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.
In this summary, you will learn
How Chinese Internet companies choose their locations,
Why these companies are relocating their businesses and
What effects the moves have on local economies.
About the Author
Yao Xinlu is a writer for All Weather TMT, a website that provides tech business information to help investors understand technology.