Once the world’s manufacturing giant, China is poised to take the lead in innovation next.
In 2017, 15 Chinese companies reached a one billion dollar valuation, what is called unicorn status, giving China 30 percent of last year’s new unicorn companies.
From taking the lead in space technology to solid growth in its booming smartphone sector, what’s next for China as it innovates towards the future?
To discuss all of this:
- Xiaochen Zhang is president of FinTech4Good.
- David Li is executive director at Shenzhen Open Innovation Lab.
- Rui Ma is an entrepreneur and contributor to pandaily.com.
- Cyriac Roeding is a Silicon Valley based entrepreneur and venture capitalist.
China's spending on research and development (R&D) grew faster, up 11.6 pct y-o-y to 280 bln USD in 2017 as the country continues to push for innovation-driven development https://t.co/utLPxj9z00 pic.twitter.com/R418UVhQRV
— China Xinhua News (@XHNews) February 13, 2018
In 2017 15 Chinese startups reached unicorn status which effectively means that 30% of the world’s billion-dollar companies were created in China last year. https://t.co/qEoE8Bfner
— Dr Eliza Filby (@ElizaFilby) February 13, 2018