EconomyChina Focus: Chinese students return from abroad with startup fever

China Focus: Chinese students return from abroad with startup fever

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Li Huiyu gave up a chance to work for one of America’s leading genomics companies, instead returning to China to work for a startup in 2017, the same year he graduated from Stanford University’s engineering school.

“I like new challenges, responsibility and leading a team forward,” Li said.

“I hope what I learned can contribute to my country,” Li said.

He noticed computer science was popular among school children in the United States.

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His team, Mobby iCode, now aims to provide high-quality coding courses to children in China.

The experience of studying abroad appears to give Chinese students a more open-minded attitude about startups, according to a survey published earlier this week.

While only 9 percent of those who had yet to study overseas planned to start a business, the number grew significantly to 49 percent among those who had completed overseas courses, according to the survey.

Sun Haotian, also a Stanford graduate, is another example. “Before I studied overseas, my plan was to simply complete a doctorate, which might make my job search easier,” said Sun.

“However, a course on entrepreneurship in civil and environmental engineering prompted me to think about joining a start-up,” Sun said.

Sun quit a position with an investment company and joined Laiye, a mobile Internet platform that helps with ordering cabs, food, hotels, air tickets and housekeeping.

Rich knowledge and broader horizons are believed to have contributed to the change in attitudes.

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However, some noted that it was the amicable environment for entrepreneurship in China that helped them make the decision to return.

“I tried to operate a start-up as early as my years at Berkeley. It was not successful, but I learned an important lesson,” said Mark Ma, a graduate of the University of California at Berkeley.

Speaking of his decision to return, Ma said he values China’s detail-oriented work environment.

Li Zeyang graduated with his bachelor’s degree in computer science at Carnegie Mellon University and continued his studies at Stanford University.

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“Before leaving for the United States, I was planning to find a job there and work as an engineer,” said Li. He interned at several leading U.S. companies before making the decision to return to China. He later co-founded the mobile game company Chilly Room.

“My experiences at Stanford inspired me,” Li said, adding that working overseas as an engineer would not offer him enough of a voice in decision-making.

“There are many more opportunities back in China,” he said.

Source: Xinhua

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