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Think you’ve got a strategy to enter the Chinese market? Think twice

The Next Web

Yu Yongfu is the chairman and CEO of UCWeb , whose mission is to provide a better mobile Internet experience to billions of users around the world. Yu graduated from Nankai University in 1999 with a bachelor’s degree in economics. The biggest mistake most US entrepreneurs make right off the bat is in thinking of China as one market.

China 128
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Consider Emerging Markets for Your Global Expansion

Transformify

Globalization is the most significant challenge facing multinational firms today, especially in the emerging markets of Russia, Brazil, China, and Mexico. Fintech businesses have been thriving in Brazil in the last 10 years as more and more people have access to internet and cheap smartphones that give them access to mobile payment apps.

Global 95
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Entrepreneurship in the Fast Lane

Growthink Blog

Try these statistics on for size, from 1999 to today Asia’s share of the world’s Initial Public Offerings grew from 12% to 66%. 7 Companies in China have raised more than $1 billion in an IPO this year. And with their capital and confidence, China and India are stretching their wings. In the U.S. In the U.S.

Africa 104
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Service Exports - Driving U.S. Startups and Small Businesses

Growthink Blog

By way of anecdote, from the time Dave Lavinsky and I founded Growthink in 1999 through 2008, more than 95% of our firm’s clients and investors were U.S. In the last 6 months, we have advised clients and investors, in no particular order, from Kenya, India, Italy, South Africa, Germany, China, Brazil, Mexico, Switzerland, the U.A.E.,

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What if it’s 1996, not 1999?

Seeing Both Sides

But if that observation led them to refrain from investing in the Internet sector, they would have missed one of the most stunning legal creations of wealth in history. The Internet bull market continued to run for four more years after the Open Market IPO, finally ending in the spring of 2000.

IPO 48
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Money Out of Nowhere: How Internet Marketplaces Unlock Economic Wealth

abovethecrowd.com

Fortunately, the rise of the Internet, and specifically Internet marketplace models, act as accelerants to the productivity benefits of the division of labour AND comparative advantage by reducing information asymmetry and increasing the likelihood of a perfect match with regard to the exchange of goods or services.

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In a Strong Wind Even Turkeys Can Fly

Both Sides of the Table

By 1999 we had grown into the largest independent consulting firm in the world. By 1999 it seemed like everybody was growing, though. Increasingly it became difficult to tell any system integration company apart and there was a whole new breed of competitors in the market helping companies build Internet businesses.

Turkey 302