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