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Laxman Pai, Opalesque Asia: The US continues to lead the world in tech investment for another year. In 2019, GBP81.9bn ($99.3bn) was raised by US tech companies. China closely follows for total investment at £32.2bn, and then the UK at £10.1bn, revealed a study.
According to Tech Nation Report, investment into UK tech companies rose by 44% from 2018, however, investment dropped by 20% in the US from 2018, and in China investment dropped by 65%.
London was the leading European city for investment in emerging technology at £4bn between 2015 and 2019. Beijing and Shanghai led in Asia for investment into emerging technology at £10bn and £2bn respectively.
San Francisco led globally with the city attracting £16bn of VC investment into emerging technology from 2015 to 2019.
Half of the Asian tech investments goes to AI
Almost half of the total investment in Asia was made towards AI development at £15.56bn.
Tech investment made into Beijing (accounting for 38% of all VC investment in Asia) focussed on AI development, robotics, and cybersecurity, while in Shanghai (accounting for 9% of total Asian tech investment) it focussed solely on AI development.
In Singapore (5%) investment focussed on AI and blockchain, in Tokyo (3%) investment focused on robotics and in Seoul (2%) investment focussed on AI and blockchain. Ho Chi Minh City (2%) received investment only for blockchain technology development.
£4.9bn was invested into UK tech companies by the U...................... To view our full article Click here
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