Shanghai

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.

STARTUP ECOSYSTEM

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
EdTech
FinTech
Gaming

ESTIMATED LIVING COSTS

SGD $1,145

Accommodation

Monthly rent for Studio apartment

SGD $7

Meal

Basic combo meal in a casual restaurant

SGD $54

Utilities

For one person in studio apartment

SGD $20

Internet

Internet package for one month

SGD $41

Transport

Avg. of public transport ticket per month

SGD $1000

Development Cost

Personal development cost per student

SOME OF OUR INTERNSHIP COMPANIES

Chinaccelerator

https://chinaccelerator.com

Chinaccelerator is a mentorship-drive programme assisting internet startups from around the world cross borders, into China. Chinaccelerator offers guidance, training and resources from mentors, partners and investors.