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Young Chinese entrepreneurship on the rise in Japan

#Market Insight

Young Chinese and Chinese-descended entrepreneurs are becoming increasingly active participants in Japan’s startup sector, leveraging Japanese manufacturing skills alongside their social connections in the greater China region to start new businesses and drive innovation.

The trend is being fueled by increased support for startups in Japan, where Chinese immigrants can leverage their relationships and experience within Japan while avoiding the stiff competition back in China.

Prompted by an increase in the number of Chinese people becoming entrepreneurs in Japan, the Chinese Chamber of Commerce in Japan held its first Japanese startup business contest in September last year.

Last December, entrepreneurs with roots in China held a symposium that attracted some 100 attendees.

“The innovative power of Chinese entrepreneurs will be indispensable for revitalizing the Japanese economy,” said Hideo Natsume, the 27-year-old organizer of the event.

Source : https://www.japantimes.co.jp/news/2023/06/27/business/chinese-new-businesses/

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