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Thoughts on China’s Startup Ecosystem | PandoDaily

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And that is where Kaifu Lee’s Innovation Works comes in. Thanks to his celebrity and RMB fund, Lee – who has 15 million followers on Sina Weibo and a library of books with his face on the cover – has been able to corner a large part of the market for early stage startups in Beijing, which is the centre of China’s tech universe. For any Chinese startup looking for an incubator, Innovation Works is an obvious and easy choice. And with the recent opening of a 10,000 square meter space in Shanghai that influence is likely to spread. That has the perhaps undesirable effect of, to some extent, blocking out foreigners and concentrating power in one man’s hands, but it is just one impediment that the ecosystem faces. There are plenty of others.

Thinking of moving to China? :)

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