The number of Chinese "unicorns" is rising. Especially in the Greater Bay Area of the Pearl River Delta, highly valued start-ups find a thriving ecosystem. The US is still far ahead in the number of unicorns. However, China is catching up in leaps and bounds.
By Frank Sieren
Beijing's action against Didi appears to be just the beginning of a wider campaign to seize control of China's thriving tech sector. China's tech entrepreneurs are in for a rude awakening. Meanwhile, Washington's worries may have unfounded. The Chinese government seems to be doing everything in its power to lose its tech race with the US.
By Redaktion Table
The crackdown on ride-hailing service Didi Chuxing by Chinese authorities has had consequences: several Chinese companies have canceled their IPOs in New York. China's government is making the clear statement that it wants more IPOs in Hong Kong instead.
By Redaktion Table
The stock exchange in China is divided among three exchanges on the mainland (Shanghai, Shenzhen and Beijing) and one in the Hongkong Special Administrative Region: - Shanghai Stock Exchange (SSE) was established in 1990 and is the fourth largest stock exchange in the world. It is considered the birthplace of securities trading in China. Thus, it is the most important stock exchange in mainland China. - Shenzhen Stock Exchange (SZSE) was also established in 1990 and is the second largest stock exchange in mainland China. - The Hongkong Stock Exchange has been an integral part of the international financial markets for decades. It is the third largest Asian stock exchange after Tokyo and Shanghai and the seventh largest in the world. In contrast, the Shanghai and Shenzhen stock exchanges have comparatively weaker links with foreign countries. - In 2021, the fourth stock exchange in China and the third on the Chinese mainland was opened: the Beijing Stock Exchange. The Beijing Stock Exchange is to become the number one stock exchange for medium-sized technology and industrial companies. Internationally, it is initially to play a secondary role, but in China it is to be all the more important. Stock exchange in China: From IPOs to economic & development to stocks & investments - China stock exchange news up to date from Table.Redaktion.
