Financing startups: Chinese and Russian experience
https://doi.org/10.46554/1993-0453-2026-5-259-168-177
Abstract
The article presents some aspects of the situation with the startup ecosystem in the Russian Federation and the People's Republic of China. They mainly concern the development of infrastructure and the use of certain sources and tools for financing startups in the modern economies of both countries. The author notes there is no regulatory legal act in Russia and China to define a startup as a business entity. However, the analysis for the scientific literature on economics and management suggests the concept of a startup is similarly interpreted in both countries. China's innovative practices are being worldwide observed with great attention and interest mainly due to the rapid transformation of the Chinese economy into an innovative one. Startups play a significant role in this transformation. The author highlights the requirement of significant financial investments in innovative activities in general and the creation and development of startups in particular. The comparative analysis for the sources and tools for financing startups in Russia and China has led to the conclusion there are different approaches to financing startups, and the advantages and disadvantages of these approaches have been identified. The author has proposed possible ways to apply the Chinese experience of financing and developing startups in Russia.
About the Author
O. G. Sofuev
University of the Humanities
Russian Federation
Russian Federation
Orhan G. Sofuev - postgraduate student
Yekaterinburg
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Review
For citations:
Sofuev O.G. Financing startups: Chinese and Russian experience. Vestnik of Samara State University of Economics. 2026;(5):168-177. (In Russ.) https://doi.org/10.46554/1993-0453-2026-5-259-168-177
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