US EUROPE AFRICA ASIA 中文
    Business / Technology

    Beijing has all moves to entice tech crowd

    By Meng Jing and Wang Sujuan (China Daily) Updated: 2015-08-31 09:24

    Beijing has all moves to entice tech crowd

    Businessman Huang Qinghua grabbed a flight from Shenzhen to Beijing earlier this month to tempt potential investors into funding his company's expansion plans.

    Since making the trip, he has already persuaded one to come on board and is confident others will quickly follow as he looks to raise 20 million yuan ($3.13 million).

    On paper, his company Shenzhen Wanwulian Ltd should appeal to venture capital firms. It has been going for two years and specializes in manufacturing high-tech surveillance equipment for commercial and residential properties.

    "Beijing is the best place to get funding in China," Huang, whose office and factory are in Shenzhen, said. "Investors are open to all kinds of projects. And since we are now growing, we need extra investment for research and development for new products and other operations."

    To help start up Shenzhen Wanwulian, Huang received an initial round of funding from 10 angel investors, with seven coming from Beijing. They each invested 50,000 yuan.

    "We had the right product, the right staff and we launched at the right time," Huang, who has yet to disclose detailed financial figures about the privately owned company, said. "I believe we have a bright future."

    Huang is one of the new breed of high-tech entrepreneur-businessmen that the government is banking on to produce high quality products in an era of sustainable growth.

    Beijing has become the place to fund them. Top of the list for angel investors and venture capital companies in the Chinese capital are the big three sectors-telecommunication, media and technology, or TMT.

    Last month, a report released by PricewaterhouseCoopers LLP showed that about 52 percent of the "total deal volume", conducted by equity funds and venture capital firms, in China's TMT sector went to Beijing in the second half of 2014. Shanghai came next with 18 percent, followed by Shenzhen on 10 percent.

    "Beijing has established itself as the heartland of China's TMT industry, claiming 61 percent of the national aggregate investment," PwC's report highlighted, adding that the TMT sector in China received $15.9 billion last year, which was more than double the 2013 figure.

    Funding, of course, is crucial to startup companies. Building a successful business from scratch takes time, entrepreneurial flair and cash.

    Since most of the key venture capital firms and hedge funds are located in the capital, Beijing already has a head start on other major cities such as Shanghai and Shenzhen. But that could change in the future.

    "As other entrepreneurial centers continue to emerge in China, Beijing's advantage in the high concentration of venture capital will erode," Frank Hawke, China director for the Stanford Graduate School of Business, which runs the Stanford Ignite-Beijing Program for young entrepreneurs, said.

    Previous Page 1 2 Next Page

    Hot Topics

    Editor's Picks
    ...
    亚洲乱码中文字幕手机在线| 国产精品无码无卡无需播放器| 中文字幕亚洲男人的天堂网络 | 无码精品A∨在线观看| 精品久久久无码21p发布| 中文字幕精品视频在线| 久久久久亚洲AV无码专区网站| 最新高清无码专区| 亚洲人成无码网站在线观看| 久久久无码精品亚洲日韩蜜臀浪潮| AV无码免费永久在线观看| 中文字幕无码毛片免费看| 欧美日韩中文在线视免费观看| 婷婷中文娱乐网开心| 中文字幕丰满乱子无码视频| 色欲狠狠躁天天躁无码中文字幕| 国产成人无码一区二区在线观看| 亚洲成a人片在线观看中文动漫 | 精品无人区无码乱码毛片国产 | 精品少妇无码AV无码专区| 亚洲精品无码永久在线观看你懂的| 中文字幕在线免费| 亚洲国产精品无码久久久秋霞2| 久久精品亚洲乱码伦伦中文| 久久精品国产亚洲AV无码麻豆| 亚洲成A人片在线观看无码不卡| 中文字幕在线无码一区二区三区| 中文无码成人免费视频在线观看| AV无码久久久久不卡蜜桃| 人妻少妇精品视中文字幕国语| 亚洲av永久无码制服河南实里| 成年无码av片完整版| 久久AV高潮AV无码AV| 韩国19禁无遮挡啪啪无码网站| 十八禁视频在线观看免费无码无遮挡骂过| 国产精品亚韩精品无码a在线| 精品久久久久久中文字幕人妻最新 | 亚洲综合日韩中文字幕v在线| 亚洲中文字幕日产乱码高清app| 国偷自产短视频中文版| 少妇人妻综合久久中文字幕|