Shanghai may not be the first name people think of when it comes to the startup scene, but the cosmopolitan city is becoming increasingly popular with both entrepreneurs and venture investors. Shanghai’s startup community is know to be smaller than Beijing’s, but it is more accessible and suits foreigners who want to avoid a total culture shock.

In the first quarter of 2015, Shanghai has witnessed overall 75 investments in the Technology, Media and Telecommunications (TMT) sector, most of which are focused on local lifestyle and online finance industries, according to a report release by government-backed research institution Shanghai Promotion Center of Mobile Internet Industry.

During the reporting period, China has recorded a total of 391 investments. Beijing, Shanghai, Guangdong, Zhejiang and Jiangsu have recorded 140, 75, 54, 27 and 14 cases respectively, accounting for a combined 80% of the total investments.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.