I have consulted to a company for several years who negotiated with many Chinese companies in similar areas to your company. There are no guaranteed successful

I have consulted to a company for several years who negotiated with many Chinese companies in similar areas to your company. There are no guaranteed successful approaches, just look at the experiences of others, e.g. Uber. You need a substantial shareholder who is also a Chinese expat with strong connections with Chinese companies to do the market development. The Chinese market is very different to that of USA, UK and Europe. The culture, the business norms, the drawn out negotiations, the consensual management style, the ever-present overhang of political connections, the high risk of fly-by-nights, etc will all catch you out. It might be a huge tempting market, but it comes at a cost that could easily bring down an under-resourced, under-prepared company.