Incubators and accelerators have been growing like mushrooms in China’s major cities since 2015. While competing with one another in terms of venues, services, and professional advantages, incubators and accelerators went through all of the ebbs and flows during this period.

At the ChinaBang Awards 2017, Microsoft Accelerator Beijing CEO Luo Bin, Innospace+ General Manager Richard Tan and UrWork partner Xu Binchao talked about the future of this industry.

Incubators sprang up in large numbers in 2015 and 2016. In some incubators, three-fifths of a five-story building may be vacant, as there were not so many startups to be served. After experiencing such a downturn, what’s the current incubator sector like now?

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Sheila Yu

Sheila Yu is a Shanghai-based technology writer. She brings readers the biggest news from Chinese language tech media. Reach her at sheila@technode.com.