From The BusinessWeek Online: More young companies are scaling the Great Wall.
It’s not just the push from big businesses. China’s entry into the World Trade Organization and significant reductions to registered capital requirements are allowing more U.S. companies to do business there. And rising Chinese incomes are making a large consumer market even more appealing.
Venture capitalists such as Battery Ventures, DCM-Doll Capital Management, and Draper Fisher Jurvetson are actively looking to back new small businesses moving into China. “If an entrepreneur seeks VC funding and doesn’t have a competitive strategy to leverage less costly resources in China or India, it could be a black mark against them,” says Jesse Parker, president of Needham, Mass.-based Changsha Consulting.
Heires is a New York-based business writer who can be reached at (www.mediakat.com).
