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Qunar co-founder Fritz Demopoulos says startup success in China requires a 10-year commitment
Demopoulos was interviewed on-stage at TechCrunch Shenzhen, which we organized with TechNode. To take that same analogy, you need to commit at least 10 years to the Chinese market, Demopoulos said. Traditional filters to evaluate highly capable people don't work in China, Demopoulos said. Outside of China, he said he's interested in countries like Vietnam and the Philippines, but he described Indonesia is first among equals. Some models that worked in China 7 to 10 years ago might work today, he said.
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