Dream Town, an incubator for 710 startups that was built by the government of Alibaba hometown Hangzhou, shows how China is trying to fuel tech growth
HANGZHOU, China — In Dream Town, a collection of boxy office buildings on the gritty edge of this historic city, one tiny company is developing a portable 3-D printer. Tweets: @mdudas , @nytimesbits , @cnbc , @skupor and @paulg Tweets: Mike Dudas / @mdudas : “Just one city, Suzhou, near Shanghai, has announced it will open 300 incubators by 2020 to house 30,000 start-ups.” http://www.nytimes.com/... NYTimes Bits / @nytimesbits : Heavy government spending on start-ups is adding to worries about an inflating bubble in China's tiniest companies. http://www.nytimes.com/... @cnbc : China foments its own start-up boom with cash handouts, subsidized rent http://www.cnbc.com/... Scott Kupor / @skupor : “Without quantity, you cannot have quality.” The role of government subsidies in Hangzhou http://www.nytimes.com/... Paul Graham / @paulg : A lot of these tactics are mistaken, but they show China cares about startups in a way the US does not. http://www.nytimes.com/...