People line up for Covid-19 testing in Guangzhou, Guangdong Province. China’s health care sector was a hot spot for start-up funding in 2021. Photo: Xinhua
People line up for Covid-19 testing in Guangzhou, Guangdong Province. China’s health care sector was a hot spot for start-up funding in 2021. Photo: Xinhua
Start-ups

China technology funding hits record high on boom in semiconductors, health care amid tech war, Covid-19

  • Start-ups involved in semiconductors, the core components that are in short supply globally, raised US$22.5 billion last year across 501 deals in China
  • The education technology sector, which enjoyed a boom when Covid-19 lockdowns popularised remote schooling in 2020, raised only US$3.3 billion in 2021

People line up for Covid-19 testing in Guangzhou, Guangdong Province. China’s health care sector was a hot spot for start-up funding in 2021. Photo: Xinhua
People line up for Covid-19 testing in Guangzhou, Guangdong Province. China’s health care sector was a hot spot for start-up funding in 2021. Photo: Xinhua
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