CEO of UC Web, Yu Yongfu, wrote an article summarizing 2012 startup scene in China and gave talks at a couple of events on the mobile Internet. The conclusion is like that 2012 didn’t turn out to be a good year for Chinese startups.

“At the beginning of the year, a lot of people were full of confidence, believing that the spring for entrepreneurship was coming finally. When reaching the end of the year, however, we didn’t find many startups standing out. Look at the download charts of app markets. There still are the old guys. The reason is its too risky that some friends of VC circle even turned to UC, hoping to make strategic investments together with a platform.”

Big opportunities become smaller, while the small become bigger.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com