Number of new and existing blockchain enterprises in China 2019-2021
In China in 2021, entrepreneurs established over 42 thousand new blockchain enterprises in addition to the 78 thousand already existing companies. Despite the government's crackdown on the cryptocurrency industry, Chinese startups such as VeChain, NEO, Ontology, and Bytom continue to thrive, thanks to a favorable regulatory environment and support from incubators, accelerators, and venture capital firms.