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DAVOS, Switzerland, Jan. 24 (Xinhua) -- Once Chinese entrepreneurs change their focus from the domestic market to abroad, their business mode will beat U.S. competitors and take a larger share of foreign markets, Chinese CEO Kai-Fu Lee said during the World Economic Forum here.
The founder and CEO of Sinovation Ventures vans old skool noir , a venture capital firm that specializes in creating successful Chinese start-ups, made the remarks recently to CNBC TV on the sidelines of the Davos forum.
Lee believes Chinese companies are better at localization and partnering with native companies, "more partnership-friendly" in short, while U.S. competitors are "more monolithic, taking Facebook and Google everywhere."
Though Chinese business people and companies are largely targeting the domestic market http://www.oldskoolsolde.fr/ , the situation will change within the next five to 10 years, he said.
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