Meet China’s First Biotech Unicorn

Why did Wang Jun, CEO of one of the world’s largest DNA sequencing companies, leave to join an artificial intelligence startup? Simple: to start something even more ambitious. Rebecca Tan | July 19, 2016 | Print AsianScientist (Jul. 19 2016) – In 2010, the biotech world sat up and took notice when a private Chinese company made a purchase on an unprecedented scale—128 state-of-the-art DNA sequencers at the price tag of US$690,000 apiece. The order, supported by a US$1.58 billion line of credit from the China Development Bank, gave a single institution more sequencing capacity than all the universities, research institutes and companies in the US combined. The message was unmistakable: BGI has arrived and is to be taken seriously. But confidence and thinking big has always been a part…

Link to Full Article: Meet China’s First Biotech Unicorn

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