Beijing and Shanghai are some of the most creative cities in the world, when it comes to tech startups. The two Chinese metropolises were included in the Martin Prosperity Institute’s report titled Rise of the Global Startup City. The report used data from Thomson Reuters to track global venture capital investment in tech startups.

In 2012, worldwide venture capital investment was $42 billion across more than 150 cities. The United States’ West Coast, East Coast, Western Europe, China, and India are home to the world’s major startup cities. These regions are very active when it comes to entrepreneurship. 68.6% of worldwide venture capital investment was in the United States. 14.4% was in Asia, and 13.5% in Europe.

The United States held the six spots in the list of the most 20 most active cities for venture capital. The six cities are: San Francisco, San Jose, Boston, New York, Los Angeles, and San Diego. The San Francisco Bay Area and the Boston-New York-Washington corridor receive 40% of total global venture capital investment.

Cities outside the United States are attracting venture capital investment as well. London received venture capital investments of $842 million in 2012, ranking seventh in the world. Toronto received $628 million and was ranked 12th, and Paris received $449 million at number 16. In Asia, Beijing is ranked first in the region and 9th globally with investment of $758 million. Shanghai is ranked 14th globally and second in Asia with investments of $510 million. Mumbai and Bangalore were ranked 15th and 17th in the world respectively.

Source: inews.qq.com

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Keywords: Beijing venture capital Shanghai startups Beijing startups