US and China superpower race to lead the future of technology comes down to $6 billion

May 15, 2019

China’s venture investments rose to $105 billion in 2018, nearly matching the U.S. at $111 billion, according to Preqin data. Several factors have contributed to the trend. The Chinese government has grand ambitions to make China a tech superpower, such as its Made in China 2025 policy initiative for building national companies into high-tech champions, and its Internet Plus plan to power up the mobile Internet and the Internet of Things.