Sinocities

CITY REPORT: Hefei 合肥 - Local state as venture capitalist (opens in new tab)

Covered by scsp222.substack.comDiscussed on Substack

“Unique aspects of Hefei’s approach includes aggressive efforts to woo high-tech companies and take direct ownership stakes, which is premised on that company making a significant investment in Hefei, followed by the government selling its stake at a later time.”

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scsp222.substack.com·
Discussed on Substack
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