China

Beijing #4

Attraction Phase

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.

Jordan Zhu
Senior Manager at Innoway in the Global Incubation Department

Sub-sector Strengths

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.

Why you should invest in Beijing

TOTAL EARLY STAGE FUNDING
$7.5 bn
GLOBAL AVG.
$431 m
ECOSYSTEM VALUE
$345 bn
GLOBAL AVG.
$10.5 bn
#1 Global Ecosystem
Knowledge
#2 Global Ecosystem
Performance
8
Exit Growth
INDEX
10
Investor Activity
INDEX
9
Funding Growth
INDEX

Reasons to move your startup to Beijing

MEDIAN SEED ROUND
$2000 k
GLOBAL AVG.
$494 k
MEDIAN SERIES A ROUND
$10 m
GLOBAL AVG.
$2.7 m
SOFTWARE ENGINEER SALARY
$34 k
GLOBAL AVG.
$42.1 k

Zhongguancun Tech Hub

Around 9,000 tech companies call this hub home, including Baidu, Sina Corp, and Lenovo.

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%.

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.

Startup Community

Startup Genome
Partners

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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