Hangzhou

Hangzhou is home to some of China’s biggest technology companies. The eastern city is the capital of Zhejiang province. It has been called China’s answer to “Silicon Valley” and is home to internet giants such as Alibaba Group Holding, NetEase and Kuaidi Dache. The city’s booming economy is based largely on technology startups, which has made Hangzhou an attractive destination for young graduates and global talent.

STARTUP ECOSYSTEM

Hangzhou as a startup hub, is one of the most tech-ready hubs in China. According to research by HexGn, total funding in Hangzhou tech companies has amounted to US$1.6billion. A strong technology infrastructure in the city has led to many innovation hubs launched in the last few years. Crunchbase estimates the city has at least 444 startups headquartered in the city.

TOP INDUSTRY VERTICALS

  • E-Commerce
  • IT Solutions
  • MedTech
  • Social Ecommerce

ESTIMATED LIVING COSTS​

SGD $1,501

Accommodation

Monthly rent for Studio apartment

SGD $9

Meal

Basic combo meal in a casual restaurant

SGD $108

Utilities

For one person in studio apartment

Estimated Living Cost

SGD $18

Internet

Internet package for one month

SGD $30

Transport

Avg. of public transport ticket per month

SGD $1000

Development Cost

Personal development cost per student

PICK ME FOR GEI​

Are you ready to skyrocket your growth, develop your entrepreneurial traits and see your work make a difference?

Managed By:

Global Innovation Alliance Office

A programme under the Global Innovation Alliance Initiative by:

Global Innovation Alliance Innovators Academy