Chinese entrepreneurs have startup fever, though the business landscape is just as attractive to venerable brands like IBM and Prudential.
To those who think China’s economy has hit a rough patch, Eli Lilly CEO John Lechleiter said in the Wall Street Journal, “What China calls a slowdown, the rest of the world would love to be able to experience.”
U.S. journalists talked with old and new business leaders during the National Press Foundation’s Journalist to Journalist (J2J) training in China.
Jennifer Xu, founder of Greenapple Health, saw potential in China’s highly regulated health care system. She said it isn’t unusual for doctors to treat 100 patients a day, for low salaries. She created an online platform to connect physicians with patients outside the system, charging patients roughly $17 for a 10-minute consultation with the doctor.
“The VC market is super hot now (in China). It’s the best time ever for entrepreneurs,” Xu said.