Pony Ma
Tencent
Jack Ma
Alibaba
Robin Li
Baidu
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.