FLASH: 2 KILLED IN U.S. DRONE STRIKE IN NW PAKISTAN -- LOCALMEDIA

1st direct freight train service linking E China [url=http://www.cheapnfljetsjerseys.com/joe-namath-jersey/]Joe Namath Jersey[/url] , Duisburg launched

London subway station blast being treated as terrorist incident

Super typhoon Talim brings gale and heavy rainfall, causing billows in E China

Exhibition held during National Mass Innovation Entrepreneurship Week

Special snacks displayed during 14th China-ASEAN Expo

Scenery of paddy fields in Baicheng, NE China's Jilin

China Focus: World's oldest panda dies aged 37

Scenery of terraced fields at Wuyishan in SE China's Fujian

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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, "more partnership-friendly" in short, while U.S. competitors are "more monolithic, taking Facebook and Google everywhere."

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Lee is one of China's most successful venture capitalists and influential micro-bloggers. Prior to starting Sinovation Ventures, Lee was the president of Google China.

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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.

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