Middle East companies shift focus to China from Silicon Valley, says MSA's Ben Harburg
Entrepreneurs in Middle East want to learn best practices from China and are moving away from things that were pioneered in the Silicon Valley, says Ben Harburg, managing partner of Beijing-based MSA Capital.
Harburg says emerging technology markets will migrate their way toward China through "decoupling", leaving American tech companies "in a precarious position." Ben Harburg, managing partner of MSA Capital, speaks at CNBC's East Tech West conference in Nansha, Guangzhou.Entrepreneurs in the Middle East are no longer smitten by Silicon Valley, says one venture capitalist.
Instead, they are looking for inspiration from China's mobile-first business models — such as e-commerce, payments and health care, according to Ben Harburg, managing partner of Beijing-based MSA Capital, a global investment firm. "Certainly from a technical perspective, entrepreneurs in the Middle East are recognizing that by learning from Chinese best practices, they can accelerate their learning curve and build businesses that are more scalable, more asset-light, and ultimately, can win out their region by adopting Chinese practices rather than maybe things that were pioneered in Silicon Valley," Harburg told CNBC's Christine Tan at...
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