Chinese makers are eyeing the customer-to-customer (C2C) market in online to offline (O2O) businesses as venture capital counselors urge potential self-employed entrepreneurs to grab the opportunity to provide customized service both online and offline Taobao Intermediate .
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| Li Feng |
Li Feng, co-founder of Frees Fund, said China is far ahead of the US in online retail because of such companies as Taobao.com and JD.com. He said he started his own business with the backdrop of manufacturing overcapacity in China without lessons learned abroad.
Li, a former co-partner of International Data Group (IDG), now runs Frees Fund, an investment institute focusing on C2C services.
"I really regret not investing in taxi apps because I thought it was too hard to match a driver and a passenger," Li said on a maker salon organized by Sohu, a leading portal website of the nation. "But it turned out to be a near-monopoly because it is specialized once you make it."
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| Meng Xing |
Meng Xing, founder of China's leading catering brand Diaoye Niunan, suggested that starters focus on the minority and high-end customers to make money. "We can search online to find those who need personalized service to tap a new market."
"Most people don't like durian because of its smell. But I prefer to become a durian just to be loved by a small group of special people," Meng said Taobao agent .
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