SHENZHEN -- A "digital innovation service center" in downtown Shenzhen, a sprawling tech hub in southern China, was designed to cater to the local startup scene. A poster in the office promises legal, recruitment and other help for "advanced enterprises in the digital content industry" looking to gain a foothold in the Greater Bay Area, an economic cluster encompassing Shenzhen and its neighboring cities, as well as Hong Kong and Macao.
Investment capital is harder to come by for would-be entrepreneurs in China as the government turns its focus to technologies and industries it sees as strategic, requiring a more state-led approach. (Illustration by Yoshiko Kawano)
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