41–50 of 81 posts
I was walking around my home town recently. It's more than doubled since I left in 2002. Most of the new housing was built as new, dense (10-20 stories) suburbs. Th urban architecture is not bad. Decent green spaces, so that buildings open into "garden paths" rather than streets. You can get between places using green pedestrian walkways. Conveniently located schools & creches. Most of the parking is underground. The…
Earlier quoted context omitted.
One of the reasons US-based startups grow so quickly is that the ones with traction here tap into a (relatively) homogeneous 300+ million market. A Chinese company with similar market share potential has tapped into about 4X that market. Growth rate is much faster in such a market, as opposed to global growth that has to deal with diverse sources of friction (e.g. Uber's challenges in London, Paris, etc. vs in the US…
I'm curious about how much of the considerable Chinese population is actually available to market tech products to. Something tells me comparing the populations straight up is misleading.
It is true that the development in China is very unbalanced, and habits of different groups of people varies a lot. There are also abundant number of tech products targeting each group of people. For example, Taobao has been very popular in large cities for many years, you'd think they've saturated online shopping market. A new startup Pinduoduo launched in 2015, targeting online shopping market in smaller cities and countrysides, managed to acquire hundreds of millions of users there, and they just filed for IPO a few days ago.
Earlier quoted context omitted.
I'm curious about how much of the considerable Chinese population is actually available to market tech products to. Something tells me comparing the populations straight up is misleading.
> Something tells me comparing the populations straight up is misleading. Totally agree: once chosen by the Communist Party, a company is likely to enjoy state-sanctioned monopoly status. Not only will they have access to the entire population, the population may have no access to any other service provider in the same sector.
Many thanks to the lopsided high skilled immigration rules, combined with China focused VCs, a lot of reverse brain drain to China has lead to this. Imagine if every Masters or a PhD grad was given a green card. US would still have been a leader in tech (at least wrt VC spending metric)
I would suggest you go with different metric of merit.
You, as a foreigner, are essentially tasked to upload your expertise and knowledge to a centralized communist power structure that will redestribute the wealth amongst the Chinese population. They don't have the hot clean air spots like Western Europe and North America offers to the elite. I guess ideology is a heavy price to pay.
How about the fact that any number coming out of China can easily be manipulated?
Many thanks to the lopsided high skilled immigration rules, combined with China focused VCs, a lot of reverse brain drain to China has lead to this. Imagine if every Masters or a PhD grad was given a green card. US would still have been a leader in tech (at least wrt VC spending metric)
> Imagine if every Masters or a PhD grad was given a green card Yeah, a huge brain drain would result, to the detriment of other countries and the benefit of US.
Many thanks to the lopsided high skilled immigration rules, combined with China focused VCs, a lot of reverse brain drain to China has lead to this. Imagine if every Masters or a PhD grad was given a green card. US would still have been a leader in tech (at least wrt VC spending metric)
Most people want to live in their own country , with their family, their friends and their language.
Chinese people have elders to care. In China family is sacred to a level individualistic US can not understand.
Many thanks to the lopsided high skilled immigration rules, combined with China focused VCs, a lot of reverse brain drain to China has lead to this. Imagine if every Masters or a PhD grad was given a green card. US would still have been a leader in tech (at least wrt VC spending metric)
In my country, most of Masters and PhD holders are really REALLY incompetent. I would suggest you go with different metric of merit.
Many thanks to the lopsided high skilled immigration rules, combined with China focused VCs, a lot of reverse brain drain to China has lead to this. Imagine if every Masters or a PhD grad was given a green card. US would still have been a leader in tech (at least wrt VC spending metric)
What is a green card worth without a job? I had a green card but could not get a job in the US. Cheers from China. They actually DO need people here.