Re:What The Chinese Tech Industry Is Like
by seanmcdirmid on Sunday January 12, 2014 @08:01PM
(#7048230)
You assume the Chinese market is free, which it is not. The barriers are high, and the government just doesn't want you getting in on the business.
The last 30 years of Chinese economic growth (fuelled by foreign investment) disagrees with you.
Re:What The Chinese Tech Industry Is Like
by seanmcdirmid on Sunday January 12, 2014 @09:46PM
(#7048591)
The Chinese are totally ok with taking our foreign money (or HK, Taiwan), they just don't want us to get rich off of it (at least very easily). The economy is still very protectionist and you have to be very careful when investing here; many industries are just completely off limits and even those that are left open are often hobbled by protectionist ownership rules (e.g. 51% must be owned by a well connected Chinese company).
Despite all of that they are doing business in China. Serious dollars are being made and value being delivered to millions of users. We should want in on that or to at least have some understanding of how its being done in comparison to US/EU.