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Yes, the project is focused on china, and have great dev team.
I have been watching the CEO talking in blockchain conference: absolutely agree that these guys are serious, and when they said: we don't want to be like Ethereum, we want to be better that Ethereum. We don't want to be number 3 or number 2 crypto in the space, We want to be number one!
Now it is down to their expansion, I saw couple ICOs already based on the NEO platform, so than more of them will be based on NEO, and than more success they all will have than better, and will help faster NEO to grow.

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