Foreign investors in the eyes of China's business boom

This is an article published by foreign media frogdesign on China's tide of entrepreneurship.

One morning in Shanghai, Kevin Cang did not have time to appreciate this bright autumn. The 27-year-old businessman, like most of his life, is caught in the tide of the early peak.

He quickly entered the city's most crowded Line 1 subway station, crosstalked the platform for free Metro News crowd, took out the phone to start a day's work.

The train started slowly, using My Life Organized, a program that organizes his day's trips, a small application that can help him complete the tasks of all his personal assistants. In contrast to this, Cang stared at his task list, brows wrinkled, and realized that he would be contacted seven times in the next eight hours Customer and complete a transaction.

Overcrowded compartment merman bird quiet. Arrived, he hides the phone, take the train, but also melted back to Shanghai noisy noisy terraced ricefield terraces.

Cang graduated from a China top university four years ago and spent three months at PricewaterhouseCoopers, one of the world's top four accounting firms. After a paper resignation, he founded Looker with several peers, a career Training and consulting services company.

He has had a great deal of experience over the past three years: Investors who once received angel investors (the rich who invest their money in a start-up) have struggled with their subsequent exit partners and have improved their products The specifications, but also had big fish eat fish merger and reorganization. He is already a partner today with the founder of the merged company and the two are the only full-time employees in the company with annual revenue of 1 million yuan.

Since the reform and opening up in the 1980s, too many young and promising people in the land of China have realized that the large multinational corporations have been greatly reduced in size and have realized that the old iron rice bowl no longer exists. The 2008 financial tsunami made this reality even more cruel.

As more and more college graduates ask, "Why do we work day and night hard for what is a non-existent work? Since we can only fight back, why do not we need to be in control of the precious and limited youth? Things, to spell out a piece of their own life-long benefits of the sky? "Good idea! Finally, more and more people realize that the time to start a business.

To ease pressure on employment across the country, the Chinese government has begun to provide more and more entrepreneurial opportunities to about 6 million college graduates who graduate each year. In 2005, the Shanghai municipal government set up a special foundation sponsored by local university students. Four years later, in early 2009, the central government issued a preferential policy that allows college graduates to register for the formation of a company with zero down payment. Registered funds can be paid within two years from the date of establishment of the company. Excited young people excited, eager to try to seize this golden opportunity.

Last year, a total of 1,075 university graduates in Hangzhou set up their own companies, including 81 zero down payment registered companies, and first-generation grassroots entrepreneurs embarked on their quest for success.

Funding game

Some Chinese entrepreneurs are more willing to use their own investment capital to manage their business. "This is a money game," Cang explains. "Investors are holding the money, but the real business is done by our entrepreneurs. If the co-operation is tacitly agreed, the business will naturally flourish. On the contrary, the contradictions will come to nothing."

After the company was founded, Cang had had some unpleasant experiences with some of the early investors who had made up his mind to eventually buy back all the shares of the company. "We've got a guaranteed point, and the business model I've built over the past two years is enough to make sure we're healthy and steady, and I do not need or want an investor at this time."

In addition to university graduates, another group also emerges in the community - "rich second generation", these young people in their early twenties are not rich or expensive. Their strong economic power often makes them less likely to look for investors or weigh the pros and cons, more often than not.

Money is clearly not the only factor that entrepreneurs need. Customers, partners and connections can take a company to a new level and gain greater competitive advantage. In China, most people rely on contacts to find help. That is why some entrepreneurs said they have to wait until their own time to go their own ways, because at this time he has accumulated enough contacts and experience. In contrast, young people prefer to risk themselves.

In addition to contacts, entrepreneurs also need exposure. The mass media has become a magic weapon for attracting policy makers and a large audience. Inspired by the reality show "Apprentice," many television stations in China have also provided entrepreneurs with a wide variety of stages to showcase themselves. The first and foremost is the column "Creation and Winners" founded by Shanghai Oriental Satellite TV. More than a dozen entrants must win the round of business challenges through layers of checkpoints in order to win one million Grand Prix. Although some people criticized the show as not real enough, similar programs soon thrived.

Young entrepreneurs are starting to use these programs to communicate their ideas to the public. For example, the program "Winning in China" initiated by CCTV has been greatly rewarded by enterprises and audiences as each participant can personally listen to the suggestions of business leaders and can present their own project plans in front of these heavyweight judges These referees include Alibaba, the world's largest B2B portal, and Jack Ma, CEO of Taobao.

In the meantime, Kai-fu Lee, an art veteran who turned Google's obscure English word into a Google-familiar brand, unexpectedly announced in September 2009 that he would leave Google China and start his own company, Innovative Workshop . According to the official website, the company is a "full-scale startup platform aimed at nurturing innovative talents and a new generation of high-tech enterprises," not a venture capital firm. However, Innovation Works is backed by a $ 100 million investment from an elite group of investors, including Chen Shijun, co-founder of Legend Holdings and Youtube. Dr. Lee's decision and timing have fueled the fire of entrepreneurship on the land of China.