WiFi infrastructure and web-based video are among the areas flush with business opportunities for those seeking to capitalize on China's booming economy. This was among the advice Jamaican-born venture capitalist Lloyd A Carney gave members and friends of the Caribbean Association in China (CAC) during a recent presentation.
Before he founded the US-based Carney Global Ventures, Carney was chairman and CEO of Micromuse, an IT and telecom infrastructure management tools provider, before IBM bought it for US$800 million in 2006.
He is convinced that Shanghai is the perfect location from which to take advantage of the opportunities that spring up as China steadily increases its wealth and global reach.
The CAC was started this year by a group of 11 regional nationals living in China who felt the time had come to establish a Caribbean network and to build an awareness of the region in China.
(China Daily October 12, 2007)
