China

Beijing

#6

Global Startup Ecosystem

 #1

Asia ECOSYSTEM

#1

Asia Ecosystem in AI-Native Cluster

#3

Global Ecosystem in R&D Engine

#3

Global Ecosystem in Performance
Beijing’s startup ecosystem is a powerhouse of innovation, backed by strong government support, top-tier universities, and a thriving capital market fueling China’s next generation of global leaders.

Highlights

Beijing’s startup ecosystem continues to thrive as one of the world’s most influential innovation hubs, combining deep technical talent, strong policy support, and global connectivity.

China launched a national venture capital guidance fund to expand early-stage Deep Tech investment. The initiative includes three regional funds exceeding $7.1 billion each, targeting startups valued under $70 million with investments capped at $7 million and focusing on sectors such as AI, Semiconductors, Quantum Computing, Aerospace, Biomedicine, and advanced next-generation communications technologies.

The Science & Tech-Finance Implementation Scheme (2025–2027) followed a broader push throughout 2025 to integrate AI, Advanced Manufacturing, and biomedical research into what policymakers describe as “new quality productive forces,” signaling a structural shift toward Deep Tech commercialization.

Beijing’s Robotics sector gained international visibility in February 2026 when humanoid robots developed by Chinese companies were showcased during the nationally-televised CCTV Spring Festival Gala, an event covered globally. The demonstration highlighted the accelerating transition of frontier robotics R&D toward commercially-viable and consumer-facing applications.

Beyond Robotics, Beijing's AI sector is consolidating around a cluster of globally-competitive frontier labs and applied AI companies. The city hosts a disproportionate share of China's top-cited AI researchers and has seen a wave of foundation model startups emerge since 2023, positioning Beijing as a serious rival to Silicon Valley in the race to commercialize large-scale AI systems.

These developments are underpinned by Beijing’s dense concentration of leading universities and national research institutions, which serve as a foundational engine for startup formation. Flagship institutions such as Tsinghua University and Peking University play a central role in translating Deep Tech research into commercial ventures through formal technology transfer offices, affiliated science parks, and university-backed venture investment platforms. 

This institutional depth combined with targeted capital deployment and policy experimentation sustains Beijing’s role as a major ecosystem for globally-ambitious, research-intensive startups.

Ecosystem by the Numbers

ECOSYSTEM VALUE

A measure of economic impact, calculated as the value of exits and startup valuations from H2 2023–2025. Ecosystem Value includes all active unicorns.
(H2 2023 - 2025)
$578 BN
GLOBAL AVG. $25 BN
REGIONAL AVG. $24 BN

ECOSYSTEM VALUE GROWTH

Growth is calculated based on the Ecosystem Value from H2 2018–2020 vs. H2 2023–2025.
(H2 2018 - 2020 VS. H2 2023 - 2025)
45%
GLOBAL GROWTH 149%
REGIONAL GROWTH 66%

AI-Native Ecosystem Value

A measure of economic impact, calculated as the value of exits and startup valuations from H2 2023–2025 for AI-Native. Ecosystem Value includes all active unicorns.
(H2 2023 - 2025)
$81 BN
GLOBAL AVG. $4.4 BN
REGIONAL AVG. $2.6 BN

AI-Native Ecosystem Value Growth

Growth is calculated based on the AI-Native Ecosystem Value from H2 2021–2023 vs. H2 2023–2025.
(H2 2021 - 23 VS. H2 2023 - 25)
120%
GLOBAL GROWTH 161%
REGIONAL GROWTH 58%

EARLY-STAGE FUNDING GROWTH

Early-Stage Funding Growth is based on number of Seed and Series A rounds raised between 2022-2023 vs. 2024-2025 and calculated on a scale of 1 (lowest) to 10 (highest).
(2022-23 vs. 2024-25)
7
Scale of 1 (lowest) to 10 (highest)

AI-Native Early Stage Funding Growth

AI-Native Early-Stage Funding (ESF) Count Growth Tier evaluates the growth in the number of Early-Stage Funding rounds between 2022–23 and 2024–25. Ecosystems are scored on a scale from 1 to 10, where 1 represents the lowest growth and 10 represents the highest.
(2022-23 vs. 2024-25)
6
Scale of 1 (lowest) to 10 (highest)

