From HK, cofounded a biz in Shanghai now Series B. So just sharing a bit of my feelings.
First, congratulations, it must be really exciting getting on board this adventure. Let me get to the point quick:
HK is expensive, extremely. If you're paying yourself (and your founders and employees) good enough to live in HK, I'd strongly suggest that you move to China, even Shenzhen. It will help slow the burn rate. Get a good VPN before start :)
If your fund is in HK or anywhere outside China, great. Coz as I see it, you dun really need connections into the China market. (I also see that your product can be integrated with WeChat. China is another internet. The landscape is different. It takes living and breathing to understand it.) Every other social media you mentioned is a bit enough market to focus on.
Hope your product come to huge success. There're already some established solution in your field but it's only in the beginning so keep it up. :)
From HK, cofounded a biz in Shanghai now Series B. So just sharing a bit of my feelings.
First, congratulations, it must be really exciting getting on board this adventure. Let me get to the point quick:
HK is expensive, extremely. If you're paying yourself (and your founders and employees) good enough to live in HK, I'd strongly suggest that you move to China, even Shenzhen. It will help slow the burn rate. Get a good VPN before start :)
If your fund is in HK or anywhere outside China, great. Coz as I see it, you dun really need connections into the China market. (I also see that your product can be integrated with WeChat. China is another internet. The landscape is different. It takes living and breathing to understand it.) Every other social media you mentioned is a bit enough market to focus on.
Hope your product come to huge success. There're already some established solution in your field but it's only in the beginning so keep it up. :)