The hot Japanese media of "coffee shop entrepreneurship" in China say that due to the surge in venture capital

The reference News Network reported on September 8.

Japanese media say the institutional malaise of putting too much emphasis on large state-owned enterprises is one of the structural problems in China's economy. The government tries to solve this problem by promoting private entrepreneurship. In the university district of Beijing, there is a "Entrepreneurship Street", which brings together a large number of entrepreneurs who are exploring and practicing Silicon Valley.

Zhongguancun, located in northwest Beijing near Tsinghua University, Peking University and other top Chinese universities, has a 200-meter-long "Entrepreneurship Street", Japan's Asahi Shimbun reported on September 6. In the coffee shop here, you can stay all day with only a cup of coffee. With power, Wi-Fi, printers and separate desks and chairs, young people can turn on their personal computers to work, just like working in a new company.

Wei Qingchen, who is busy in front of a computer in a T-shirt on the second floor of Garage Coffee, an old startup coffee shop, is an entrepreneur, according to the report. "if there is a technical problem, there is always an expert around to help," he said. "

Wei Qingchen, who originally worked for a large enterprise, resigned to start a business because he "wanted to help office workers reduce stress". He is currently developing software that can analyze what customers say to select decompression music from the database that suits him. Some investors are optimistic about its prospects and have invested 1 million US dollars.

According to the report, there are also many offices of incubators and investment institutions that provide formalities services for entrepreneurs on Entrepreneurship Street. Zhongguancun, which is concentrated by electronics stores and IT companies, was once ridiculously called "fake Akihabara" in Japan, but in recent years it has become known as "China's Silicon Valley".

The upsurge in venture capital is driving the entrepreneurial craze among young people. A total of 1360 cases were disclosed in China's domestic venture capital market last year, with a total amount of US $12.7 billion, both setting a new record, more than 10 times that of Japan, according to data from Chinese investment services company Investment China Group. Industry experts said: "even if there is no background, no relationship, as long as you have the ability to start a business, now there is finally such an environment."

According to the report, instead of working as a small clerk in a large enterprise, it is better to start a small company as the boss. The Chinese already have a strong spirit of independence. The full support of the government has added to the fire.

In May, Chinese Premier Li Keqiang patronized 3W Coffee on Entrepreneurship Street. The scene of Premier Li sipping vanilla cappuccino while chatting with entrepreneurs of online financial companies has been widely reported in the media.

According to the report, the Chinese government's worry is to ensure employment. The number of college graduates in China this year, including college graduates, has reached an all-time high of 7.49 million, and existing enterprises have been unable to provide suitable jobs for this army of workers. So last fall, the Chinese government put forward the slogan of "mass entrepreneurship and mass innovation" and launched a series of policies to support entrepreneurship, such as simplifying company registration procedures.

But the protagonist of China's entrepreneurial craze is the business model known as "O2O" (online to offline), which makes the Internet a foreground for offline transactions. Although there are innovative services such as door-to-door cooking, there is still a big gap compared with Silicon Valley in the United States, which is dominated by technological innovation.

It is reported that the shift from relying on the government and state-owned enterprises to relying on the market is China's signature reform policy. But the world is worried about China's slowing economic growth. In August, after the collapse in the Chinese stock market, venture capital also showed signs of a sharp decline. Is China's entrepreneurial craze a flash in the pan, an empty cry with big thunder and little rain, or can it give birth to technologies and enterprises that change the world? This is about the future of China's economy.

File photo: in the garage cafe of the entrepreneurial service agency located in Zhongguancun Entrepreneurship Street in Beijing, entrepreneurs are exchanging and seeking cooperation opportunities.