Founded by Eric Schmidt in February of 2003, China Entrepreneurs (formerly Beijing Entrepreneurs) became the first entrepreneurship networking initiative to hit Beijing. As more and more entrepreneurs came to China in search of their own piece of China’s economy, the simple question of how to do business in china arose. After hearing a wide variety of viewpoints, China Entrepreneurs was formed, starting in small venues of thirty, mainly foreign, attendees. Events occurred two to three times a month for various entrepreneurs to share their own experiences on doing business in China, until it transformed in 2005 to focus on entrepreneurship in China and building a business in China, regardless of being domestic or foreign.