Peking University, Apr. 2, 2012: On the afternoon of March 22, Beijing Senior Management Summit of the Graduate School of Business (GSB) of Stanford University was held in the Alibaba Lecture Hall at Guanghua School of Management of Peking University (PKU). With the theme of "the Strategy of the 21st Century: Leadership, Innovation, Entrepreneurship and the Future of China", the summit attracted over 200 Stanford University Alumni from around the world. It was chaired by Mr. Glenn Carroll, the Senior Associate Dean for Academic Affairs of the Graduate School of Business of Stanford University, Professor Carroll made a keynote speech with the title "to Cultivate Business Leader of the 21st Century: Balance and Visionary". He pointed out that leadership played an increasingly important role in the development of business in the past decade. As a world-class business school, the GSB of Stanford paid more attention to students' ways of thinking and cultivating their abilities to think to mould their leadership and international perspectives.

In his speech, Professor Carroll introduced in detail the training model and the development of the MBA program of the GSB of Stanford. He said that the PKU's Stanford Center recently established would greatly promote the Sino-US cooperation in education and he was confident in prospects of the cooperation between PKU and Stanford.

Based on their respective fields, experts, alumni of Stanford University and the famous Chinese entrepreneurs discussed issues like the innovative ability of enterprises and the venture capital's role in promoting the entrepreneurship in China. Victor Koo, Stanford MBA graduate in 1994, the founder and CEO of Youku, said that innovation was the most important factor of a company and it would ensure an enterprise's maintenance of vitality and competence in the contexts of rapidly developing technology. Along with China's Reform and Open policy and the development of the internationalization of Chinese enterprises, there would be more and more innovative Chinese enterprises.Richard Lim, the co-founder of the well-known domestic venture capital firm--GSR Ventures Fund, believed that the operation of venture capital in China was becoming more and more mature and market-oriented. He said that the capital injection would benefit the rise of a number of new enterprises in China.