Starting Up in China: Lessons for Entrepreneurs

Calvin discusses differences between the business environments in the US and China as they relate to tech startups. He argues that even though Qifang had a long development period compared to a similar venture in the US, this delay allowed him and his partners an opportunity to learn more about the community and the customers they would be serving before launch. This extended “learning period” also uncovered advantages such as a flexible regulatory environment when it comes to social entrepreneurship in China.