Chen: The war between Chinese start-up companies and the three local giants

Silicon Valley's Facebook, Google or ebay is not the biggest competitor of the company, and his main concern is China's "BAT" trio, said Chen, an interactive CEO of Oak, who is no longer a key factor in the success of China's business today, according to the Forbes Chinese web report. Alibaba and Tencent.

Chen did not ignore the "BAT" important position, trying to surpass the opponents at the same time, he even considered to promote the Thousand oak Interactive listing. But this time, Chen is no longer so value Silicon Valley, he even publicly said, "Silicon Valley's experience and rules are no longer the key to the success of China's entrepreneurship." ”

It is clear that Chen Yi-Zhou has been aware of the potential of the entrepreneurial source of the move. In a few short years, the innovative Chinese entrepreneurs have a model to establish the characteristics of the venture model, in the direction of Silicon Valley is less dependent on. Silicon Valley's VCs have also rushed to China to invest in a group of start-ups that aspire to be listed in the mainland or Hong Kong. The oak interaction is undoubtedly being pushed to the waves by this investment in China. Renren has become China's leading social networking site while Chen is also stepping up the pace of listing, which appears to be his first choice.

The Forbes Chinese web article points out that the recent high price-to-earnings ratios of some companies listed on China's gem have made it a natural choice for Chinese companies to list domestically. China's inability to compete with Silicon Valley for high levels of competition, despite being limited by infrastructure and education, does not mean that the two are miles off – China's new patent filings have quietly leapt to the fifth place in the world. Fung Kaiwen, a consultant for GSR investment, said that China, like Silicon Valley, had a mature entrepreneurial environment, "just a matter of time and maturity".