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12,000 startups are being created every day in China [video]

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Re: 12,000 startups are being created every day in China [video]

#21

Post by gentro »

dvcc wrote: post #2

So I had some doubts about the numbers at first, but a rough quick calculation 12,000 / (1.3 billion (people) * .5 (age 25-54)) ≈ 0.002% of the available population a day creating a startup (1 in every 50,000) which does not seem too far-fetched, but still seems a bit high to be honest.

The documentary is about fintech innovation driving funds to SMEs. Their examples are a kiwi producer, a fish farm, and and a steel welding company. What they probably mean is that 12,000 businesses are started in China every day, not necessarily all tech related.

Re: 12,000 startups are being created every day in China [video]

#22

Post by kitschshrine »

candiodari wrote: post #18
kitschshrine wrote: post #13

Earlier quoted context omitted.

Why would any foreigner want to start a company in a country that - requires you to give up 50% to a local partner - blocks internet access to foreign websites (thus foreign customers) - can take away your business/assets/customers without trials - treats foreigners as a mere entity to steal technology and clients from?

> - requires you to give up 50% to a local partner Chinese people. Don't worry, there's plenty. And they do not have subpar education, nor do they have less intellectual capacity (hell, most studies seem to conclude they have -just a little- more, on average). > - blocks internet access to foreign websites (thus foreign customers) I think you'll find that inbound commerce (or outbound commerce) is not all that restri…

> And they do not have subpar education

you seem to be wanting to argue about something which I did not even bring up. internet is not a place you start arguing with yourself.

> it's not more restricted than in the west

Yeah....you keep telling yourself that. I don't think you've actually been to China where foreigners struggles to hit youtube/facebook/google using a variety of VPN tools every day

I think I'll stop...there's too much cognitive dissonance here

Re: 12,000 startups are being created every day in China [video]

#23

Post by kitschshrine »

matz1 wrote: post #19
kitschshrine wrote: post #13

Earlier quoted context omitted.

Why would any foreigner want to start a company in a country that - requires you to give up 50% to a local partner - blocks internet access to foreign websites (thus foreign customers) - can take away your business/assets/customers without trials - treats foreigners as a mere entity to steal technology and clients from?

Its high risk but the potential return is also great.

China's economy is crashing. no free lunch anymore. just look at their reserve and debt ratio

Re: 12,000 startups are being created every day in China [video]

#24

Post by ericjang »

Fascinating documentary, thanks for sharing! If I understand the business model correctly, isn't the 融道网 (Roadoor.com) 9.00% guaranteed principal + interest mentioned in the documentary considered a Ponzi scheme in the US? How much of the return on capital is from RoI from investment into companies (exits, dividends, organic growth) vs. just increased AuM from (老百姓) investors?

Edit: just realized that businesses requesting loans to 融道网 are screened prior to being made available to public investors, so the deal flow appears to be capped by available business opportunities.

Re: 12,000 startups are being created every day in China [video]

#27

Post by matz1 »

kitschshrine wrote: post #5

And yet just today... "China’s sprawling Internet censorship regime is harming the country’s economic and scientific progress, a senior official has said in a rare public rebuke of long-standing Chinese Communist Party (CCP) policy." http://www.taipeitimes.com/News/front/archives/2017/03/05/20... So they're creating alot of startups that probably are just copycats of what's existing. Not surprising considering China…

Also not surprising that one of the most effective way to good at something is to imitate how the expert do it.

Re: 12,000 startups are being created every day in China [video]

#28

Post by whelp »

matz1 wrote: post #19
kitschshrine wrote: post #13

Earlier quoted context omitted.

Why would any foreigner want to start a company in a country that - requires you to give up 50% to a local partner - blocks internet access to foreign websites (thus foreign customers) - can take away your business/assets/customers without trials - treats foreigners as a mere entity to steal technology and clients from?

Its high risk but the potential return is also great.

Look at that guy's comment history. Don't waste your time! Most likely just another Farlonggone practitioner who has its brain organ harvested.

Re: 12,000 startups are being created every day in China [video]

#29

Post by whelp »

lacampbell wrote: post #16
kitschshrine wrote: post #13

Earlier quoted context omitted.

Why would any foreigner want to start a company in a country that - requires you to give up 50% to a local partner - blocks internet access to foreign websites (thus foreign customers) - can take away your business/assets/customers without trials - treats foreigners as a mere entity to steal technology and clients from?

100% agreed. I would never try and start a business in such a poisonous environment.

Starting a business needs you to be able to focus on a single topic more than weeks at a time. Not everyone is cut out for entrepreneurship.

Re: 12,000 startups are being created every day in China [video]

#30

Post by kirashogun »

kitschshrine wrote: post #9
da02 wrote: post #7

Earlier quoted context omitted.

It's most likely a jumping off point. One way to learn painting in the past was to copy paintings made by masters. So as the economy develops and more people can afford to take risks, innovations should be more common (unless govt intervention prevents it). Japan was viewed upon as a land of where cheap imitations were made.

They've been saying that since the Chinese economy opened up in the 80s, really opened up in the 90s, really really opened up in the 2000s. so far, nothing in 35 years. Japan had so much innovations in way less time. meanwhile China's economy is crashing down, and no more free FDI to fuel any further progress

Maybe it's because Japan has been doing it since Meiji restoration which you might want note happened a tad earlier than post war.

Looks like someone is still stuck on the first stage, denial. Please stay there since it has no relevance to reality.

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