China's state-linked investors backed 30% of top startup deals

Beijing competing with Washington for tech supremacy

20220119 China DSA

Sectors such as renewable energy and clean tech are benefiting from the Chinese government's latest push to boost startup funding. © Reuters

EUDORA WANG, DealStreetAsia

HONG KONG -- China's state-linked investors have emerged as front-runners in backing the country's top tech startups as Beijing continues its rivalry with Washington for tech supremacy.

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