China Speakers Bureau: Low-hanging fruit in Asia does not need innovation

William Bao Bean by Fantake via Flickr

Why are technology companies from Asia seldom very innovative? William Bao Bean, partner with Softbank China & India Holdings, tells Business Week the explanation is pretty simple.

"You need something revolutionary to come along in the U.S. to really make an outsize return," says William Bao Bean, a Shanghai-based partner with Softbank China & India Holdings, a $105 million venture fund backed by Cisco Systems (CSCO) and Softbank. In Asia's big two countries, "you don't need to make a revolution," he says. "There's low-hanging fruit to be had.