Chinese Internet startups are usually distributed in a few regions that have vibrant startup community, mature industrial chain, funding supports, and talents. Second-tier, even third-tier cities are attracting the attentions of startups in 2013, although Beijing is still the center of tech scenario with most startups and investment cases, according to report recently released by Chinese startup database ITjuzi.
Startup Map: Beijing still dominates tech scene, second- and third-tier cities are catching up
97% of Internet startups is distributed in Top 10 tech bases, namely, Beijing, Shanghai, Guangdong, Zhejiang, Jiangsu, Sichuan, Fujian, Hubei, Taiwan, and Shanxi, showing a more centralized trend than 94% in 2012. Hong Kong, which ranked in Top 10 list in 2012, is elbowed away by Shanxi in 2013.
Beijing, Shanghai and Guangzhou are still No. 1 destinations for startups, accounting for 76% of the total on aggregate. Zhejiang, Suzhou, Sichuan, Fujian, which account for a combined 18% of the total, is catching up thanks to government supports in policies, funds and other resources.
However, the combined percentage of startups based in regions that nabbed 4-10 spots in Top 10 list (where second-tier and third-tier cities located) reached 21% on aggregate, up from 13% in 2011 and 20% in 2012.
Top 10 Regions For Startup Companies
Data source: ITjuzi (as of Dec. 31 2013)
Investment Map: Beijing, Shanghai, Guangzhou witnessed more than 80% of investment cases
In 2013, Itjuzi booked overall 854 investment cases that are distributed in 20 regions like Beijing, Shanghai and Guangzhou, demonstrating a more scattered trend as compared with 13 regions in 2012.
As shown in the figure below, most of the Top 10 regions in terms of investment cases are consistent with the list for startups. However, it is worth noting that Hong Kong nudged away Shanxi in this list.
Beijing, Shanghai and Guangzhou recorded 81% of the total investment cases, down from 84% in 2012. The combined percentage of investment cases based in regions that nabbed 4-10 spots in Top 10 list reached 16% on aggregate in 2013, slightly higher than a year ago.
Top 10 Regions For Investment Cases
Data source: ITjuzi (as of Dec. 31 2013)
Click here to read another post for the same report.
image credit: Witsee
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