Frenetic entrepreneurship sweeps China's Silicon Valley
- By Wu Jin
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E-mail China.org.cn, October 18, 2017
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The cafe owned by Intellectual Property Publishing House [Photo by Wu Jin / China.org.cn] |
However, for most of the cafes on the street, they are not simply beverage dispensers, but also venues for the rendezvous of inspiring thoughts.
Yu Meng, a 24-year-old founder of a self-learning evaluation system named after Gutenberg, the German initiator of movable type printing, was one of the business people who make 3W his workplace.
By providing access to people's spare time learning competence to corporations through data analysis, Yu expects to hit gold by designing an APP and selling it to mammoth social platforms such as WeChat.
He has worked on his idea since arriving in Beijing about six months ago and prior to that, he moved around to Chengdu in Sichuan Province, Hangzhou, birthplace of Jack Ma's Alibaba in Zhejiang Province and Wuhan in Hubei Province.
"The venture investors here seldom interfere with how entrepreneurs run their businesses. Besides, the market is matured," Yu said.
To better facilitate innovative start-ups, Inno Hall, an institute engaged in streamlining the administrative registrations and other procedures for entrepreneurs, has provided services either for a fee or free. Besides, by swiping the two-dimensional code and downloading the APP, the applicants can submit their documents and receive business licenses online with the help of hall staff.
"The general economic outlook in the country has motivated us to meet higher standards for our service," said Yao Hongbo, President of Beijing Haizhikechuang Technology Services Co Ltd, the company in charge of Inno Way.
According to Yao, the street has witnessed several successful start-ups and cutting-edge innovations. In its Inno Gallery, a window to the avenue's progress and up-to-date technological inventions, there are displays of Dash robots, mechanical arms and Xiaomi's latest air purifiers.
At the same time, the emerging job hunting website Lagou.com has grown from a small enterprise of 13 to 14 people to a big corporation with a staff of more than 500. In its latest round of fundraising, the company sold 60 percent of its stake to the veteran recruitment website 51job.com to become an influential job-hunting platform in the domestic market.
"To become an international innovation highland, Zhongguancun should give birth to more innovations and hi-techs that may serve the world as a whole," Yao said.
However, in spite of the inspirational and successful cases, there are many entrepreneurs struggling to gain acknowledgement and venture capital. However, according to Yao, they should never become depressed with their choices and dedications.
"The experiences in starting up one's own business are precious for entrepreneurs to establish their position. It is not only the successes but also failures that can enable them to calibrate their ensuing aspiration," Yao said.
In his government work report in 2015, Premier Li highlighted the role of popular entrepreneurships and innovations, seeking to make them engines for China's economic restructuring.
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