The Create@ Startup Contest was first held in 2015, as a series of contests for global entrepreneurs sponsored by the Alibaba Group. This is a competition among the best startup entrepreneurs in the technology field, sponsored by the Alibaba Innovation Center (AIC), in collaboration with international media, venture capital investors, partners and business leaders from around the world. From 8 china domestic contest divisions in 2015, to 17 divisions in 2016 (9 from domestic china, 8 from overseas) to 25 divisions in 2017 (13 domestic divisions, 12 overseas), involving 13 international regions and areas, covering more than 40 domestic city in China and oversea cities, more than 9000 teams participated the contests . In 2017, 65 teams entered the final competitions, 45 teams went to Shanghai to join the global final, they are all the top teams before A round, with the largest valuation exceeding $390 million. The total value of the 45 teams is close to $5 billion. Within three months after the competition, 4 of the teams got the next round of financing, one of which was 200 million RMB, besides, there’re 10 teams financing in-depth communication. Over the next year, it is forecasted that more than 50% of the teams are expected to finance the next round.