WIA2020 | 30 Tech Entrepreneurs in China

Technology, Healthcare, AI Author: Ruizhi Cheng Apr 22, 2021 03:11 PM (GMT+8)

ContributorsMengyao Zhang, Chendi Qian

Editor-

Pages61

CopyrightEqualOcean Intelligence

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Introduction

This research includes 150 entrepreneurs who operate the most promising technology-based businesses in China. The candidates have been selected based on five distinct categories, including professional background and business achievements. The report is a helpful resource for institutional investors seeking groundbreaking businesses in China, as well as for international corporations that are looking for partnerships in the local market.

Highlights

90% of the selected Youth Entrepreneurs 2020 are active in the technology, communication and consumer service sectors – areas that have seen a plethora of disruptive business models appearing over the past few years.
54% of China's overseas returnees name the country's rapid economic growth among the reasons for their decision to go back, which indicates a rather positive outlook of the local labor market.
73% of the selected AI Entrepreneurs are based in Beijing and Shanghai, China’s major technology and education hubs.
Twentyone women-founded startups reached the 'unicorn' status in 2019 globally – over five times more than in 2013; in China, the edtech company VIPKID is the largest among such entities.
69% of foreign entrepreneurs in China have experienced administrative licensing problems and over half of them have faced product approval delays.