This weekend over 9.5 Million Chinese students take the National University entrance exam known as the Gaokao. In comparison, 1.5 Million students take the SAT and 1.2 Million take the ACT. 1.2 Million students will take the IIT JEE entrance exam.
Yes, China is that big.
I usually get a lot of questions on startup ecosystems, especially China and India. I used to get more questions about Silicon Valley and India before, but now it is China’s startups that have gotten the attention of Indians.
When mention that they are way ahead by every measure, I get from Indians a shrug, and the inevitable “Yes, but they are driven by the state and protected by the Government”.
No, is my answer.
China is really that big. Everything they do, they are bigger.
For the 4-5 mobile messaging apps like Hike and others in India, there are 150+ messaging apps, and over 50 of them have more than 2 million users.
If I were a startup entrepreneur in India, I’d be looking more at China for innovation on the mobile and Internet side than the valley.