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How to make it big in Xi Jinping’s China
A look at the country’s most valuable start-ups
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The Economist has analysed the changing mix of China’s most highly valued start-ups over the past five years.
PHOTO: AFP
The Economist
Greater Bay Technology’s transformation into a mythical beast has been speedy.
The start-up, which specialises in super-fast lithium battery charging, was launched in late 2020. Only 19 months later, it had reached a valuation of US$1 billion (S$1.3 billion), making it a unicorn (that is, an unlisted firm valued at or above that amount).
