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China (Tech Industries (Fintech & EdTech (FinTech (Fintech: Why?…

- - - - Fintech: Why?
        
        Outreach to remote areas
        
        Strong Government Regulation
        
        Ease of use
      - Current Standing
        
        Dominated by Big Company and Mature Startups
    - - Why
        
        Huge Market Size ($267 M)
        
        Heavy spending by parents (25-33%)
        
        Huge overseas market (students travelling abroad to study)
      - Current Standing
        
        $35 (2012) to $1089 million (2015)
- - - - Abiding to Government Restrictions
        
        extremely influential and positive relations with these bodies can help companies remove regulatory red-tape and save time.
    - - Partnering with investment firms
        
        Industry veterans with a wealth of market knowledge and experience, help in managing capital, infrastructure, and guide your businesses decisions.
- - - - Large community:
        Mi community is hugely important and is inseparable from this platform approach. Volunteers to create content, serve as good marketing strategy
      - Focus
        
        only smartphones and tablets, TVs and set-top boxes, and routers, rest is produced by independent companies that Mi has invested in
        
        only make one model of any product, so even with our high R&D costs, our unit cost is much smaller than other people's
      - scale:
        huge, our cost per unit produced goes down over time.
    - - OS: users could suggest improvements that would be incorporated in weekly updates
    - - help them define their product and use our sales channel, supply chain, branding and financing
        
        within a year, ZMI, the power-bank startup, had become the world's largest
        
        Hardware, in China slow is actually fast. If you take your time to iterate, when it finally explodes on to the market you can meet that demand and scale much faster -- unlike the Kickstarter model, where delays cause the hype to die.
        
        If you're a partner in a big company, it doesn't really matter if the product does well -- your stock options will still be there. But if you're the entrepreneur and your product fails, you're done. So you're much more driven to build an amazing product.
    - - acquiring users with amazing products, keeping them loyal, increasing their engagement and monetising them."