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
Topic |   China economy

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Ilustration: SCMP
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Peggy Sito

Peggy Sito

Peggy Sito is the deputy business editor at the Post. She was previously editor on the property desk and has won various news awards from the Hong Kong Consumer Council, the Newspaper Society of Hong Kong and the Society of Publishers in Asia.

Daniel Ren

Daniel Ren

Daniel Ren is the SCMP's Shanghai bureau chief. A Shanghai native, Daniel joined the SCMP in 2007 as a Business reporter.