Startups in China focus mainly on copying ideas, either from abroad, or from each other; its not a very healthy market to be in. I had a friend tell me what was behind Kaifu's Innovation Works, and how it wasn't economical right now to do anything but sure bets (i.e. copies) in the current investment environment.
If you are interested in clones, then China is a fabulous place to look at how everything is copied and adapted locally since Twitter, Facebook, Youtube, and so on, aren't even allowed to operate in the country.
The CCP won't tolerate digital currencies; they even just shutdown alipay this weekend.
They need to copy the west for a while yet to become more equal then they can start thinking about innovation.
That said this is pretty far ahead of the west. I'd love to invest in directors I believe in, giving them full freedom and profiting from it if it succeeds.
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Startups in China focus mainly on copying ideas, either from abroad, or from each other; its not a very healthy market to be in. I had a friend tell me what was behind Kaifu's Innovation Works, and how it wasn't economical right now to do anything but sure bets (i.e. copies) in the current investment environment.
If you are interested in clones, then China is a fabulous place to look at how everything is copied and adapted locally since Twitter, Facebook, Youtube, and so on, aren't even allowed to operate in the country.
The CCP won't tolerate digital currencies; they even just shutdown alipay this weekend.
Yes, as a country they are still catching up.
They need to copy the west for a while yet to become more equal then they can start thinking about innovation.
That said this is pretty far ahead of the west. I'd love to invest in directors I believe in, giving them full freedom and profiting from it if it succeeds.
I've heard a BBC report on the very same issue (Alibaba crowdfunding movies) and it was said, that the big problem is the lack of creative talent.