Dropping close to USD $90B between 2005-2016, this country is leading tech investments in Latin America. Which country is it, and what’s their interest?
Historically, Latin America has looked at Silicon Valley for investments. Over the past ten years, this seems to have changed. China has been at the forefront of investing and reaping the benefits of Latin America’s tech boom.
What makes Chinese investments a catch? Currently, Latin America is trying to solve tech problems China was tackling 10 years ago. This made it easier to convince and convert investor interest irrespective of the language barrier. In 2017, Chinese were the largest investors comprising 24% of funding in the region.