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Asia Society
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Charting China's Digital Economy
 Asia Society and The McKinsey Global Institute, will share new research that shows China is already more digitized than many observers appreciate, and has the potential to set the world’s digital standard in coming decades. China has one of the most active digital investment and startup ecosystems in the world. The country is in the top three in the world for venture capital investment in key types of digital technology, including virtual reality, autonomous vehicles, 3-D printing, robotics, drones, and artificial inteligence. China is the world’s largest e-commerce market, accounting for over 40 percent of the value of worldwide e-commerce transactions, up from less than 1 percent about a decade ago. It has also become a major global force in mobile payments with 11 times the transaction value of the United States. One in three of the world’s 262 unicorns (startups valued at over $1 billion) is Chinese, commanding 43 percent of the global value of these companies.