulation, governance, access to capital, and technological capabilities. The proceedings of this conference are available as an Shorenstein APARC publication, prepared by Dr. Rafiq Dossani.

Stauffer Auditorium
Hoover Institution
Stanford University

Conferences
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Mr. Tai is on leave from the Ministry of Foreign Affairs, Taipei, Taiwan while he is here at Shorenstein APARC. To attend the luncheon program please respond to Leigh Wang by Wednesday, September 26, 2001. You can reach her at 650-724-6405 or via email at lzwang@stanford.edu.

Daniel and Nancy Okimoto Conference Room

Stephen Tai Visiting Scholar Speaker the Shorenstein Asia-Pacific Research Center
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This luncheon comes at a time when the Shorenstein Forum is nurturing a special interest in journalism, and embarking on shared activities with its sister institution at Harvard, the Shorenstein Center on Press, Politics, and Public Policy. The Forum is delighted to welcome this distinguished delegation from the Brookings Institution. ***** THIS LUNCHEON IS BY INVITATION ONLY. *****

Philippines Conference Room, Encina Hall, Third Floor, Central Wing

Li Xiaoping Director Speaker Institute of Political and Legal Studies, Moscow
Chen Hao Executive Producer Speaker TVBS, Taiwan's leading cable network
Chris Yeung Chief Political Editor Speaker South China Morning Post
Chungsoo Kim Economic Analyst Speaker JoongAng Ilbo newpaper, South Korea
Alexander Lukin Producer Speaker "Focus", China Central
Workshops
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