How do emerging markets such as China differ from industrialized countries such as the United States in terms of the environment for corporate entrepreneurship in technology sectors? Emerging markets are growing more rapidly and thus are attractive for corporate entrepreneurship in technology sectors. The operating environment for entrepreneurs is more complex in emerging econo-mies such as China than in developed economies. Entrepreneurs need to scan developing countries more carefully due to the complexity of the environment. Emerging markets also differ in terms of the prevalent forms of capitalism. Most tend to be characterized by a state directed (e.g., China) or an oligarchic (e.g., India) form of capitalism. Most industrialized countries, on the other hand, tend to have entrepreneurial (e.g., the United States) or a big firm (e.g., Japan) type of capitalism