How to make it big in Xi Jinping’s China

A look at the country’s most valuable start-ups

The Economist has analysed the changing mix of China’s most highly valued start-ups over the past five years. PHOTO: AFP
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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).

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