I remember The Economist doing a piece on this fairly recently[0] that talked exclusively about how China's tech VCs and established corporations (referring to the likes of Alibaba/Tencent) are challenging (and to a certain extent dethroning) Silicon Valley "monopoly" when it comes to investing in innovation/R&D in super critical areas like A.I., for example.
One huge advantage Chinese corporations and startups have is China's super lax (non-existent, in fact) privacy and data protection laws -- enabling their companies to harvest ENORMOUS amounts of data to hone their A.I. algorithms on -- making them super attractive for investors.
Add to this China's culture of scientific inquiry, rampant IP theft from American and European corporations and startups alike, a stable administration that has made technological advancement it's razer sharp focus -- you have the perfect recipe for VCs' fund to start flowing on to the next big thing with relatively fewer barriers.
One huge advantage Chinese corporations and startups have is China's super lax (non-existent, in fact) privacy and data protection laws -- enabling their companies to harvest ENORMOUS amounts of data to hone their A.I. algorithms on -- making them super attractive for investors.
Add to this China's culture of scientific inquiry, rampant IP theft from American and European corporations and startups alike, a stable administration that has made technological advancement it's razer sharp focus -- you have the perfect recipe for VCs' fund to start flowing on to the next big thing with relatively fewer barriers.
[0] https://www.economist.com/news/business/21737075-silicon-val...