China's
Future Sci-Tech City

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Meet our Journalist


Xin is a professor at Zhejiang University, Hangzhou, China at the school of aeronautics and astronautics as from from 1st October 2020 at Zhejiang University in Hangzhou.

Xin holds a Ph.D. degree in mechanical engineering from the Technical University of Munich, Germany.

After graduation, he has been a research scientist on Computational Science and Engineering at Brown University, Providence, Rhode Island, USA, of the oldest and most renowned universities in the USA and one of the eight so-called Ivy League universities in the United States, at Technical University of Munich, Germany and at ETH Zurich, Switzerland.

 

China´s business metropolis


Hangzhou is an important city in East China and the capital of Zhejiang province. One hour away by train from Shanghai, the city is a vibrant startup hub and one of the most tech-ready hubs in China and this can be accredited to tech biggies like Alibaba and others which have set up offices here. The investments that have come into the tech ecosystem last year has been impressive. According to HexGn’s research, the total funding in 2019 was over $1.6 billion.

Government promotions

The success of Hangzhou’s tech sector is not merely a byproduct of Alibaba’s enormous growth (Hangzhou hosts the worldwide headquarter of Alibaba), but also a result of government efforts to promote the industry. The government provides tax breaks and attractive incentives for high tech firms and internet startups, including housing subsidies for entrepreneurs and events to promote private and foreign investment to support startups.

 

The Hangzhou High-tech Enterprises Incubator is one of these initiatives, part of China’s wider Torch Program that supports entrepreneurship and innovation. Hangzhou also has several industrial parks and development zones, including the Hangzhou High-tech Industry Development Zone, which houses over two-thirds of the cities tech companies. Notable investors in this zone include Alibaba, Microsoft, IBM, Nokia, Panasonic, and Mitsubishi. Another key development zone is the Yuhang Future Science and Technology City, created to attract foreign talent.

The local government is proud of its support of entrepreneurs and private businesses, as well as its openness to foreign investment. In recent years, Hangzhou has been working hard to create a world-class business environment in accordance with the international standards, rules and practices, continuously optimizing institutions and mechanisms, upgrading the development of the real economy entirely, and promoting high-quality economic development with first-class business environment.

Out of the list of "China's Top 500 Private Enterprises in 2018", 36 companies are from Hangzhou, whose number of listed companies have ranked first in the country for 16 consecutive year.

Top startups in Hangzhou for 2020

Beidian is a fast-growing social e-commerce brand in China and has been founded in 2017. The platform offers member-based services and helps buyers connect with the manufacturer directly to get attractive discounts. It is one of the top startups in Hangzhou for 2020 which is also responsible for the creation of healthy jobs market in the ecosystem.

Tongdun, an IT solutions startup, helps businesses in the area of risk control management. It has developed its own system for the same which is based on an intelligent integrity network. If you are looking for startup jobs in Hangzhou and are keen on working at one of the top startups in Hangzhou for 2020, make sure you apply at Tongdun for an exciting career. Total funding so far is at $250 million.

Club Factory is a globally successfully e-commerce platform offering home, lifestyle, and fashion products at affordable prices. Accessible through both website and an app, Club Factory’s services are available in 25+ countries. The company was founded in 2014 and raised a total of $220 million so far.

... more top startups

Haoyiku is also among the top startups in Hangzhou for 2020. The company is a social e-commerce startup founded in 2017. The community-based e-commerce platform facilitates the sale of apparel through Wechat by enabling vendors to share links directly with customers. They raised a total of $123 million.

Medtech startup Zhanghan Tangyi has developed a health platform that allows its users to monitor their sugar. The app records the sugar levels and helps users manage their health needs. The company was founded in 2014, raised a total of $116 million, and is definitely one of the most innovative top startups in Hangzhou for 2020.

Dt Dream is an IT solutions startup that helps its clients in the areas of cloud computing, big data, and security. The startup boasts of being the partner for Alibaba Cloud, the cloud computing arm of Alibaba. Founded in 2015 with total funding of $267 million.

Want to
learn more

Zhejiang Provincial Department of Science & Technology
Division of Science & Technology Cooperation


Mr. Lingping Xi, Director

No.4 Building of Provincial Administration Center
Huan Cheng xi Rd.
Hangzhou, Zhejiang
P.R. China

Tel. +86-571-87057058
Email zaiep@163.com