TOTAL VC FUNDING

The Total VC funding (Seed, Series A, Series B+) in tech startups in 2021–2025.
(2021 - 2025)
$65 BN
GLOBAL AVG. $5 BN
REGIONAL AVG. $5 BN

TOTAL EARLY–STAGE FUNDING

The total Seed and Series A funding in tech startups in H2 2023–2025.
(H2 2023 - 2025)
$4.9 BN
GLOBAL AVG. $554 M
REGIONAL AVG. $490 M

EXIT AMOUNT

The total value of exits from the ecosystem.
(2021 - 2025)
$381 BN
GLOBAL AVG. $7.6 BN
REGIONAL AVG. $11.9 BN

EXIT COUNT (#)

The number of exits from the ecosystem.
(2021 - 2025)
152
47
2021
34
2022
24
2023
23
2024
24
2025
GLOBAL AVG. 103
REGIONAL AVG. 55

TIME TO EXIT

The average age at the time of exit in the ecosystem in 2021–2025.
(2021 - 2025)
10.8 YEARS
GLOBAL AVG. 11.1 years
REGIONAL AVG. 10.2 YEARS

NUMBER OF UNICORNS 

The number of startups that meet our definition and have been valued at more than $1 billion and have not exited.
(ACTIVE UNICORNS)
56
GLOBAL AVG. 11
REGIONAL AVG. 10

MEDIAN SEED ROUND

The median of seed rounds in tech startups in the ecosystem in H2 2023–2025.
(H2 2023 - 2025)
$2.8 M
GLOBAL AVG. $1 M
REGIONAL AVG. $1 M

Median Series A Round

The median of Series A rounds in tech startups in the ecosystem in H2 2023–2025.
(H2 2023 – 2025)
$11 M
GLOBAL AVG. $6.2 M
REGIONAL AVG. $4.1 M

Top Funded Startups

Top startups identified based on funding amount from July 2023 to December 2025.
(H2 2023-2025)
1: Baichuan AI
2: Neolix
3: Moonshot AI
4: Zhipu AI

SOFT. ENGINEER SALARY

Average software engineer salary informed by data from Glassdoor, Salary.com, and PayScale, as well as local sources when available.
(2025)
$65 K
GLOBAL AVG. $54 K
REGIONAL AVG. $27 K

Sub-Sector Strengths

AI, Big Data & Analytics
AI, Big Data & Analytics

Beijing launched an AI action plan to expand its core AI industry beyond $142 billion within two years, accelerating integration with Big Data, advanced algorithms, and large-scale applications. In June 2025, Beijing hosted the 5th International Conference on Artificial Intelligence, Big Data and Algorithms, convening academic and industry leaders to advance collaboration in AI, data analytics, and algorithm innovation. In December, a review of China’s AI investment landscape reported 322 AI-related financing deals, signaling sustained capital deployment into analytics-driven and AI infrastructure startups across the broader ecosystem.

Fintech
Fintech

Beijing municipal authorities announced that new government-guided funds had mobilized over $14 billion in social capital, expanding private equity, tech insurance, and investment vehicles to support early-stage Fintech and technology startups. Beijing introduced the Science & Tech-Finance Implementation Scheme (2025–2027) to strengthen science-driven finance, reinforcing Fintech’s role in supporting high-tech industries through enhanced infrastructure, innovation funding, and closer integration with strategic technology sectors. In October 2025, Beijing held the Financial Street Forum Annual Conference, which convened 400+ financial leaders from 30+ countries, with discussions centered on financial-technology integration and cross-border risk governance.

Life Sciences
Life Sciences

Life Sciences in Beijing benefit from strong public-research institutions, specialized parks, and policy support that enable translational innovation. In 2025, Beijing-based METiS Technologies, an AI-driven nanodelivery biopharma company, closed a $55 million Series D round to scale its automation platforms, advance its therapeutic pipeline, and expand global partnerships and talent. The ecosystem’s strength in biotechnology and healthtech was showcased at the HICOOL 2025 Global Entrepreneur Summit, which emphasized rapid development in Biotech, Digital Health, and Medical Technology sectors.

Work with us

If you are interested in working with us to drive global attention to your ecosystem, please get in touch with Marina Krizman, Director of Business Development.

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