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Hackathon Economics: Nearly 500 Events in China in the First Half of 2026, Costs Ranging from 20,000 to 1.2 Million Yuan

In the first half of 2026, China held nearly 500 hackathons, averaging 2-3 per day, with the cost per event ranging from 20,000 yuan to 1.2 million yuan. Organizers find it difficult to profit directly and rely mainly on government subsidies and corporate sponsorship; companies mostly participate for recruitment and product promotion, and fewer than 10% are willing to provide cash sponsorship.

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