Senior executives of the technology ecosystem and investment community in Shanghai gathered at the Nova Dinner, hosted by Savills, to discuss the future of Shanghai and other cities in China as innovation hubs.
Shanghai is clearly a global business hub and China’s financial capital. It’s growing base of digital media and entertainment companies, availability of educational programs and access to and capital tech infrastructure make Shanghai the front-runner in KPMG’s ranking of global innovation hubs. But when it comes to most metrics on entrepreneurship, Beijing is doing far better. Zhongguancun’s ecosystem of new ventures, tech giants, research universities and professional services firms has developed tacit knowledge and an entrepreneurial culture that is hard to replicate. What does this mean for Shanghai’s plans of becoming a global innovation hub?