Founded by a group of seasoned entrepreneurs and investors, Feimalv is one of the leading companies in China helping young people bring their innovative ideas to life
Online crowdfunding has emerged as a new fund-raising channel for China's cash-strapped small companies and startups amid a slowing economy.
Zhang Xuefeng, a former Nokia China employee, joined a 70-strong team to develop the Hulu smartphone brand, which is part-owned by Datang Telecom Technology & Industry Group, an SOE.
Chinese firms are setting up foreign 'incubators' for some of the most innovative fledgling businesses.
Like many students, who skip class they don't want to take, Pu Lei often decided to stay home and miss school. However, unlike most of his peers, he spent the time developing a mobile application that allows students to swap classes and maintain good attendance records.
Among the 30 budding businessmen that China Daily interviewed in Beijing last month, 60 percent of them cited investment as the key issue.
TechCode, which specializes in helping Internet startups, opened a new center in Beijing on Friday to advise fledgling companies on how to fund their global ambitions.
Startups are shooting up in China's countryside as the government encourages rural entrepreneurship with a spate of favorable policies.
Young entrepreneurs are rushing to launch their dream business as investors and policy makers enthusiastically encourage a new startup trend.
The difficulty authorities face in encouraging entrepreneurship in universities has been illustrated by students' caution in starting businesses, with many complaining of excessive bureaucracy and lack of access to financing.
Since Premier Li Keqiang first put forward the new concept of "two engines" at the Davos in 2014, mass entrepreneurship and innovation have becoming China's new economic drivers.
During the past year, the central government has introduced an array of favorable measures, such as cutting red tape and tax breaks, to spur business startups and innovative firms.
With the encouragement, new firms are registering every day, with many in high-tech sectors. The new impetus also plays a key role in creating more job opportunities, boosting structural reform and bringing economic growth.
