"2015 was a big year for startups in China. Everyone knows that. VC money was coming fast and easy – so easy that VCs were literally trying to convince people with jobs at China’s top tech companies to quit and do startups. And until the cracks started showing with the summer stock market crash, China’s economy was growing like a weed, too. It was a good time to found a startup, especially a tech startup. So just how startup crazy did China go?
According to state media, an average of 12,000 new companies were registered each day in China last year. Of course, not all of those were new tech startups, but the tech and internet sectors were among the hottest in a year that saw more than 4 million new companies hit the books in China."
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