China has now more millionaires and unicorns than the US and the tech sector may be the next sphere where Beijing can leave Washington behind, investor Dan Collins told Max Keiser. Most people would assume that the number one city in the world to host tech start-ups is San Francisco, but Beijing was recently ranked as the world’s unicorn capital – 27 firms ahead of Silicon Valley. China is home to 206 unicorns (start-ups valued at more than $1 billion), while the US has a total of 203. “There are Chinese cities outpacing the UK in innovation,” Collins, who lived in China for 20 years befo
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