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The global tech hubbub: Why it's no longer Silicon Valley or bust

4 10 7

Whether we're talking about political, economic or social change, no development has had as big an impact on global society as tech. It is a sector that impacts every aspect of our lives.

Political campaigns are fought and won on social media. Huge advances in artificial intelligence mean we now work alongside robots. Transportation has never been as easy and seamless thanks to innovative solutions in the palm of our hand.

So much of this early progress emerged from Silicon Valley, the small stretch of land in Northern California that runs from San Jose to Palo Alto.

While its heart remains in San Francisco, today's tech industry now reaches across the globe. Tech hubs have emerged in all corners of the world, and rather than competing with the Valley, these new hubs are creating innovation on a global scale.

Of the world's top five 'unicorns', three are companies less familiar to many in the West: Didi Chuxing, Xiaomi, Meituan Diaping. All of them come from China.

The Far East was historically a hub for manufacturing and electronics, but we are now seeing scaling companies and mass innovation at a rate never seen before. The adoption rate for fintech in China is estimated to be as high........

© International Business Times