For Startups, The ‘Copy To China’ Tactic Has Ended. ‘Copy From China’ Is Beginning.

Jun 14, 2018 · 6 min read
Photo: Zhang Peng/LightRocket via Getty Images

By David Cheng

Venture capitalists are familiar with the “Copy-to-[Insert Country]” model. It goes like this — find inspiration in business models or trends that have exhibited strong momentum in the U.S., and then fund comparable companies in China. Examples of this strategy include our investments in the “Gilt of China,”…

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