China-US: Xi Jinping Backs New Generation Of Startups In Tech War – Bloomberg

Beijing is giving special government support to thousands of startups working on strategically important sectors
Source: ForwardX Robotics
In today’s China, behemoths like Alibaba Group Holding Ltd. and Tencent Holdings Ltd. are out of favor, but “little giants” are on the rise.
That’s the designation for a new generation of startups that have been selected under an ambitious government program aimed at fostering a technology industry that can compete with Silicon Valley. These often-obscure companies have demonstrated they’re doing something innovative and unique, and they’re targeting strategically important sectors like robotics, quantum computing and semiconductors.