Tech boom drawing more graduates back

Chinese graduates from foreign universities are returning home in bigger numbers than ever before, as the strength of the Chinese economy and the technology industry in particular being cited among a number of significant factors, Forbes has reported.

China is attracting back more "sea turtles", Chinese students returning home after completing their education abroad, with the fast growth of the technology industry proving the biggest draw in recent years, the report said.

Large tech companies such as Tencent and Alibaba are expanding "exponentially", while venture capital investments in smaller tech startups are growing at a fast speed, the report noted.