Vincent Fong about how and why western companies fail to dominate in China

Video from the Breakfast for the Brain seminar, where Ola Ahlvarsson and Vincent Fong talk about why local players dominate the Internet scene in China.

Below is three minutes of video from the Q&A with Vincent, starting with the question of what western companies do wrong. The camera is very shaky in the first minute, but stabilizes after a while.

[HTML1]

Vincent also showed some interesting numbers and comparisons between local social networks like QQ and Cyworld and west-based ones like Facebook.