Student entrepreneurs learn harsh lessons

As the number of graduates continues to rise, many are opting to start their own companies. However, fierce competition and scant experience of the world outside college is making life hard for China's budding businesspeople, as Su Zhou reports.

While most of his classmates are busy trying to secure job interviews, Yuan Bozhi, a computer science graduate-student at Tsinghua University, has already been offered several well-paid posts in the Internet industry.

However, despite the interest of several online giants, Yuan has chosen to work for an employer who is unable to make any promises about job security or offer the sort of remuneration to which graduates have become accustomed: Himself.