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The article points lots of the realism of startup in China. However most importantly "Guanxi" is the key if you want to have startup in China. "Guanxi" means 'r
by airswimmer 10y ago
The article points lots of the realism of startup in China. However most importantly "Guanxi" is the key if you want to have startup in China. "Guanxi" means 'relationship' generally.
And as the author stats the key is "The dark arts of guanxi". Ordinary people who don't have this relationship with governors, authorities can not have licence to run startups in China. Licences usually cost and are in short. If you use your "Guanxi" to gain license, you are hurting others who are born poor. Think about it if you have conscience.