Tech war: China’s chip industry becomes key breeding ground for unicorns, report says

Quick Summary:

As start-up funding dwindles, investments are concentrated in a few unicorns, such as those in the integrated circuit sector.

Unicorns are no longer concentrated only in first-tier cities like Shanghai.

Most of it came from renminbi funds.

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Article Details

Author / Journalist: Wency Chen

Category: Business

Markets: Hong KongChina

Topics: 2021 Report Unicorns China’s China Start-ups According 2022 Years Cent Fundraising

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 18:30:12 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 258 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22423060

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