Kicky : Chinese FDI in the U.S. Just Fell 92 Percent
"China?s tech industry is exploding. Last year, gross output value of Chinese tech firms hit 20 trillion yuan, or about $3 trillion, for the first time ever. Nine of the world?s 20 biggest tech firms now call China home, beginning with Alibaba (NYSE:BABA), valued at half a trillion dollars. And for the past several years, China has filed far more patent applications than the U.S. on an annual basis. (I should point out, though, that the U.S. still has more patents overall, having just issued patent number 10 million.)
The Asian country, in fact, has more unicorns - or startups worth $1 billion or more - than any other nation on earth. Chinese unicorns account for more than half of the global total and 66 percent in terms of valuation, according to the World Economic Forum (WEF).
Just look at the top 10 Chinese unicorns