The business of government surveillance in China might boost some tech firms, especially those dealing with artificial intelligence, a Credit Suisse analyst said.
The business of government surveillance in China might spawn the rise of a new growth area, a Credit Suisse analyst said on Tuesday.
Currently, almost half of the so-called"unicorn" startups in China — those valued at $1 billion or more — are consumer goods companies making use of existing technology. In the U.S., most unicorns are driven by new innovation through research and development. "For example, quite a lot of AI companies in China, their biggest business is public surveillance type ; that could be another area you could see rising," Chan told CNBC at the Credit Suisse Asian investment Conference in Hong Kong.
Many Chinese tech firms choose to list in the U.S. However, with the Shanghai Stock Exchange set to launch a Nasdaq-style"technology innovation board" in the coming months, many big consumer firms might consider dual listings, said Chan.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Brazil overtakes China in consumer sentiment, according to Credit Suisse surveyBrazil has overtaken China in terms of consumer sentiment, as the world's second-largest economy slows and spending intention on big ticket items decline, a Credit Suisse survey shows.
Read more »
China birth rates fall in several regions in 2018: China DailyChina's birth rate in several regions, including the capital Beijing, fell ...
Read more »
China rescuers pull survivor from blast rubble as death toll risesRescuers pulled a survivor from rubble early on Saturday in the wake of a massiv...
Read more »
China confident of achieving key 2019 economic targets, vice premier saysChina's economy may face a more challenging environment this year but the g...
Read more »
U.S.-China trade war poses biggest risk to global stability: IMF's LiptonThe U.S.-China trade war poses the biggest risk to global stability and fiscal s...
Read more »
Exclusive: IADB cancels China meeting after Beijing bars Venezuela representativeThe Inter-American Development Bank on Friday called off next week's meetin...
Read more »
China can speed up financial sector opening, official saysChina can speed up the opening of its financial sector if the United States is u...
Read more »
26 killed, dozens injured after fire on tour bus in ChinaA fire on a tour bus traveling along a highway in central China has left 26 people dead and as many as 30 injured, local authorities said.
Read more »
Mark Mobius: A different outcome in Mueller report could have emboldened China in US trade warChina probably realizes it would be difficult to impeach Trump,' the co-founder of Mobius Capital Partners says.
Read more »
Local officials say 26 killed, 28 injured in China bus fireBEIJING (AP) — Local authorities say 26 people have been killed and 28 injured after a tour bus caught fire on a highway in central China's Hunan province. The provincial spokesman's office...
Read more »