BEIJING/TOKYO -- Beijing already boasts one "Silicon Valley of China." Now, the city is getting another, as generous government support and a deep talent pool help turn the Chaoyang district into a startup hotbed.
The district, which is also a center of foreign businesses and embassies in the city, was home to eight of Beijing's top 20 unicorns, privately held companies each valued over $1 billion, as of the end of September, according to tech news and data portal 36Kr.
