Why is China’s tech talent flocking to web3 | Following the yuan

The Big Tech crackdown, layoffs, and growing disillusionment with work had prompted an exodus of talent from China’s tech industry. Will they find what they want?

Writer’s note 📝:

I was in Hong Kong last week for the Web3 Festival, where some start-ups happily shared that they’d add a new office or move to HK with the government funding as the region vows to become Asia’s crypto hub with Beijing’s blessing.

For the topic of talent exodus to web3 from tech industry, I admit that there’s more anecdotal evidence th…