Fostering Startups

China Daily

In a cover story for the ASEAN Edition of the China Daily, Quest Ventures’ James Tan was interviewed along with Edith Yeung of 500 Startups, and Duncan Logan of RocketSpace.

James said, “Before, China was a few years behind the West. Now, it is a few days behind… Chinese money moves faster, is more aggressive and makes decisions more quickly.”

Commenting on the financial front, however, Tan noted that the ‘white hot’ startup scene is headed for a correction in valuation. “You’re already seeing it in India, but it hasn’t occurred in China.”

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