Thanks to government officially support, nowadays thousands of startup companies are born in China, not limited to local entrepreneur, more or less foreigners intend to setup their own business. In a rough figure, average 10,000 new companies were daily registered from 2014, the huge investment news and successful fundraising activities has always been an interest of media and public, everyone dreams up “a billion super unicorn” in opposite few people pay attention on those facts of failure.
In 2016 it shows most startup companies are facing a frustrated situation, lack of financial sponsorship, unexpected weak market etc. leads to a difficult decision, continue “Go” or “Not Go”. A Chinese saying, “Failure is the mother of success”, it's a good time for us to recall lessons learned from the failure rather than the fact itself, even those success had a painful experience you might never know this.
Alibaba group founder,