Now China´s downturn hits certain industries, Chinese entrepreneurs use their creativity to change horses. The Globe and Mail describes how a former steel trader refocused his firm on medicinal liquor. Former Tudou founder Marc van der Chijs comments on how this fits into the Chinese style of doing business.
Tag Archives: Marc van der Chijs
China-investor Marc van der Chijs visited Shanghai for a board meeting of Dianrong, a financial internet firm, and summarized a few observations on his weblog. Company valuations are going through the roof and how they start to buy R&D outside China.
When China entrepreneur Marc van der Chijs moved to Vancouver two years ago, he had already a history of Chinese start-ups under hit belt, including China´s largest video hosting firm Tudou. As VC he remains active in China from Canada, he tells LearnChineseBusiness.com, but misses the daily business vibe of the country.
China is not short of amazing success stories, especially when it comes to the internet. VC Marc van der Chijs is board member if Dianrong.com and tells how the company raised US$500,000 in two minutes for a new financial product.
In China the financial authorities have come close to a ban of the Bitcoin, and the news in general has been negative. But China entrepreneur and Bitcoin enthusiast Marc van de Chijs explains on his weblog why the crypto-currency is likely to keep on shaking the financial markets.
OKCoin, claiming to be China´s largest Bitcoin exchange, got a first round of VC funding of US$10 million, writes VC Marc van der Chijs in Coindesk.com. Target: growth outside China.
Tudou founder Marc van der Chijs is having a small party. Ten years after he started China´s video sharing firm Tudou (now merged with former competitor Youku), the company turned profitable. A bit longer than we expected, he writes on his weblog.
Bitcoin expert and former serial entrepreneur in China Marc van der Chijs gives on his weblog his view on the latest developments of Bitcoin. Unlike the common opinion, Van der Chijs believes China is not trying to ban the bitcoin, but tries to contain the new financial feature.
The banking industry is one of the sectors where disruption by the internet will be huge, writes angel investor Marc van der Chijs in his weblog. “Most major banks are still living in the 20th century.” He joined SinoLending board, a firm focusing on making getting loans easier.
Cheers from VC Marc van der Chijs for Mary Meeker, who gave a lot of attention to China in her latest “The State of the Internet”. She underestimates the size of China’s internet companies by using under-reporting figures from Comscore, he writes on his weblog.