China Money Network today announced a groundbreaking research on China's artificial intelligence industry: China AI Top 50 ranking. China Money Network unveiled the much anticipated ranking today during a press conference held at the Annual Meeting of the New Champions at the World Economic Forum in Tianjin, China.
China Money Network’s China Government Fund Ranking includes the largest Chinese government guidance funds, which are in fact fund-of-funds, along with what we call government policy funds, a type of government-backed fund that conducts direct investments to support a particular policy initiative. They are ranked according to the size of their target fundraising total, rather than actual capital already committed. As most of the funds are still in the process of being established in phases, it is unclear what their ultimate size will be. At the same time, publicly available information on government funds is incomplete and often vague. The list should be read with these caveats in mind.
China Money Network’s China Unicorn Ranking is the most comprehensive and updated list of all private tech companies valued at US$1 billion or more in China. China, with its incredible rise of private capital and the nation’s determination to lead in technology innovation, boasts the largest unicorn herd in the world — even bigger and higher valued than the group in the U.S.
Think of China as the world's factory no more. The Middle Kingdom has been rising in technological sophistication at light speed in recent years, fueled by top-down policy encouragement and venture capital funding. Ten years from now the world's second biggest economy - though China should already be the world's...