China’s ‘tech juggernaut’ is just starting while it already dominates in tech space

Sunday 27th October 2019 - 18:25

China’s ‘tech juggernaut’ is just starting while it already dominates in tech space

 China has now more millionaires and unicorns than the US and the tech sector may be the next sphere where Beijing can leave Washington behind .

Most people would assume that the number one city in the world to host tech start-ups is San Francisco, but Beijing was recently ranked as the world’s unicorn capital – 27 firms ahead of Silicon Valley. China is home to 206 unicorns (start-ups valued at more than $1 billion), while the US has a total of 203.