Mikkel Hippe Brun, senior vice president for Tradeshift in Asia Pacific also discussed the global role in new spreading new technology. "We need to find global standards for how we manage these new technologies,” he said. "Access to capital is one of the biggest barriers for growth in any SME company," Brun said. "The opening up in the Greater Bay Area, for instance, allow foreign banks to finance the SMEs is a very interesting development".
“There aren’t many Western tech companies that have had success in China because it is a very competitive environment,” Mikkel Hippe Brun, co-founder of cloud-based supply chain company Tradeshift, said in a separate session at the conference on Wednesday. “Chinese companies run with Chinese speed and very short decision cycles. So Western companies (are) always behind, (and) seen as slow in those decision cycles.”