李开复：创新工场一周年

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Ex-Google China head's venture celebrates one yearBy Qiang Xiaoji and Ren Jie (source: chinadaily.com.cn)

Editor's note: Kai-Fu Lee, former head of Google China, quit Google and launched a venture business platform called Innovation Works a year ago. Now his team expanded to about 200 people and moved to a new building. At the one-year anniversary celebration, Lee talked about the latest development of Innovation Works and the future plans.

Innovation Works, former head of Google China Kai-Fu Lee's own venture platform company, has invested $4 million in a dozen projects covering areas of mobile Internet, Internet consumption, e-commerce and cloud computing, Lee said at his company's one-year anniversary celebration in Beijing on Wednesday.

At the new site, where his 200-person team planned to move, Lee unveiled five projects, which included a smart phone operating system based on Android for Chinese users, a software assistant for Android phones, an analytics tool for mobile developers in China, a photo processing tool for mobile phones and an SNS and Web-based games publishing tool targeting the global market.

Lee emphasized that mobile Internet would still be the priority. "We put 75 percent of our energy on mobile computing, as this is the top priority, which also contains the biggest opportunities. Fifteen percent of our energy will be put into e-commerce and 10 percent for cloud computing," he said.

Instead of generating ideas internally and investing in external projects, Innovation Works plans to put more emphasis on seeking external projects as it would be more efficient, Lee said when summarizing the gains of the past year and his aims for the future.

Full story: http://www.chinadaily.com.cn/business/2010-09/13/content_11294965.htm

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E-commerce and mobile Internet will enter a pace of fast development in the next few years in China, Kai-Fu Lee, the chairman and CEO of Innovation Works said in Beijing on May 31.

Lee, who quit Google and launched a venture business platform called Innovation Works in September, revealed at the TMT China 2010 Internet & Mobile Forum that his company had already funded nine projects in the areas of E-commerce and mobile Internet, and some of them would be ready this year.

"We are putting much more emphasis on mobile computing. Seven of the nine projects are in mobile computing; two are in e-commerce," he said later in an exclusive interview with chinadaily.com.cn.

"Mobile Internet and e-commerce are growing so rapidly... If we do not act quickly, we may miss out," he added.

Full story: http://www.chinadaily.com.cn/business/2010-06/03/content_9931269.htm

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Kai-Fu Lee, the chairman and CEO of Innovation Works, explained the latest development of his Innovation Works in an exclusive interview with chinadaily.com.cn after giving a keynote speech at the TMT China 2010 Internet & Mobile Forum held in Beijing on May 31.

Q: Could you briefly introduce the latest development at Innovation Works?

A: We've built a very strong team and we've brought in 100 engineers. They are very topnotch, new graduates from industry. We funded nine companies. Some were internally generating ideas, others were entrepreneurs approaching us. The nine companies and 100 engineers are getting started in building interesting products.  
Full story: http://www.chinadaily.com.cn/bus ... content_9931161.htm