Pioneers Laud Startup, Biz Climate

Authors: China Daily

2016-05-12

The business magazine Forbes published a list of 300 Asian pioneers under 30 years old in innovation and emerging businesses recently, among whom two work in the Chengdu High-Tech Development zone in Southwest China’s Sichuan province: Li Longfei and Wang Shirui.
Li is the founder of an internet game company and Wang began an online medical care company. Li said he believes the zone has a complete industrial chain for internet games, with research and development, distribution, operations and partnerships, which is important for the growth of his business.
As of 2015, the zone had more than 400 internet game enterprises, which employed about 15,000 people.
In a recent report in Fortune magazine, new business starters in Chengdu referred to as rongpiao, or "foreign talents from outside Chengdu", enjoy a leisurely lifestyle as well as the pro-innovation policy environment of the city.
Yang Xiao, a co-founder of an internet medical care company in Chengdu, said he was amazed at the fast growth of his enterprise and was confident in its future development.
Yang and two friends raised 1 million yuan ($154,445) in 2008 to found the company. The venture's current value is about 3 billion yuan and it has become a major player in its market niche.
Shanghai MJ Intelligent System Co cooperated with a Chengdu-based company to set up its R&D center in Chengdu Science City, a research and development industrial park near the hightech zone.
Chen Junke, president of Shanghai MJ, said: "Chengdu has some famous universities, institutes and vocational schools. The government attaches great importance to promoting innovation. That's why I set up the center in this city."
Cheng expects the production value of the Chengdu center will hit 2 billion yuan within three years.
High-tech industries
By the end of last year, Chengdu had nearly 80 new-business incubators, the largest of which is in Tianfu New District.
More than 13,000 people are employed in over 700 new enterprises in the 400,000-squaremeter business incubator zone. Deng Kunshan, general manager of the zone, said: "The place has become a new-business ecosphere where people can work, live and make innovations."
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