Startups targeting consumer goods, service sectors

The consumer goods and service sectors were the most popular ones among Chinese startup entrepreneurs in 2013 while fierce competition has become their largest challenge, according to a report released by CY-zone.cn on Tuesday.

The company, an early-stage investment portal, released the figures after polling almost 1,000 Chinese entrepreneurs.

About 56 percent of them said that they had confidence in the consumer goods and service sector, and 53.2 percent looked favorably on the online-to-offline sector.