Hong Kong internet entrepreneur in mainland China: Hong Kong Internet startup is dead

Li Yinghao, founder of the money side, founded the corporate mobile applications company in Hong Kong 3 years ago, after shutting down the Hong Kong company and creating a mobile payment company in Beijing. Recently he saw Http://www.aliyun.com/zixun/aggregation/38205.html ">talkbox@ Huangho Heatherm wrote a paper saying that Hong Kong internet has died as a former venture in Hong Kong, The Hong Kong people who are playing in Beijing now feel very much, and would like to take this opportunity to share with you the situation in Hong Kong.

Background

Hong Kong is one of the first places in the world to reach the Internet, and I used the internet for the first time in 1995, when I used the 14.4K dial-up Internet, which was made by Yahoo, excite search engine, Netscape browser and ICQ user. A generation of Hong Kong people basically witnessed ICQ to MSN to Facebook era, is the Internet depth users. Then look at the mobile Internet, Hong Kong people from the beginning of 2000, many people with palm and other PDA devices, to the later Microsoft's WM6.5 smartphone, to the 07 iphone and from behind the Android, Hong Kong is basically in the forefront of the world. Hong Kong now has a basic staff of a smart device, Internet broadband speed to 1GB, mobile internet to 4G LTE. Many mobile phone companies like to take Hong Kong as the first product pilot market because Hong Kong people have a high demand for mobile phones and have no problem with the basic markets elsewhere.

Well, seeing this, we can sum up that Hong Kong people are a good group of Internet users, but today we are not talking about how to acquire the Hong Kong market, but what is the environment for Hong Kong's internet entrepreneurship, so let's take a closer look at one by one.

Entrepreneurship can not be separated from several aspects: market, capital, products (creative), team

Look at the market first

There are 8 million people in Hong Kong, 8 million is enough for an internet company to survive, but there is little chance of a great company.

And the users here are very strange: say is not the depth of Internet users, the average per capita Internet time and mobile equipment ratio estimated globally first. But the Internet development more than 10 years, we come and go to several websites, news to see Yahoo, search with Yahoo, Google, finance to see Aastock, video watching Youtube, social use Facebook, email with Gmail, comments with dinner, discuss to discuss, uwant, shopping? (Sorry, Hong Kong people do not shop online.) )

Another woman likes the she.com, plus use WhatsApp instead of SMS. The above products, Hong Kong was founded in general more than 10 years, is the product of the COM era, others are American products. None of the Hong Kong startups have won a Hong Kong market in the last 10 years (there may be one, Hong Kong Groupon Ubuyibuy, which was later accepted by Groupon). The most troublesome thing is that Hong Kong people are so special that they can only play in Hong Kong after spending a few years at the first place in Hong Kong.

OK, cannot take the Hong Kong market is not related, Hong Kong people are not very international? To win the United States and Europe can ah! Yes, indeed there is such a deal extreme e-commerce site for foreign countries, even Shire said it is the best international e-commerce one of them, but only such a home. It is 2000 years or so the use of domestic low-cost goods and foreign e-commerce gap to do, this opportunity can not be asked.

Hong Kong people really do not understand the idea of foreigners, just used to eat hamburgers, does not mean to make the products to meet the foreigner. How do people live, eat, say, watch TV you don't know how to make a successful product? Driving every day abroad, Hong Kong people take the subway every day, foreign talk about the balance of life and work, the people of Hong Kong working overtime every day, such differences are really unlikely to make good products.

Ah, the original is so, that back to the motherland became it, China's internet market can be big, out of Baidu, Ali, Tencent and a lot of small and medium-sized Internet companies, there are always Hong Kong people's position? Well, I can only say that Hong Kong people's understanding of the domestic students may be inferior to the understanding of foreigners, at least Hong Kong people like to watch American dramas, but mainland TV dramas, This is in Hong Kong after the American drama, Taiwan Opera, Korean dramas and Japanese. You talked to him about Han-han? Who did he say? Did you tell him to be honest? What did he say? You told him 18? He only cared about the parade. God horse QQ? I'm definitely using Facebook.

What do you know about Internet companies? He told you about Tencent and Alibaba? Why? Because I bought a lot of stocks! (these 2 companies are listed in Hong Kong). In this way, the people of Hong Kong, no matter Gaofu or cock silk, are not aware of it, let alone develop products for the market.

I remember 3 years ago I want to start a business in Beijing, in front of an angel investor demo, he asked me, why do you think you understand the habits of Chinese users? I replied that I have lived here for 1 years, and I know better. He said: "I have lived here for decades, I do not know, you can say so understand?" Now think about it, I know very little about the country, not to mention the Hong Kong people who have not lived here.

Then came the Talkbox in Huangho, where I watched them do it in 2011. Greentomato is a leading provider of mobile solutions in Hong Kong and has been operating in the 2G era, The company's technical strength is good. Because they do not meet only the solution provider, hope to have their own products, so set up an internal entrepreneurial team Farm,talkbox is also a very successful example of the team, the Walkie-Talkie was the first creative in the world, but also quickly acquired millions of users, and many still from the domestic. Because there is no threshold for speaking function, see the success of the talkbox, all kinds of imitators appear, of course, the most important is the giant Tencent's micro-letter turned out, even the last chance is gone. As far as I know, the Talkbox team has 2 obvious mistakes in the domestic situation:

1. Accept the big, not Tencent investment

2. Consider that the domestic market can be bigger by a good product alone.

If the team moved to Beijing at the start of the fire, if the first focus on overseas markets to invest in Silicon Valley, if the investment of Tencent, estimated today Talkbox story is completely different.