Chinese Tech's New Scientists' Era: Researchers Move to the Center of Power and Capital

Source: Pandaily·2026-09-01 12:41Publish time unverified

On August 12, Lin Junyang announced on X the founding of Pragmatik Labs in Shanghai, aimed at next-generation agents, with backing from Gaorong Ventures, HSG, and Tencent at a reported $2 billion valuation. He is one example of a broader shift: researchers are returning to the center of China's technology industry.