excerpt and thoughts from San Jose Mercury News article
Internet Market in China
Cut Throat Tactics
Competitors steal each other's employees and their Intellectual Property.
They also rat out competitors for violations of regulations.
They disable each other's websites and engage in hardball tactics rarely seen in Silicon Valley.
Established Internet companies copy business plans of startups, then set out to destroy the small companies.
Quote from Hans Tung : "In China, the cost of labor is cheap, and there is no shame in copying."
Hans Tung is a partner at Shanghai-based Qiming Venture Partners, which backs Internet companies (including Kaixin001)
Quote from Jeremy Goldkorn: "The Valley culture doesnt work in East Asia." "There are no rules."
Jeremy Goldkorn is an Internet analyst who has operated a popular blog ( Danwei.org ) for years. The Chinese government started blocking Danwei.org this summer.
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