of social enterprises, with focus on intersection of technology and social innovation Growing China’s top SEs A fellowship program for seed-stage Chinese social entrepreneurs, offering training, mentorship and investment opportunities
to those early dot-com boom days. “I’ve worked in Tokyo and in Silicon Valley during the dot-com bubble, and that was intense,” he said. “But it’s not even close.” -NY Times Dealbook
company, or even the government, remains a big hurdle for startups by young Chinese professionals born as the only child of their aging parents. Americans, in contrast, live with the epic stories of Bill Gates, Steve Jobs and Mark Zuckerberg dropping out of college to chase their dreams and become billionaires of companies that literally changed the world.” - Frank Yu
posted on Kaixin (social network) after Wenzhou train crash in July 2011. Respondents could select up to five options, ranging from “equality” to “science & technology”. Just 1% of respondents select “the economy.” The response of 73% of those polled: There is no hope. I don’t want to save it anymore.
Why ޓ联᠓ ≠ the Internet HW: A clicking tour Starting-up in China Why start-up in China? (2) Discussion/Q&A LARGEST Internet user base in the world DO NOT APPLY The same rules IT’S COMING Like it or not PROBLEMS We’ve got
Openness” Prize stability; the “iron rice bowl” Parents of the 1- child policy Came of age in a new era The “Post-80s” vs. The “Post-90s” Children of the 1- child policy 4-2-1 generational structure
where you live, but how you live. China is one of the most economically inequitable places in the world. And in a connected world, everyone is striving for the same Stuff. Guo mei mei. “After I watch TV I have a lot of thoughts, but no way to realize them.”
than (Source: China Internet Watch) Less than 10% of urban Chinese shopped online in 2006. In two years, nearly half will Q2 web revenue = 62.2B RMB 77.5% YoY surge
between the age of 10-40 80% 80% of Chinese social network users are between the age of 20-34 18.7 average number of hours spent per day...and then there are the ᠓༑
55% Use a search engine 92% 84% Get news 76% 79% Use a social networking site 65% 50% Do online banking 61% 33% Play online games 36% 68% Send instant messages 46% 84% (Sources: China internet watch, Tech Rice, Pew)
31% of the country’s B2C market. It also provides an example of how foreign companies can screw up royally in China: In 2003, EBay held 90% of China’s online auction market. Today, almost all of that belongs to Taobao. An ugly website? To American eyes, perhaps. But most Chinese would demur. In China, the mouse click is king.
how different a market China really is. Where else would a huge e- commerce site send you a confirmation email with the cell phone number and name of the deliveryman? Or allow you to pay by cash on delivery? 360Buy.com
China's Facebook: Tencent. The two (Facebook and Tencent) may be dissimilar in outward appearance, but the core of each is closely related: the social graph.” - Keso
countries Why ޓ联᠓ ≠ the Internet HW: A clicking tour Starting-up in China Why start-up in China? (2) Discussion/Q&A PROBLEMS You should startup in China if you want to