This article is an extraordinarily informative piece from an educational institution in China on the IT hubs of the country, including Beijing, Shanghai, Shenzhen, Guangdon, Zhejiang, Hangzhou. knowledge.ckgsb.edu.cn/2015/01/19/finance-and-investment/is-there-a-chinese-silicon-valley/ The lead city is clearly Beijing which has the Zhonggangcun Science Park which by 2012 had about 15,000 companies. Among them are the giants of Baidu and Lenovo and incubators such as Innovation Works, and two elite universities in Peking and Tsinghua. As regards ventures, in Beijing there is Xiaomi, the dating app Mobo and photo app Momentcam, turning people into comic-like drawings, which has attracted seed funds from Alibaba. Turning to Shenzhen there is Tencent and its wildly popular WeChat and Seeed Studio, a hardware innovation platform. Seeed says Ordering electronics here is now like service in a restaurant. Also in Shenzhen there is Pans hacker space Chaihua and Haxlr8r, a hardware accelerator. This has roots in the regions shanzhai (counterfeit) culture which built know-how and skills useful for the regions advanced manufacturing infrastructure. As regards funding for ventures, IPOs have been the traditional means for fundraising, but that is changing, eg via start-up incubator Chinaccelerator and entry into China by operations such as the US-founded 500 Startups. Holding back China, says the article, is its traditional focus on rote learning and examinations and the countrys thin level of business management know-how. knowledge.ckgsb.edu.cn/2015/01/19/finance-and-investment/is-there-a-chinese-silicon-valley/
Posted on: Tue, 20 Jan 2015 01:04:31 +0000
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