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Startups thrive with government subsidy

Updated: 2017-06-08

Guizhou Zhiqu Network Technology Co Ltd has become a famous mobile game services provider in an extremely short time. Their mobile game platform “Taoshouyou” has made more than 560 million yuan.

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Guizhou Zhiqu Network Technology Co Ltd plans to become the first listed IT company from Guizhou province. [Photo provided to chinadaily.com.cn]

“We could not have seen the unbelievable growth in just four years without the government subsidy when we started our business,” said Yang Peng, founder of the company. It plans to go public soon on the Growth Enterprise Market.

Guizhou Wensong Fermented Food Co Ltd, founded in 2015, works within the brewing and planting industry producing fruit wines. With the help of technology introduced by the local agricultural department, they initiated and promoted recycling economy mode integrating planting, processing and breeding.  

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Guizhou Wensong Fermented Food Co Ltd works within the brewing and planting industry producing fruit wine. [Photo provided to chinadaily.com.cn]

The company is building their own fruit wine production line which is expected to generate annual output of 1,000 tons and achieve an annual output value of more than 60 million yuan.