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The founder and CEO of Sinovation Ventures, 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 [url=http://www.cheapjerseysbraves.com/john-smoltz-jersey/]Authentic John Smoltz Jersey[/url] , "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, the situation will change within the next five to 10 years, he said.

The large amount of domestic opportunities somehow hinders Chinese entrepreneurs' from eyeing markets abroad, said Lee [url=http://www.cheapjerseysbraves.com/tom-glavine-jersey/]Tom Glavine Jersey[/url] , who is also a computer scientist.

"The China domestic market is so large, it is three times the size of the U.S. and even larger if you consider things like mobile payment and things like that, it's 50 times larger than the U.S.," he said.

Therefore, "there isn't a lot of them (Chinese business leaders) looking overseas," the CEO said. However [url=http://www.cheapjerseysbraves.com/phil-niekro-jersey/]Phil Niekro Jersey[/url] , when the time comes, he bets that "for those markets outside the U.S., English-speaking countries and Western Europe" China will take take the lead in market shares.

"I think Chinese companies learn very quickly. They fail fast, learn fast, grow fast," Lee said.

Lee is one of China's most successful venture capitalists and influential micro-bloggers. Prior to starting Sinovation Ventures [url=http://www.cheapjerseysbraves.com/orlando-cepeda-jersey/]Orlando Cepeda Jersey[/url] , Lee was the president of Google China.

VIENTIANE, Jan. 27 (Xinhua) -- An agreement on Lao national television channel upgrade project with Chinese sponsor has been signed in Lao capital Vientiane.

The agreement was signed by the Economic Counselor of Chinese Embassy in Laos Wang Qihui and Bounchao Pichit, head of Lao National Television on Friday.

The project includes upgrade of studio, editing system, transmission and conversion system, provision of high-definition broadcasting vehicles and portable transmission equipment [url=http://www.cheapjerseysbraves.com/deion-sanders-jersey/]Deion Sanders Jersey[/url] , among others.

The project is expected to raise the production quality standard of Lao television programs and provide technical support for better exchange of radio, film and television between China and Laos.

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