Sourcing components is easy because of online marketplaces like Alibaba. The list of victims of China's lightening-fast copycats grows, hitting businesses big and small. One is Israeli entrepreneur Yekutiel Sherman who created a smartphone case called the Stikbox that transforms into a selfie stick, however, a week after the product hit Kickstarter, an identical version was for sale on Alibaba's AliExpress for $10, well below Sherman's expected retail price of $47.41. Copying is part of the Chinese culture, and whoever is better and faster is going to make the deal. In China, there are many ways to copy your idea. It appears little can be done to stop it; all companies or entrepreneurs can do is to beware and prepare.
The list of victims of China's lightening-fast copycats grows, hitting businesses big and small. One is Israeli entrepreneur Yekutiel Sherman who created a smartphone case called the Stikbox that transforms into a selfie stick, however, a week after the product hit Kickstarter, an identical version was for sale on Alibaba's AliExpress for $10, well below Sherman's expected retail price of $47.41. Copying is part of the Chinese culture, and whoever is better and faster is going to make the deal. In China, there are many ways to copy your idea. It appears little can be done to stop it; all companies or entrepreneurs can do is to beware and prepare.