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Technology

Taiwan's millennial entrepreneurs cool on mainland China

Ineffective incentives lead more to think twice before crossing strait

Winners of a contest for startup projects last May: Establishing the groundwork for entrepreneurs to flourish is crucial in Taiwan.  (Photo by Shuhei Yamada) (Photo by Shuhei Yamada)

TAIPEI -- Taiwan's entrepreneurs appear to have lost interest in starting businesses in mainland China in recent years, as promises of generous government support made by Beijing have reportedly failed to pan out.

"The mainland touts all these incentives, but we didn't see a big benefit in real life," said a Taiwanese man who launched a business in Shenzhen.

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