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China’s high-tech startup ecosystem is undergoing a profound structural evolution, shifting away from business-model innovation and traffic-driven growth toward hardware-centric “hard tech” infrastructure. By establishing tightly integrated regional tech hubs and state-backed financing pipelines, China is challenging Western technology dominance through sheer scale, computational depth, and specialized industrial deployment. A pair of comprehensive studies released this week, the National Research Report on Unicorn Enterprises published by the Economic Information Daily and the Beijing Artificial Intelligence Innovation Index, highlight China’s changing domestic technology landscape. According to the data, China hosts 416 unicorn companies with a aggregate valuation of approximately $1.6 trillion,…
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