TOKYO -- Chinese tech leaders, such as e-commerce provider Alibaba Group Holding, are rapidly closing in on their bigger U.S. counterparts when it comes to innovative potential, according to an index published by Nikkei and Hitotsubashi University in Tokyo.
Business trends
Alibaba and Tencent in hot pursuit of US in innovation potential
Nikkei-Hitotsubashi survey finds Chinese outpacing Americans in R&D spending
Alibaba Group Holding boosted research and development spending by 470% over five years. © Reuters
Read Next
Latest on Business trends
