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ChinaMoney & Wealth

Too much of a good thing? Chinese makerspace guru sees tough times ahead as competitors crowd in

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Established in 2011, 3W Coffee has become one of the most influential makerspaces in Zhongguancun. Photo: Simon Song
Phoenix Kwong

When Chinese Premier Li Keqiang dropped by Xu Dandan’s 3W Coffee spot in May, it was not just for a vanilla cappuccino but a real taste of what life is like for start-ups in the country’s technological hub.

The high-profile visit to Zhongguancun in the national capital was seen as a gesture of support for China’s ambitions for innovation and entrepreneurship. China’s leaders are promoting innovation in an attempt to reverse a slowdown in the economy and to promote restructuring.  

 While the premier’s visit was certainly a boost for 3W, Xu also sees hard days ahead as competition grows among makerspaces – many of them run by inexperienced and unprofessional players.

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Established in 2011, 3W Coffee was China’s first crowdfunded start-up cafe and has since evolved into a makerspace and meeting place for new firms and investors. Makerspaces are workshops for internet start-up entrepreneurs and 3W is one of the most successful in Beijing.

“The premier wanted to get a comprehensive and real picture of how start-ups were made, and that’s why he picked 3W,” Xu said.

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Xu said officials from the premier’s office visited Zhongguancun a couple of times in the weeks before the visit to sound out 3W and other start-up cafes.

He said Li was glad to see so many young people at 3W who embraced hopes and dreams.

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