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China's young entrepreneurs go home to get rich

(Xinhua) Updated: 2016-08-15 08:06 Comments

China's young entrepreneurs go home to get rich

Employees of start-ups walk out of an incubator center in Lanzhou city, capital of Northwest China's Gansu province. Oct 10, 2015. Incubator centers have been set up these years to boost start-ups in Chengguan district of Lanzhou city. Measures including simplifying procedures for licenses application and earmarking subsidiaries have been implemented to reduce the operation cost for the companies in these centers. Up to now, about 30 incubator centers have fostered more than 1000 start-ups in the sectors encompassing e-commercial, bio-pharmaceutical, cultural and creative and internet plus industries. [Photo/Xinhua]
After almost ten years in Beijing, Wei Wei, 35, has returned to his hometown of Lanzhou, capital of Northwest China's Gansu province.

"I've gained skills and experiences in Beijing, and I can help bring Beijing's business practices to the west," said the self-confessed IT geek. "The IT market in my hometown is full of potential and very attractive to me."

Wei and his friends opened a business in 2014, but was soon in trouble as IT skills do not equate to business acumen.

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