In a candid chat Shunwei VP Meng Xing, who founded his first start up while completing his MBA at MIT, talks about 3 fundamental differences between the tech startup scene in China and USA.
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China has large population segments (eg. factory workers) whose distinct needs make it possible to build unicorns that can scale in niche markets. Quick growth in US, on the other hand, can be challenging.
In US, it pays to be the first in executing a groundbreaking idea. However, in China, companies have to deal with copy-cats. Therefore, it's imperative to keep innovating and improving gaps in existing products.
While in US, professional management is easy to find, in China, access to funding make building startups a cooler opportunity for managerial candidates.
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