Quote of the week
February 1, 2016 Category Quote of the week, Weekly
“The biggest challenge for overseas companies in China is not the Chinese government, regulations or laws. When you’re a company coming into China from the United States, Europe or Southeast Asia, you’re entering a completely different market. Think about it like this – when you learn how to do something, you might spend 10,000 hours and become an expert. You develop a gut instinct. But once you go into a market that’s different, like China, your gut instincts are wrong.”
William Bao Bean, Partner at Shanghai venture capital firm SOSV, quoted on the South China Morning Post website, January 30, 2016.
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