China
Beijing #4
Beijing's greatest innovation asset lies in its preeminent education resources. Among Beijing's yearly 200,000 college graduates, many enter the startup scene one way or another, making this city a leading innovation highland as today.
Ecosystem by the Numbers
EARLY-STAGE FUNDING
$7.5 bn
GLOBAL AVG.
$687 m
ECOSYSTEM VALUE
$345 bn
GLOBAL AVG.
$28.6 bn
AI, Big Data & Analytics
Beijing is home to 1,070 AI companies, 26% of China’s total. Beijing-based AI unicorn Bytedance is valued at $95 billion — the world’s largest privately backed startup. Zhongguancun, Beijing’s tech hub, is home to 10 AI labs.. China is building a $2.1 billion AI technology park in Beijing’s suburban Mentougou district.
Fintech
Beijing’s financial sector accounted for 17% of the city’s economic activity in 2017. The Beijing Fintech Demonstration Zone was announced in 2018. Tiger Brokers, an online brokerage, raised $80 million in 2018, reaching unicorn status. Du Xiaoman Financial, Baidu's Fintech arm, raised $1.9 billion in 2018, followed by a $2.89 billion credit line from Bank of Tianjin.
Reasons to Move Your Startup to Beijing
COVID-19 Policy
For science and technology small and micro enterprises in Zhongguancun Science Park, the Beijing government has laid out plans to provide a subsidy of up to RMB 200,000 (US$28,700) in R&D costs, based on the company's actual situation of R&D investment.
Government support
The regional government aims to introduce $2.2 billion in private capital to tech projects and is committed to paying about $14.9 million in loan interest for startups to reduce borrowing costs by 20%.
Zhongguancun tech hub
Around 9,000 tech companies call this hub home, including Baidu, Sina Corp, and Lenovo.
Selected Startup Organizations
91Maker
China Accelerator
Creative Young Community
Cyzone Innoway BJ
Dao Ventures
DayDay Up
Legend Star
Magma Partners
Makes-global
Noodle & Meetup
Plug and Play China
Sinavation Ventures
Startup Grind
Suhehui
Technode
Ventures Lab
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