"We have learned a lot from China in terms of fintech," Wood said on the CFA Institute webinar."In fact, I have to say, it opened our eyes in 2017 to see WeChat pay and Alipay, their mobile payments, exploding. I didn't believe the numbers when I saw them but it taught us how big that particular development was going to be for the developed world.
Specifically, Wood said China is progressing in varying degrees in the five innovation platforms that underpin Ark's investments — artificial intelligence, robotics, energy storage, DNA sequencing, and blockchain technology.had the lion's share of the market, with its machines having sequenced 90% of all the base pairs of DNA sequenced in the world, according to Wood.
Wood believes that the demographic forces in China, which skew toward an aging elderly population, are also bringing collaborative robots to the forefront.
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