Feimalv has startup support zones located in about 10 cities, and they actively seek to gather talented entrepreneurs for five major industries including online products, digital business service and vertical online financing service. These zones create communities for newly emerging enterprises, regardless of whether Feimalv owns a stake in them, so that they can help one another develop through an exchange of innovative ideas.

"We are not just a hackerspace or an incubator, but a comprehensive system which offers industrial chain resources for startups to bring their ideas to life," said Yuan.

"We don't expect university graduates to produce extraordinary outcomes, but we need them to have the desire to create things. Having such an attitude will have a great impact on the future generation."

In addition to the enterprise services provided by Feimalv, Yuan, who is in his early 50s also operates a charity program called "Black Apple", which was founded in 2010. It offers aspiring entrepreneurs between 4,000 and 14,000 yuan ($608 and 2,130) for each project to run their businesses from scratch.

The latest move Feimalv has taken to help entrepreneurs involves entering the Hongqiao business region in December 2015 to gather and develop cultural and leisure businesses within a 100,000-square-meter space. Feimalv has also cooperated with overseas entrepreneur clubs from 100 universities to establish a global network. The target is to have such spaces opened in 12 cities in 2016 and 30 cities in 2017, connecting all these businesses with shared resources, technologies and knowledge.

"We are keen to unite the innovative technologies from overseas with startups here so that our university graduates have better resources to kick start their businesses," he said.

"Starting up a business is a challenge to young graduates to find a solution to the intense competition in the job market here in China. If they can get excited by running their own company, they will surely go forth and fight to make it successful. On the other hand, if they lose interest in managing their own businesses, then at least they know they won't have any regrets about finding a job and working for someone," added Yuan.