WTOIP Global - Help Foreign Tech Startups Launch Business in China

Foreign entrepreneurs are full of great ideas and powerful ways to implement them, but in China, starting a new business is always not easy. One of the most frequent questions to entrepreneurs is "How do I find the money to start my business in China?" I’m not going to explain much about the traditional solutions such as bank loan, trade equity or venture capital. Here I’d like to focus on 4 newest ways that getting popular in China these days: 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. Request a ...

In the process of looking for investors, how to choose and how to contact with them it is extremely important. For starters who know little or have no idea about fundraising, who and which approach for them to look for investors to start business in China ? In general, the channels to reach investors are mainly in the following 3 ways. Recommended by Friends No matter in what time, friend recommendations seem to be a fast and efficient way to reach high quality investors. For investors, they are more willing to invest in projects that are recommended by friends, because personal factors such as trust and relationship come into play,but whether they are suitable for each other still depends on the specific circumstances of both the startups and the investors. Relatively speaking, this is the fastest channel, but in fact, it is very hard for foreign startups to have such a network of resources in China, and the matching rate is not high. Media Exposure and Entrepre...

Nowadays many foreign startups have realized the huge market in China and are trying to enter, however, we must also clearly know that the majority of starups even giants like Google and Facebook failed to enter the China market. Therefore, before the tide of entrepreneurship in China, foreign startups should make rational analysis and conduct preliminary research before starting business in China . To help make success a reality, here are 3 important tips for foreign businesses breaking into the China market. Be Data-driven Many entrepreneurs will fall into a mistake, believing that a product does well in the domestic market will be successful in the Chinese market too, but this judgment is often based on a lot of assumption about the market, consumers and competitors. We can see after some brand new products or technologies enter the Chinese market, they will be quickly killed or copied by competitors, and die soon. Therefore, foreign entrepreneurs must conduct a compreh...

As the world's fastest-growing major economy, China maintains about 7% of economy growth each year, and offers many opportunities to foreign startups. It continues to attract many foreign startups to come to China for business and investment. However, opportunities comes with challenge. To start business in China means you have to deal with its historical, political and cultural complexity. In this article, we will point out a few foreign entrepreneurs need to pay attention to before they enter the China market. Understanding Local Culture The entrepreneur first needs to be sensitive to China's culture and how it affects business. One important concept to master is “Face”. Face represents a person’s reputation and feelings of prestige within the workplace, family, friends, and society. For example, it is quite natural for foreigners to point out someone’s mistakes at the meeting, make alternative suggestions, or directly reject other's demands, but in China it...

Starting your own business is not an easy job, for foreign startups, to start a business in China are much more difficult. In order to maximize the success rate of entrepreneurship, what are the factors that successful startups have to do? Here are some basic things need to start business in China . Distribution Channel The role of sales channels for startups is very important. Even if you have a good product, if there is no suitable sales channel, not only nobody knows your product, but more importantly, you can not make a profit. If you can’t generate revenue, it will be hard to attract employees and investors, therefore making growth nearly impossible. For startups abroad to start their own business in China, a less risky approach is to look for local partners such as WTOIP Global . By utilizing their industry and connection resources, you can rapidly enter your target markets. Capital and Funding In the early stages of your business, entrepreneurs should prep...

China’s economy is the world’s second largest and fastest growing economy. Nowadays starting business in China is a dream for nearly any international startups. For foreign tech startups, they have their own advantages such as advanced technologies and innovations, talent and foreign background, if they can utilize their advantages in China, they will be competitive enough to survive and develop under the fierce competition. Below are three technology opportunities in China which has attracted increasing attentions these years. Artificial Intelligence China has been investing heavily in artificial intelligence, and now even surpasses the US by some measures. For instance, the number of AI-related patent submissions by Chinese researchers has increased by nearly 200 percent in recent years. China also has some big advantages in AI. With a huge amount of internet citizens, we see different consumer behaviors every day, which is a lot slower in the US. So is has a huge exper...