China

Beijing

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 closed $3 billion of funding in 2018 at a valuation of $75 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

SOFTWARE STARTUP OUTPUT
7.5k-10k
GLOBAL AVG.
1,010
ECOSYSTEM VALUE
$142 bn
GLOBAL AVG.
$5 bn
#2 Global Ecosystem
Artificial Intelligence
#4 Global Ecosystem
Fintech
6
Exit Growth
INDEX
4
Output Growth
INDEX
3
Funding Growth
INDEX

Reasons to move your startup to Beijing

EARLY-STAGE FUNDING PER STARTUP
$599 k
GLOBAL AVG.
$284 k
TOTAL EARLY-STAGE FUNDING
$5,900 m
GLOBAL AVG.
$837 m
SOFTWARE ENGINEER SALARY
$31.3 k
GLOBAL AVG.
$58.3 k

Beijing’s tech hub Zhongguancun

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 committed to paying about $14.9 million in loan interest for startups to reduce capital borrowing costs by 20%.

Startup Community

Startup Genome
Partners & Members

91Maker
Creative Young Community
Cyzone Innoway BJ
Makes-global
Noodle & Meetup
Startup Grind
Suhehui
Technode
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