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.
People wishing to start their own business in China will only need to apply to just one office for the three essential business certificates, rather than three offices at the moment, the State Council, China's cabinet, announced on Wednesday.
New government promises of favorable policies for tech startups will be further encouragement for the whiz kids working in China's "makerspaces", community workshops where techies gather to collaborate and achieve economies of scale.
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