Shanghai has an impressive mix of global corporate innovation, startup co-working and investment hubs. Shanghai has quickly become a centre for technology and greater financial services. By 2020, the Chinese government aims for Shanghai to become an International Financial Center. This has led to various supports for businesses, including tech companies and startups.
Shanghai is home to 21 unicorns. The ecosystem is supported by at least 5000 angel investors and associations. The ecosystem is vibrant and international. 32 percent of startup clients are foreign, which is considered high compared to other Chinese cities. The Gaming industry in Shanghai is ranked as #2 in the world, with over 130 gaming startups and is a satellite for industry giants. Over 1,000 Edtech companies are headquartered in Shanghai, and they received about $1.3 billion in venture funding between 2015 and 2017.
TOP INDUSTRY VERTICALS
- Artificial Intelligence
ESTIMATED LIVING COSTS
AccommodationMonthly rent for Studio apartment
Basic combo meal in a casual restaurant
For one person in studio apartment
InternetInternet package for one month
TransportAvg. of public transport ticket per month
Development CostPersonal development cost per student
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Global Innovation Alliance Office
A programme under the Global Innovation Alliance Initiative by:
Global Innovation Alliance Innovators Academy