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China's edge in the tech race is vast amounts of data

Dec 3, 2018 by The Passage Team
China's edge in the tech race is vast amounts of data

Just over 1.4 billion people live in China. That's a fifth of the world's population and four times as many people as the United States. A vast number of them are sharing medical records, paying for meals and accessing bank accounts through technology on a daily basis, on scale not seen in Europe or the US.

China's edge in the tech race is vast amounts of data and, more importantly, the willingness of its public to share it. "China is so interesting because there is so much data," said Edith Yeung, head of 500 Startups' China unit.

"I think there are a lot of Chinese citizens really proud of the fact that we're actually big enough to even be able to compete with the U.S. in terms of AI. And I think it is just a really exciting time to be in China."

Source: CNBC

The Passage Team

The Passage is committed to creating in-depth content over technology industry across Asia with a focus on emerging startups in the technology, healthcare, education, food, tech, travel & mobility segments.

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