haha, I am a Chinese! There are indeed rare geeks to start up companies in China. Din Lei, the founder and CEO of Netease(NTES) is a geek. Ma Huateng, the found

haha, I am a Chinese! There are indeed rare geeks to start up companies in China. Din Lei, the founder and CEO of Netease(NTES) is a geek. Ma Huateng, the founder of Tencent is a geek, too. So, somehow, Netease and Tencent are the two local companies with strongest human resource in development. For decades, there is no emerging startups with solid and independent business ideas. Even some startups I know have a profound background in technology, things they do are not new. Shang Mail, a copy of Blackberry push mail have a solid tech team. Ucweb, copy of Opera mobile in China was invested by Lei Jun, someone can be compared to Paul Alan in China. There are some reasons for this. 1. New ideas have no tech or patent barriers. Due to the mess patent applying process and all the people to review applications are not professional. The quality of China patents are very low. It is hard to find valuable patent and sue someone with that. You can find all kind of patents in the database, from perpetual motion machine to how to compile linux kernel. 2. Due to No.1, new ideas can be copied by large companies. Tencent copied twitter model, Sina and Netease copied blog model. Merely startups survived in the battle field with large companies. 3. Chinese investors are conservative. That is good thing from some perspectives, they value the cash flow beyond everything else. Thus, if you don't have a persuasive revenue model, you can not raise any money. A most persuasive model is a copycat of successful service in other countries.