The Hefei Model
Many years later, i wrote about this on this very city. Whats changed i guess is how much this model has become the modus Operandi for China and how soon the Venture Capital will be going through its own Kodak Moment. You can check the article here https://open.substack.com/pub/chinain5/p/the-death-of-risk-capital-how-hefeis?r=4w27ll&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false
Many years later, i wrote about this on this very city. Whats changed i guess is how much this model has become the modus Operandi for China and how soon the Venture Capital will be going through its own Kodak Moment. You can check the article here https://open.substack.com/pub/chinain5/p/the-death-of-risk-capital-how-hefeis?r=4w27ll&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false