Provides insights and a ‘stepping stone’ to daring Singaporean and other foreign start-up companies with innovative products / services that want to get in the Chinese mainland market.
20. Although only accounting for approximately 4% of global retail sales, China accounts for approximately20% of global growth.
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23. Most consumers do not care about brand, although more and more people are starting to have brand awareness.
24. The consumer market is still very fragmented for most product / service categories.
25. Top tier cities (e.g. Beijing, Shanghai, etc.) are already becoming very competitive. The new potential is in 2nd and 3rd tier cities.
26. Middle class Chinese have only just started to pay attention to diet, fitness, and a healthy lifestyle.
27. Women have only just started to buy accessories, cosmetics, fancy lingerie, etc. in order to enhance their sense of well-being and self-respect.
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33. Current crisis will slow down but not greatly hurt the VC market in China as the fundamentals of the Chinese economy are still strong and investment opportunities are still there.
36. In the U.S. Series A and B rounds typically account for over 40% of total funds invested.
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40. However, the stock markets in Shanghai and in Shenzhen continue to rapidly improveespecially in terms of shortening post-IPO lock up, transparency, etc.
41. Government is also soon launching a genuine Growth Enterprises Board (GEB), termed as “China’s NASDAQ”.
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44. Foreign VCs use offshore USD fund to invest into China deals’ offshore holding entities with all equity activities happening outside of Chinese jurisdiction.
45. Local VCs use RMB fund to invest into deals’ PRC entities and seek local divestment.