Falcon Invoice Discounting Setup for Small Businesses
Editor's Notes
Reason: political, one version of the story, big country and hard for central government to manage China is socialist countryTalk a bit about 2008 Sichuan earthquake, open to the world.
hard to predict future trends– will faceback, twitter,google, youtube be back to China?
Trust is a big problem online in China. (e.g. domestic train timetable is not accurate online, but improving) Chinese government realized clearly as good social system would improve productivity.(e.g. apply passport in Shanghai, standard procedure)Online games – addicted Taobao is under Alibaba, annual transaction exceeds eBay. (defeated eBay in 2003, comprehensive logistic system handled by low cost labor(numerous domestic small courier companies formed a delivery net), less than $2 to deliver a parcel, normally next day delivery.
