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.
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
- IT Solutions
- Social Ecommerce
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
Sandbox, Global Innovation Alliance Office
A programme under the Global Innovation Alliance Initiative by:
Global Innovation Alliance Innovators Academy