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China’s Internet Companies Move Away from Beijing, Shanghai and Guangzhou
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China’s Internet Companies Move Away from Beijing, Shanghai and Guangzhou

Yao Xinlu
All Weather TMT, 2019
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  • Concrete Examples
  • Hot Topic

Recommendation

Beijing, Shanghai and Guangzhou have been China’s business hubs for decades. But Internet enterprises and the IT companies are moving to second-tier cities such as Chengdu and Wuhan. Often, companies and their host cities seem to hit it off effortlessly, with a reciprocal exchange of benefits. Some companies bleed their host cities and move on when they reduce the incentives. In this article from All Weather TMT, a Chinese website on tech business news, reporter Yao Xinlu explores corporate migrations, and shares her tips on how cities should promote themselves to companies.

Take-Aways

  • China’s Internet companies are migrating from the top-tier cities to lower-ranked but up-and-coming cities.
  • Relocated Internet companies enjoy the advantageous policies of local governments.
  • The new companies stimulate the local economy and help retain talented people.

About the Author

Yao Xinlu is a writer for All Weather TMT, a website that provides tech business information to help investors understand technology.

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