“Every industry will experience the Gartner Hype Cycle, which includes the innovation trigger, peak of inflated expectation, disillusionment, slope of enlightenment and then plateau of productivity. As China is 3 to 5 years ahead of many Belt-and-Road countries in many internet businesses, there are opportunities for both Chinese companies and startups in Belt-and-Road countries to grow together. Chinese companies can maintain the growth momentum as they expand overseas, while their foreign partners could scale up quickly as they stand on the shoulders of giants,” said YAO Jincheng at Belt and Road Innovation Conference on Friday.
YAO Jincheng is the founder of China’s co-working space AtWork. The startup kicked off an accelerator program on Friday dedicated to startups in Belt-and-Road countries.