Zhou Hongyi is founder of Qihoo 360, which is an anti-virus software company.
He says that "The Internet in China is currently a Jungle."
He used to head Yahoo China's operations but later fell out with Yahoo.
Sunday, November 14, 2010
Business - China
Quote from Richard Lim, who is managing director of GSR Ventures (with extensive experience in Asia) says:
The "nature of competition is a little bit different" in China.
GSR Ventures is a backer of Lashou.com
The "nature of competition is a little bit different" in China.
GSR Ventures is a backer of Lashou.com
Business - Competition
Silicon Valley is also a pretty tough place to do business, where corporate giants cooperate with other companies while simultaneously trying eviscerate them.
Innovation
In Silicon Valley, giants like Google and Cisco regularly acquire startups with fresh ideas and technology, which in turn encourages other entrepreneurs to create new companies.
Business - China - Venture Capital
Hans Tung is a partner at Shanghai-based Qiming Venture Partners, which backs Internet companies (including Kaixin001)
Business - Internet - China (continued ......3)
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.
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.
G20 2010 Seoul - President Obama and Chinese Reporter
http://www.tudou.com/programs/view/juR6N3NDfa8/
President Obama - G20 Closing Speech Seoul Part1 of 3
http://www.tudou.com/programs/view/LkwNIwo56Mc/
Business - Internet - Groupon-type site
a deal-a-day Groupon-type sites
"Lashou.com", a Groupon-type deal-of-the-day site -> founder started this company after returning to China from Silicon Valley in 2000
"Lashou.com", a Groupon-type deal-of-the-day site -> founder started this company after returning to China from Silicon Valley in 2000
Business - Internet - China ( continued .... 2 )
( continuing previous post on Internet business and state of the Internet market in China )
Quote: "It's like a gladatorial no-holds-barred fight to the death." .... Dan Brody, Google's first employee who now runs an Internet investment company in Beijing.
a deal-a-day Groupon-type site.
Some Silicon Valley Internet companies, such as Twitter and Facebook, are blocked by China's Great Firewall.
In China, government censorship rules. Some people suspect some of the Chinese government's behind the scenes moves are aimed at helping local companies edge out foreign ones.
But it is generally agreed that it would be wrong to blame the failures of Silicon Valley companies in the Chinese Internet market just on government interference. The intense, ruthless, and sometimes unethical competition in China, and the speed at which companies are started and change, creates a business environment that Western businesses, up to now, have not been prepared for.
It took Bo Wu, founder of Lashou.com, a Groupon-type deal-of-the-day site, five years to learn how to do business in China after returning from Silicon Valley in 2000.
Quote: "It's like a gladatorial no-holds-barred fight to the death." .... Dan Brody, Google's first employee who now runs an Internet investment company in Beijing.
a deal-a-day Groupon-type site.
Some Silicon Valley Internet companies, such as Twitter and Facebook, are blocked by China's Great Firewall.
In China, government censorship rules. Some people suspect some of the Chinese government's behind the scenes moves are aimed at helping local companies edge out foreign ones.
But it is generally agreed that it would be wrong to blame the failures of Silicon Valley companies in the Chinese Internet market just on government interference. The intense, ruthless, and sometimes unethical competition in China, and the speed at which companies are started and change, creates a business environment that Western businesses, up to now, have not been prepared for.
It took Bo Wu, founder of Lashou.com, a Groupon-type deal-of-the-day site, five years to learn how to do business in China after returning from Silicon Valley in 2000.
Business - Internet - China
On November 5, 2010 , the San Jose Mercury News ran an article titled "Web Wars in China", below are some excerpts and thoughts
Competition is robust, fast, and unethical. -> survival of the fittest!
Silicon Valley companies have long eyed the massive internet market in China -> 430 million users
BingHao Cheng launched a social networking site two years ago, he named it Kaixin, or Happiness.
But he didnt have the money to spare to buy the domain name Kaixin, so he used kaixin001, which was not already owned ny someone else. After his company gained popularity, a rival swooped in and bought the domain name Kaixin, and redirected users of Kaixin001 to its site.
Thomas Chu, chief strategy officer at Kaixin001 says: "It's like a knife fight here."
Facebook co-founder Mark Zukerburg, who has talked about setting up operations in China, is studying Mandarin.
Another quote: Zhou Hongyi from Qihoo 360 (anti-virus software firm) says "The Internet in China is like a jungle."
Another quote: Si Shen, CEO of gaming platform PapayaMobile, says a major problem in China is the inability to trust new employees, who "could be spies for other companies."
Competition is robust, fast, and unethical. -> survival of the fittest!
Silicon Valley companies have long eyed the massive internet market in China -> 430 million users
BingHao Cheng launched a social networking site two years ago, he named it Kaixin, or Happiness.
But he didnt have the money to spare to buy the domain name Kaixin, so he used kaixin001, which was not already owned ny someone else. After his company gained popularity, a rival swooped in and bought the domain name Kaixin, and redirected users of Kaixin001 to its site.
Thomas Chu, chief strategy officer at Kaixin001 says: "It's like a knife fight here."
Facebook co-founder Mark Zukerburg, who has talked about setting up operations in China, is studying Mandarin.
Another quote: Zhou Hongyi from Qihoo 360 (anti-virus software firm) says "The Internet in China is like a jungle."
Another quote: Si Shen, CEO of gaming platform PapayaMobile, says a major problem in China is the inability to trust new employees, who "could be spies for other companies."
Subscribe to:
Posts (Atom)