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How Do Startups in China Get Funding?

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It is not easy for foreign entrepreneurs to startup businesses in China, especially when it comes to source funding. Apart from the traditional solutions such as bank loan, trade equity or venture capital, below   I will provide several new ways to get your startup business funded in China: 1.  Start A Crowdfunding Campaign Online Crowdfunding is an attractive alternative to traditional funding. This newest source of funding can help entrepreneurs launch their companies without much capital investment. Here people make online pledges to your startup during a campaign for proof of concept, early idea validation and even customer pre-orders. With the right crowdfunding platform and ample promotion, a crowdfunding campaign has the potential to raise quite a lot of money in a very short amount of time. 2.  Request A Government Grant These are government funds allocated to support new technologies and important causes, such as education, medicine and social needs. Whil
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Aside from the Language, What Are the Common Barriers in Starting A Business in China?

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Apart from the most obvious language barriers, the laws and regulations that startup s should follow, the financial support of startup companies   and the localization construction in China are the common barriers in   starting a business in China . First, N ot Clear to the Chinese Laws and Regulations  for Startups and IP Protection . If a startup wants to complete a lot of complicated documents and procedures in China, it is quite difficult and will take a long time . During this period, foreign startup companies may face huge losses in money and technology due to problems such as market technology plagiarism and lack of awareness of IPR  protection. Thus , if you want to launch  business in China, you must quickly find an institution  that  can help to solve the problems of China’s rule and  law  for startups as well as the intellectual property protection, to help your compan y   set up  business in China. Second, the Lack of F unding . Starting a business is
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A New Way to Start a Business in China

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In terms of business opportunities, China stays one of the strategic development destinations for many foreign companies. In spite of the stable economic growth and vast potential market, a lot of potential investors consider China a huge opportunity in company with distinct uncertainty and challenges. Statistics through the last few years revealed that international companies still had strong intention to start business in China . Yet many of them have been hindered by issues such as what type of entity to register, how to file the registration to the designated authority, what documents should be arranged, what certificates should be applied for your specific type of business, which should be carefully considered and well planned beforehand. The best way to eliminate such uncertainty and challenges is to study and understand, either on your own or with professional support. Hence prior to entering the China market, it is often advisable to find a reliable local partner to help
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Market Size Of Industrial Robot In China

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China has the largest industrial robot market in the world since 2013, and its share continues to expand. The demand for replacing manpower with robots is increasing and will be to grow rapidly. According to the report of International Robotics Association, in 2017 to 2020, the annual average sales volume of robots in China will be 148,000 units, with a compounded annual growth rate of 21%. The global market share of Chinese robot is expected to rise from 27% in 2015 to 39% in 2019. It will be a good chance for foreign startups to start business in China . Sales of Industrial Robots in China Sales Proportion of Industrial Robit in China in 2019 According to the statistic from GGII, the automobile industry is the most widely used industry of industrial robot in 2016, accounting for 38%. Followed by 3C, metal manufacturing, plastic and chemical products, food and tobacco and beverages, accounting for 21%, 15%, 8% and 1% respectively. Domestic Brand Market Share Downstrea
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Key Factors for Foreign Tech Startups Successfully Start Business in China

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Within China, rising incomes, increased consumer spending and an increasingly open business environment have all helped to make the Chinese market increasingly attractive to foreign tech startups. Similarly, declining sales in their home markets has forced many US and European companies to relocate China to the center of their long-term global growth strategies. But starting a business in China is not an easy job, and in my view, there are several key factors for foreign tech startups to successfully start business in China. Understand Chinese Customers WTOIP do research on foreign tech startups, and also mentor in the IPIEC Global in Guangzhou to help foreign entrepreneurs to start business in China. We believe that the first key obstacle for them is to understand Chinese customers, to understand what the customers really want. However, understanding customers’ needs is getting harder, not easier. Nowadays you have to look beyond your core business and understand your customer
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Complete Guide to Perform Competitive Analysis When You Start Business in China

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There is no doubt that you have to spend time on competitor analysis if you care about your business. Doing this, you may realize many things that you didn’t realize before about the market in which you are entering. The China market is favorable in terms of its great opportunities and fierce competitions. If you’re going to start business in China , then you need to analyze your future competitors all the more in order to know how do they do their business and what they are focusing on. What is Competitive Analysis A competitive analysis is a research made in order to better understand the competitive landscape and estimate opportunities, weaknesses, threats and strengthens of competing industry players, to optimize future business activities and utilization, such as marketing, product, sales or alike. The trick of competitive analysis is to find the tactics and methods that are used by your competitors. Why Competitive Analysis Always Matters Competitive Analysis is quite i
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5 Common Challenges for Foreign Startups to Start Business in China

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It's a dream for nearly any foreign startups to enter China market. The country's massive population of more than 1.3 billion, of which 730 million are currently connected online, is attractive to almost any enterprise looking to expand and scale. But, China is a unique market that the way it worked in another country may not work here. So it makes it hard foreign startups to start business in China as they must redesign a solution that’s localized for its own demographic. And below are some common challenges foreign startups may face when starting business in China. Not Understanding the Market as Locals Product and market strategy often depends on intuition about the way users or clients will react or behave, but foreigners don't have such intuition, even if they can speak the language. Staying in touch with the market is becoming increasingly important, and they are getting out of touch by being abroad. So foreign startups have a competitive disadvantage whe
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