Innovation Workshop CEO Kai-fu Lee: China is particularly suitable for it business

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Innovation Workshop CEO Lee Kai-Fu

Innovation Factory CEO Kai-Fu Lee in the Weibo recently gave 7 reasons, pointing out that China is particularly suitable for it business. He believes that the gap between Chinese and foreign it technology is small, and China's market is huge, there is a relatively fair, less unspoken rules of the entrepreneurial environment. In addition, with less involvement in capital, VC/PE system is relatively complete, China's entrepreneurial and engineering talent and low cost, are regarded as the advantages of China's internet industry, and investment in the Internet in line with the government "Twelve-Five" planning, there are guiding funds and talent introduction and other policy support.

Lee also said that in a period of economic slowdown, the Internet will be more used, so "regardless of economic growth, mobility, social, E-commerce is an inevitable trend, but also provide good growth and investment opportunities." Lee said.

Business Newspaper Reviews: There is another reason: China's IT industry in particular needs of independent innovation.