Earlier quoted context omitted.
What's a fishing story? I haven't heard that phrase. Anyway, yeah, it's funny how often you meet experts on Chinese business who haven't actually done business in China but can go into elaborate detail about why it's a bad idea. I met lots of Western entrepreneurs out there - there are tons of foreigners running bars, restaurants, outsourcing firms , language schools, etc without much hassle from the government. You…
"I wouldn't start a big internet company out there" We're not talking about bars and restaurants. Small internet companies in Silicon Valley all want to be big internet companies. To do that they need investment, ownership, freedom to transact contracts and appoint employees at will. You can set up a small startup in somebody's garage anywhere in the USA, but you are unlikely to scale to a billion dollar company. Few…
Yes, China's legal environment is unfriendly to building a large business as a foreigner. But no, foreigners in China can start tech businesses with "near-zero regulatory compliance requirements" - I knew 3 white guys in Chengdu who started a mobile marketing consultancy in their apartment.
China is basically anarchistic in some areas, authoritarian in others, is what I'm getting at.