China
China lags far behind the US in producing genuine hi-tech unicorns in artificial intelligence, robotics and biotech as it is still paying catch-up in scientific research, according to Credit Suisse.
In a report released on Tuesday titled “China Unicorns, Preparing To Gallop”, Credit Suisse said that although China accounted for nearly one third of the world’s 326 start-ups valued at US$1bil (RM4bil) or more, its share of unicorns in sectors requiring more advanced scientific research capability such as artificial intelligence (AI), big data, robotics and software was just 14%, compared to 40% in the US.
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