1 of 1

Pony Ma

Tencent

Jack Ma

Alibaba

Robin Li

Baidu

Company
Valuation (billion)
Industry
Founder & CEO
Age of Founder
Didi Chuxing
US$50
On-demand
Cheng Wei
34
Xiaomi
US$46
Hardware
Lei Jun
48
China Internet Plus Holding
US$18
E-commerce/ marketplace
Wang Xing
38
Toutiao
US$11
Digital media
Zhang Yiming
34
DJI Innovations
US$10
Hardware
Frank Wang
37
Lianjia
US$6.2
E-commerce/ marketplace
Zuo Hui
46
Ele.me
US$5.5
On-demand
Zhang Xuhao
32
Meizu Technology
US$4.58
Hardware
Jack Wong
41
Kuaishou
US$3
Social
Su Hua
35
Royole Corporation
US$3
Hardware
Bill Liu
34
Source: CB Insights

Cut in business tax rate for tech firms to 15% and 10% for software businesses

Tax discounts and free land for small or micro businesses

20% of National Social Security Fund for venture capital

Entrepreneurship and innovation tax cut

1600 tech business incubators launched

780 government funds

Some tech hubs have grown organically from ordinary suburbs, like Zhongguancun in Beijing, while others are government initiatives built recently.

Here are some of the leaders of the Chinese tech scene.

And these are the top ten Chinese unicorns, which are companies founded by entrepreneurs worth over US$1 billion.

China has launched 77 initiatives worth 100 billion yuan (US$15 billion) in tax cuts to stimulate the tech sector. Here are a few of the sweeteners.