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Is China the New Silicon Valley?
Posted By Sonya Donaldson On August 22, 2011 @ 12:25 pm In Business Software,Innovation,Internet and Online Business | No Comments
Although major U.S. companies such as Google and Yahoo might have failed in China, for entrepreneurs, China is the new Silicon Valley says TD Daily’s Lara Farrar. A host of international start-ups, including American ones, are finding the climate conducive to their needs: cheap labor, fast developers, and the ability to stretch seed funding farther than in the U.S.
One main reason entrepreneurs may find the climate right, however, is that their focus is not on competing with Chinese companies for market share in China. Rather, they are content with a small portion of the Chinese market, testing their products there for launch in the developing world.
These emerging markets could eventually spell success for start-ups that launch from China.
Read more at TG Daily .
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URL to article: http://technology.inc.com/2011/08/22/is-china-the-new-silicon-valley/
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 TG Daily: http://www.tgdaily.com/business-and-law-features/57969-why-china-is-the-new-silicon-valley
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