Summary of The First Half of 2017

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The First Half of 2017 summary
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Business in China is cut-throat – especially in the fast-moving start-up scene. TMT Post journalist Jun Zhang attempts to dissect some of the major changes in this sector in the first six months of 2017 and extracts lessons for entrepreneurs and business managers. Unfortunately, many of these recommendations stem from the author’s personal opinion and aren’t tried-and-true best practices. Nonetheless, getAbstract recommends the article to businesspeople in China or doing business with China.

In this summary, you will learn

  • How the Chinese start-up scene has changed in the course of the first six months of 2017,
  • What kinds of businesses have been less successful during this period and
  • Which start-ups are thriving.
 

About the Author

Zhang Jun, whose pen name is Li Muyang, is a guest writer for TMTpost. Zhang specializes in social media startups and product innovation.

 

Summary

Despite a slowed-down Chinese economy, the business outlook has been more positive in the first six months of 2017. And still, depending on the field, companies have faced several challenges. Some business models turned out to be unsustainable. Online-to-offline concepts have fallen out of fashion for smaller companies. Many are struggling to adjust their business strategies to start selling directly to customers. New media companies have had to adjust due to new government restrictions and regulations. Companies relying on artificial intelligence had to come to terms with the realization that the technology isn’t mature enough to yield significant dividends.

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