Ilustration: SCMP
China’s car parking problem spawns start-ups with big money backers as AI dominance grows
- China’s rise as an economic powerhouse is giving its population a passport to financial success while spawning a host of businesses seeking to profit from the shortage of parking spaces in the world’s biggest car market
- Rising car ownership, market deregulation and technology enhancements could fuel years of growth, says Qiqi Zhang, managing director of Warburg Pincus in China
Follow your favourite topic and get notified
Ilustration: SCMP