In the last couple of years, a number of Chinese startups like Xiaomi, OnePlus, UCWeb and many more have emerged and scaled quickly at a global level. China has been catching up with the startup culture and is booming with its 6 most active startup hubs. Can one of its cities become Silicon Valley of the East?
Based on our research, and inputs with several companies from China itself, here are the top most active startup hubs in the world’s most populated country.
Beijing (formerly Peking or Peiping) is China’s tech hub and the capital of the People’s Republic of China. It is the nation’s educational, political, and cultural center. Nearly half of the startups in all of China are based out in Beijing, along with their investors. As per CrunchBase, over 800 companies are situated in Beijing including Xiaomi, Baidu, China Unicom, ATA, Sohu.com, UTStarcom, JD.com, MIUI, Qunar.com, LeTV, Ku6, 36Kr, and Didi Kuaidi among others. Near about 13,000 angel investors interested to make investment in Beijing startups.
Shenzhen is the hardware capital of China, home to companies like Tencent Holdings, Huawei, DJI, PCH International, BYD, ZTE Corporation, USB Promos, iDreamsky Technology, Xiu.com, and Alcatel Onetouch among others. Hardware accelerator like Haxlr8r also resides here. About 240 companies are based out in Shenzhen, along with 12,600 angel investors. It is a major financial center in southern China and just a stone’s throw away from Hong Kong Special Administrative Region.
Shanghai is producing a wide range of technology startups from mobile website developers to Yelp-like Dianping. It is the home of Chinaccelerator, which attracts startups run by non-Chinese entrepreneurs, specially drawn for getting Silicon valley experience in China. More than 500 companies are based out in Shanghai including Sina, PPTV, Shanda Games, Ctrip, AdChina, Juwai, PPDai, BoxC, SMIC, AskBenny, Avazu Inc, Adsame, and NewX among others. Around 12,800 angel investors are interested/invested in Shanghai startups. It has been described as the “showpiece” of mainland China for its historical landmarks like The Bund, City God Temple and Yu Garden as well as including many skyscrapers and museums like the Shanghai Museum and the China Art Museum.
Chengdu is one of the significant economic, financial, commercial, cultural, transportation, and communication centers in Western China. It hosts many international companies and Fortune 500 companies have also established their branch in Chengdu. Over 30 companies are situated here along with 12,550 angel investors including firms like Camera 360, Colasoft, Milanoo.com, Codoon, Pinguo, Huawei Symantec Technologies, Kanshu, Jule Game, and Saiguo among others.
Hangzhou is an hour away from Shanghai, and is best known for eCommerce company Alibaba. It is home of around 80 companies including Alibaba, Taobao, Kuaidi Dache, Mogujie, Tmall.com, Wacai, Xiami Music Network, Qualita, Koubei.com, Tongbanjie, FraudMetrix, and Weibu among others. As per AngelList, around 12,500 angel investors showed interest in Hangzhou’s startups. The West Lake and surrounding hills makes it distinctive and picturesque city.
Guangzhou comes in close range of China’s manufacturing hub, and it just one hour away from Shenzhen and two hours from Hong Kong. Around 90 companies have established their presence in Guangzhou along with 12,500 angel investors. It is the home of firms including UCWeb, 56.com, Biddingx, Catfan, Hufu.com, Smartpixel, ShareSDK, Keduo, Vip.com, Beststudy, Aipai, Lizhi, and Ejoy Technology among others. It serves as a national transportation hub and trading port.