Founded by Xiaomi’s Lei Jun, this incubator-investor gets first-mover access to bright business ideas and talent with its startup cafes in China’s “north Silicon Valley”.
Why
Supportive government policies
Prioritize tech-driven entrepreneurship, innovation to create a new growth engine for the hitherto manufacturing-dependent economy.
Demand from entrepreneurs
With limited resources and experience, young entrepreneurs join communities to get inspiration, advice and networks.
Market
RMB 2.1 trillion
State funds for investing, supporting emerging tech entrepreneurs. China is world’s second-largest startup market, with VC deals worth US$37.8 billion and 4.4 million new companies registered in 2015.
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