Capital reaps rich harvest with tech startups

Beijing boasts the world's second-largest number of most valuable tech startups, showcasing its advance in the sector.

The number of so-called unicorn companies - tech startups valued at more than $1 billion each - has reached 40, second to Silicon Valley in the United States.

This is according to the Zhongguancun Unicorn List released on Monday by the Great Wall Enterprise Institute, a research house in the capital.