Chinese business model: Internet Plus is a new Chinese business model that applies information technology in more traditional industries, such as Internet+Retail, according to Global Times China. Though such a concept will take time to root in China dynamic economy, at a macro-economic level all the abandoned offices I visited reflect an interesting local trend. We spent several months seeking a suitable office space, visiting over 20 properties across the city, many of which had been recently vacated by Shanghai first wave of "Internet Plus" startups. Based on my conversations with real estate agents and property owners while perusing these ghost-offices , I was able to piece together clues about the demise of these failed startups. So a bunch of tech-savvy tuhao in Shanghai started selling themselves to venture capitalists, angel financiers and private investors, each boasting that they had the talent, the team and the technology. Internet Plus was one of last year biggest buzzwords on the Chinese interwebs, with success stories like Alibaba, Tencent and Baidu enticing millions of young entrepreneurs to team up with techies to get in early on the future of China surging IT economy.
(news.financializer.com). As
reported in the news.
Tagged under Chinese business model, suitable office space topics.