Foreign startups chase « Chinese dream »

Jahangir655 · Post by **Jahangir655** » Mon Jan 06, 2025 10:40 am

They realized that shopping on Taobao (China’s leading e-commerce platform) is quite difficult for most foreigners in China while the platform is one of China’s marvels. It is a daily convenience for Chinese natives which allows purchasing a large range of products.

Erickson, a former English teacher in China shared “when I needed or wanted to buy something on Taobao, I always told my students or colleagues to help me purchase”.

The trio soon realized the potential market demand and started their e-commerce business, becoming start-up founders. They divided their work into 3 ways: Thornhill took the responsibilities of product, Erickson was in charge of the business development, and McNew the tech development.

Baopals.com was officially launched on march 1st, 2016 and after being featured in expat magazine, the company began to grow at a steady pace. After 18 months, baopals.com has sold more than 640,000 products and the team has grown to 30 employees, moving from an 80-square-meter apartment to a bigger office space.

Why are startups coming to China?
As Erickson said, “once you come here, it’s hard to leave”. China is egypt telegram number offering a lot of advantages and opportunities for foreign brands but also brings a unique experience for young (or less young) foreign entrepreneurs and start-ups.

Chinese will become wealthier and increase in number

The development of society will lead Chinese consumers to seek a better way of life. As a result, more and more high-end products such as premium chocolate, original coffee shop, and luxury fashion are gaining ground in China.

The increase in the average income level and the middle class in China support this demand and consumption in the country, bringing unstoppable growth. Chinese cities are thriving. Shanghai, a very cosmopolitan city is a great source of innovation and start-ups in the home market, as many industries carry on their operations there. But so is Beijing, Chongqing or Guangzhou, and Shenzhen, a huge technology capital of China.