China Finds Gems in Canadian Tech as Free Trade Talks Stumble
- Tencent, BYD, Huawei ramping up investments in AI, autos
- U.S. political tensions makes Canada more welcome alternative
Justin Trudeau films a motion capture scene during a visit to the Electronic Arts Canada lab in Burnaby, British Columbia.
Photographer: Ben Nelms/BloombergThis article is for subscribers only.
Free trade talks between Canada and China may have yet to achieve lift off. Tell that to technology sector.
China tech giants including Tencent Holdings Ltd. and Huawei Technologies Co. are boosting investment in Canadian companies with exposure to everything from electric vehicles to artificial intelligence, attracted by the country’s swelling ranks of science and technology graduates, valuations that are cheaper than the U.S., and government enticements.