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american technology giants, such as microsoft, google, and amazon, play a role similar to that of "incubators." they lay the foundation for the development of technology companies by providing funding, platforms, application scenarios, and customers. the chinese government has become a substitute for the "incubator," especially in the two central cities of beijing and shanghai, where it has played a key role.

this pattern also reflects the differences in the economic systems and development models of the two countries. the united states is driven by a capitalist market and encourages rapid innovation and competition, while china focuses on national strategy and central planning and pursues holistic development. the differences between the two have led to different investment methods and entrepreneurial experiences.

in silicon valley, when technology companies are growing from "0 to 1", entrepreneurs need to have the technical ability to build a company from scratch and continuously iterate. entrepreneurial team members need to have strong execution capabilities and be able to quickly adapt to market changes.

the chinese market is undergoing a long-term development cycle, and investors are gradually becoming more meticulous and patient, shifting from short-term profits to long-term value, and from "speculation" to "layout."

during their growth process, startups need to rely on external support, such as government agencies, large enterprises, and investment institutions.

in recent years, china's technology market has experienced rapid growth, but it has also faced challenges, such as market fluctuations, policy changes, and funding cycles. as the market matures and improves, the chinese government will continue to increase its support for technological innovation and development, encourage more high-quality companies to grow and eventually form a new engine of economic growth.