Pony Ma and Jack Ma (not related), the entrepreneurs who started China’s two most successful internet companies Tencent and Alibaba, recently became the second and third wealthiest men in China according to Hurun’s annual rich list. Chinese technology companies’ stocks continue to do well. However, for the majority of the internet entrepreneurs working on building their companies to be the next Tencent or Alibaba, things aren’t so rosy.

In a report released by NetEase Cloud and IT Juzi (in Chinese), data shows that the average Chinese internet entrepreneur is likely to be a guy in his 20s working 12-hour days and 6-day weeks in Beijing. However, despite facing challenges such as a shortage of funding and talent as well as the stressful working life, Chinese entrepreneurs remain fiercely optimistic about the future of China’s startup economy.

The demographics of Chinese technology entrepreneurs are what you’d expect: mostly college-educated men, concentrated in large centers such as Beijing, Shanghai, and Guangdong, and in their 20s to early 30s.

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Linda Lew

Linda Lew is a Beijing-based journalist who covers technology, start-ups and business in China. You can reach her at lindalew at aliyun dot com.