China

Beyond the legendary success stories of Alibaba and Tencent, China has developed into a vibrant, competitive ecosystem of innovative technology startups. That comes as no surprise, given the country’s fast-rising economy and consumer society, vast pool of world-class talent, and quick adoption of new technologies. CompassList China, our first chapter, was born to provide insights and the context of China’s startup and tech scene to the rest of the world. Through unraveling the local cultural, social, economic and business landscapes, we reveal how China’s startup economy has boomed amid the complexities of a giant nation, home to some 1.4 billion people today.

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DATABASE

China’s largest online parenting community Babytree is the first to identify the core needs of (new) mothers: gain parenting knowledge, socialize, record and share, shopping.

Car owners get free advice on auto-related queries, book a mechanic and shop for nearest in-store deals at preferential rates – all in one app.

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Lin Chenxi was the first director of technology at Alibaba Cloud, the cloud computing arm of the Alibaba Group. From 2008 to 2012, he led a team of more than 100 senior engineers to successfully set up Apsara, the largest, distributed cloud computing operating system with independent intellectual property rights in China. Before joining the Alibaba Group, Lin worked for Microsoft Research Asia in the fields of machine learning, computer vision, information retrieval and distributed systems. In 2012, he joined Leo Zhu as cofounder and chief technology officer of YITU Healthcare.

Liu Zhiqiang formerly worked at Huawei, China Mobile and HR website Zhaopin, where he was vice-president (product and technology)

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PowerCloud Venture Capital was founded in 2014 by UAV manufacturer PowerVision Group, Innovation Angel Funds and Beijing Jiaxun Feihong Electrical Co., Ltd. It invests mainly in early-stage startups in the robotics, drone, artificial intelligence and big data sectors.

Led by media and entertainment veteran Frank Yang (Yang Xingnong), ANTS Venture Capital conducts early-stage investments in Chinese companies from the TMT, culture & entertainment, healthcare, consumption & retail and new energy sectors. It expects its selected companies to become market leaders in their industries, with a CAGR of at least 30% and the potential to go public in two years.

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