Chinese startups increase R&D investments and patent holdings, boosting corporate innovation amid global competition.

Chinese startups like Narwal Robotics and United Imaging Healthcare are significantly boosting their research and development investments, enhancing corporate innovation. Despite competition from global giants, Narwal's overseas revenue surged nearly 7.5 times year-on-year. By 2023, China had 427,000 companies with valid invention patents, with domestic firms holding 71.2% of them, reflecting a broader trend of increased R&D focus among Chinese enterprises.

October 28, 2024
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