According to CB Insights, there are 41 fintech unicorns valued in aggregate at US $154.1 billion. This includes 25 US-based startups, 8 based in Asian, and the remaining 8 split between Europe, Australia, and South America.
Chinese big tech giants including Alibaba, Tencent, JD.com, and Baidu are regarded to be highly innovative and successful companies. So what drives innovation success in China?