Business Week Nov.10,1997
Take Wu Ying. The 38-year-old Beijing native got his master’s in electrical engineering from New Jersey Institute of Technology and worked in multimedia at AT&T’s Bell Laboratories. He then joined with a couple of other American-educated Chinese to form UTStarcom, based in Alameda, Calif., which makes telecom-network gear in two factories in China. In just six years, UTStarcom has reached sales of $63 million. It plans to seek a NASDAQ listing in 1998. Wu wants more U.S.-educated Chinese to join UTStarcom. "The States give one the best education in entrepreneurship and initiative," says Wu. "China needs that." One sign of Wu’s recruitment: A company billboard near Beijing’s airport that announces: "Overseas students, China’s door is open to you!"