How to make it big in Xi Jinping’s China

Greater bay technology’s transformation into a mythical beast has been speedy. The startup, which specialises in super-fast lithium-battery charging, was launched in late 2020. Only 19 months later it had reached a valuation of $1bn, making it a unicorn (ie, an unlisted firm valued at or above that amount). Such creatures are becoming far more common in China. Greater Bay joined a field of more than 300 of them in 2022, double the number…