William Bao Bean |
Pymnts:
A foreign investment law passed in March by Beijing leveled the competitive turf, although roughly 50 percent of the 20 priciest “new economy” startup busts in the past 20 years happened in 2019. Startups are expected to lose money initially, but competition and knock-offs in China often trigger aggressive spending to gain market share.
Customer acquisition expenses in the country are among the highest in the world. William Bao Bean, a partner at SOSV Investments in Shanghai, calculated that app downloads cost an estimated $10 to $100 each.More in Pymnts.
William Bao Bean is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form.
Are you looking for more strategic experts at the China Speakers Bureau? Do check out this list.
1 comment:
China is a startup Nation and the next Sillicon Valley. In the midst of shifting economic trends, China has proven it remains a great innovator . Why China should be the next market for startup or scaleup Business.
Post a Comment