She Loves Tech co-founder Rhea See said: "We have witnessed this trend reflected from the 3,000 startup applications we received this year with the three most popular verticals being healthcare, education and social impact."
Shanghai has seen an increase in entrepreneurship. About 2.2 million firms were registered in Shanghai by the end of 2019. About 367,620 new firms were set up in the year, growing by about 8 percent annually. There are currently more than 2.5 million market entities in Shanghai, which means that one in every 10 people in Shanghai is a business owner. Statistics from the municipal government showed that Shanghai attracted 6,168 new foreign investment projects from February to November in 2019, which was more than 33 percent up year-on-year. At least .8 billion in new foreign investment was in place during the monitored period, up 10 percent from a year earlier, and Shanghai has largely improved administrative efficiency, the World Bank said. The city made it easier to do business by setting up the nation's first "single window portal", integrating city-wide cross-agency government services through block chain, big data and other digital technologies.
Shao Jun, chairman of DT Capital Partners, said that domestic Chinese investors will for the first time benefit from the exponential growth of the industry leaders in the technology area.
Shanghai authorities are carrying out citywide safety inspections at all public venues following two accidents that took place within a month.
Share prices of Chinese mainland detergent maker Blue Moon Group Holdings Ltd, which raised nearly HK.8 billion (.2 billion) from an initial public offering on the Hong Kong stock exchange on Wednesday, rose by nearly 13.07 percent.
Shares of Tesla soared 10.99 percent to close at 379.57 US dollars per share on Tuesday.
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Shale gas output jumped 50.4 percent year on year to reach 1.15 billion cubic meters in March, according to National Bureau of Statistics data Monday.
Shared transportation platform Hellobike announced on Wednesday the establishment of an electric bicycle battery company with a major battery maker and a financial technology firm.
Shanghai implemented its domestic waste management regulations on July 1.
Shanxi's fight against cultural relic crimes is just one case of China's efforts to preserve cultural heritage in recent years.