Silicon Bund: How Shanghai Became the World's Most Unexpected Tech Innovation Capital by 2025 SECTION 1: THE RISE OF SHANGHAI TECH1. Startup Explosion:- 18,000 new tech startups registered in 2024 (42% YoY growth)- Unicorn count reaches 78, second only to Silicon Valley- Specialized incubators in AI, biotech and green energy2. Research Comm