1) Government policies 2) World class manufacturing and supply chain 3) Cultural emphasis on working hard and making a lot of money (not unlike US) 4) Need to fill voids left by lack of American companies 5) Lax regulatory environment 6) Most important: massive market
What attributes, strategies, tactics do you think allow Chinese startups to scale so ruthlessly fast? Like the book Blue Zones which looks at the 5 attributes shared by the cultures with the most # of happy old people, what do u think are the attributes for Chinese companies?
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1, 2, and 4 aren't specific enough. Can you explain?
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Execution without contemplating on strategy.
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I think part of it is that the culture emphasizes execution. They may not be great at creativity but they’re cut throat when it comes to things that require repetition like math. That mentality helps drive rapid scaling
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this is true, i have a friend in hongkong that scale his company from 1 to 500 less than 2 years. And their company product is actually not that kinda creative/attractive
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Steamroller mentality - do whatever it takes to move the ball forward
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Mindset? It was their goal/strategy from day1. Super-connected 1B+ customer base they're hoping to serve. You're confronted with scale in every interaction of daily life in China, it's ingrained in societal thinking & more aggressive/competitive mindset than US-based tech cos imo
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The above comment (about steamroller) combined with a focused intense work ethic
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Unmatched work ethic,execution execution execution....and yeah can't ignore the huge market
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Didn’t see risk taking mentioned, but believe it plays a big part. I have seen a bias for trying something that might work at the risk of crashing and burning vs waiting for more info.
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