Startup parks give entrepreneurs a chance to grow their business
By Tang Ye and Pan Zheng
There are about 10 startup parks along a 3km stretch of Caoyang Road. More than 420 start-up companies have settled in these parks, employing over 4,000 people.
Li Fengnian, founder of easy Business, said convenient transportation had
attracted him to set up his company on
Caoyang road. easy Business provides
Internet services for companies that
want to extend their business online.
After five years, easy Business now has
an annual trade volume of 150 million
yuan (US$24.17 million) and rents an
entire building in a startup park.
Li is right about transportation. there
are stations for Metro lines 3, 4, 11 and 13 on Caoyang road. It’s easy for passengers to travel around the city.
For Xu rui, vice general manager of Muhe network, a mobile game company,
the startup park benefited him in a dif-
Phoenix Media acquired 64 percent of
Muhe’s equity for 310 million yuan in
2013, which helped Muhe develop into
the company it is today.
Muhe network is now estimated to be
worth 700 million yuan. Muhe network
and Phoenix Media first made contact
at a tea art salon organized by a startup
park on Caoyang road.
Tanjia 28 has held a weekly salon for
many years. the salon has different top-
ics every week, and it’s a nice platform
for entrepreneurs to share experience
There are many other companies like
easy Business and Muhe network that
have grown from “small seeds” to “big
trees” after choosing to set up an office
on Caoyang road.
Jintie Cloud Center recently provided
free space for newcomers and invited ex-
perienced businesspeople to help young
projects. Seventeen projects have been
implemented, so far, because of it.
This year Putuo will complete the
construction of the 8,000-square-meter
Putuo youth entrepreneurship Demon-
stration Park, the 10th along the Caoyang
Currently the parks include tanjia 28,
Jintie Cloud Center, Caoyang Innovation
Park, Changfeng Innovation Park and
entrepreneurship Star Factory.