The internet in China isn't that good. Transfer fees are slow, there is a lot of government censorship, and not many people can afford it. Why invest in a risky

The internet in China isn't that good. Transfer fees are slow, there is a lot of government censorship, and not many people can afford it. Why invest in a risky internet startup, then, when there is much more money to be made in manufacturing or real estate? So the financial incentive to invest in a tech startup just isn't there. It's probably also difficult for potential startups to get good engineers, as the brightest students usually go into government or work for one of the large government-sponsored corporations that dominate the economy.