GOLDMAN SACHS: Chinese tech giants are dominating North America in VC funding for the first time, and it could be the start of an unprecedented boom (BABA, BIDU, JD)

pulse 14:22 - 09 September 2018

Chinese companies outpaced their American rivals in funding startups for the first time even as the country’s economy shows signs of slowing down.

Chinese companies outpaced their American counterparts in venture-capital funding for the first time during the second quarter, according to Goldman Sachs.
Tech giants and Softbank contributed the most to this milestone.
According to Goldman's analysts, Chinese tech giants including Alibaba and Baidu are creating ecosystems with unprecedented influence to develop new technologies and business models.
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Chinese companies have outpaced their North American rivals in funding startups for the first time — even as the country's economy shows signs of slowing down.