IT WAS THE BEST OF TIMES, for entrepreneurial spirit to be spread over China, with Beijing, Shanghai, Hangzhou, Guangzhou, Shenzhen along with many other cities seeing bootstrap startups springing up. New terms are surprisingly effectively created to remove blockages and barriers and to foster companies in infancy. VC money is on table to be capitalized on for those with BPs or even merely ideas. Incubating programs like Innovation Works (Beijing), China Accelerator (Dalian) and Tisiwi (Hangzhou) are touting the young generation to start their own causes in a way that Y!Combinator, 500 Startups and TechStars work in the States. Cafes that couldn’t care less about coffees are proliferating in Beijing, Shanghai, Hangzhou and Shenzhen. Market size are growing as China Internet users has reached 505 million and is expected to surpass 715 million in next year.

IT WAS THE WORST OF TIMES, for both entrepreneurs and investors as the ferocious, endless, sometimes cheap-shot-like competition is exhausting without any positive yield and valuation of companies has been pushing up due to market mania and investment spree. Thousands of similar products/services could emerge upon the scene overnight, with totally no difference, at all. So many investors are keeping their close eyes on the same hot spots – one of the major causes why valuation for startups was soaring.

IT WAS THE AGE OF WISDOM, that new technologies and business models are quickly and adequately adapting to China to underpin the Chinese Internet infrastructure. Adoption of HTML5 enables cross-platform apps, thanks to companies like Leiyoo, organizations like HTML5 Chinese Interest Group among many other vision bearers. Inception of coding languages, tools, frameworks and philosophies like Python,  jQuery, Github, NoSQL, Rails, DRY (don’t repeat yourself) and DRW (don’t reinvent the wheels) equipped Chinese coder with latest Valley practice to help them gear up for the startup wave.

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Ben Jiang

Listener of startups, writer on tech. Maker of things, dreamer by choice.