An Interest In:
Web News this Week
- April 18, 2024
- April 17, 2024
- April 16, 2024
- April 15, 2024
- April 14, 2024
- April 13, 2024
- April 12, 2024
Why Chinese startups are copycats
Copycat. It's a word that has almost become synonymous with China's tech scene over the past decade. And while the days of China's most blatant copying — remember when Renren was called Xiaonei and it looked exactly like Facebook? — are long gone, the so-called "Copy to China" model is still pretty prevalent in the country's startup scene. And of course, plenty of Chinese internet companies are also engaged in copying each other!
So what gives? Why do so many Chinese internet companies copy? It's all about risk aversion.
It's not who does it first, but who does it best
This is true in almost every tech market but it might be even more true in China: winning the race to execute some new idea first often gets you nothing. In China's highly-crowded tech startup scene, being first is rarely a significant competitive advantage. If another company working on the same idea launches a few months later with better execution, they're often going to win out. Read more...
More about Startup, China, Internet, Copy, and StartupsOriginal Link: http://feeds.mashable.com/~r/mashable/tech/~3/ySO70Rnw6-g/
Mashable
Mashable is the top source for news in social and digital media, technology and web culture.More About this Source Visit Mashable