1. They work harder. The standard schedule of a Chinese tech employee is what they call “9-9-6”; 9 AM to 9 PM, 6 days a week If you even joked about requiring 9-9-6 in Silicon Valley you would have people running for the exitshttps://www.wsj.com/articles/long-days-a-staple-at-chinese-tech-firms-1487787775 …
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2. Regulation is not an issue In the US one of the most likely killers of revolutionary tech startups is regulation. In China the government is often a first investor, first customer, and is the entity that pushes companies forward as much as anything else
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3. They take a hyper-analytical viewpoint and don’t worry about copying When I was in Beijing we met with the Chinese Airbnb. When they noticed that Airbnb was working they hired 100 people and cranked out feature parity in a few months, and were unashamed of that
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4. They have a much, much greater supply of STEM workers China has 4x the population but 10x the tech employees. Ordinary software engineers get paid living salaries but not what they get paid in the US.
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5. There’s a lot of capital with nowhere else to go This is true in the US as well, but in China you not only have practically zero interest but a law that makes it difficult to get money out. Every VC backed company has an investment arm, and multiples are *higher* in China
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6. They have incredible ecosystems to build into I’ve never seen anything like WeChat. You use it for literally everything, from paying bills to connecting with friends. QR codes are everywhere and actually used, and people expect it
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7. They don’t fear hardware (or atoms generally) Companies were baffled that SV has such a hard time with hardware. It’s no more difficult in their eyes to ship atoms than bits.
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Put all those things together with good ol’ regulatory uncertainty, and it’s difficult to imagine any US company winning a Chinese market. Then you remember that the market is bigger there and growing, and it will likely always be the case that their tech scene is bigger
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I don’t understand your fascination with China. You don’t compete with a Chinese tech company. It’s a rigged game. They will steal your IP. Coopt your tech. And leave you with nothing. Led by an autocrat who wants to be a world leader we should be very skeptical of China.
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I lived in China
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Having lived there you’d ask a entrepreneur to operate a startup behind their asinine firewall, the up theft, the corrupt state, I could go on... it seems disingenuous to only see the free access to capital. Educate them on your platform. But setup a business there — never.
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wtf are you talking about?
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Doing business or starting one in China.
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996 is so 2015. Have your heard of 007?

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If anyone wants to know how Chinese people think about this thread, you can use Google Translate to read comments from Weibo (tldr: very negative about 996): https://weibo.com/5242649983/Gm2pU787T?type=repost#_rnd1529371202408 …
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China is a little scary to me. If you have an intelligent dictator at this highly leveraged time in history, do you win? Definitely seems unsustainable long-term but we live in such an inflection point.
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It will be very exciting to be a consumer once the copycat companies are saturated and all of the 9-9-6ers are pushing tech forward. We'll know because they'll be asking for more strict IP protection.
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BAT are the main drive of the bloated valuations, not saying that's not the case in the Silicone Valley, but bring many questions when the profitablility is very much in doubt, e.g. ofo.
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Idk if that’s true statement its really “How China is doing labor differently from Silicon Valley”
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