Education is China’s secret weapon for tech dominance

37 percent of edtech funding deals, representing $1.07 billion, were made in China-based edtech companies in 2015, up from 18 percent in 2014. These are companies teaching software development and other technology disciplines. Assuming the trend from 2013 to 2015 remains steady, in my estimation based on the percentages, China will take the top spot in 2016 — ahead of the US — and will be the country to receive the biggest investment in education startups around the world.

As China is rapidly switching from a manufacturing economy to a services-based one, the government is aggressively investing in performing the switch and recently announced a state-owned $30 billion VC fund to invest in startups. The city of Hangzhou, for example, plans to host 30,000 startups by 2020.Therefore qualified talent will become mandatory to power the machine.

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