BGI, China’s biggest genetics company, offers genetic testing services around the world and did an IPO on the Shenzhen Stock Exchange in 2017. In 2016, the company recorded revenues of RMB 1.7 billion ($261 million), with a net profit of RMB 350 million ($54 million)–an increase of 28% over the previous year. However, in a country prone to market hype, there are those who view BGI’s dramatic stock performance with a dash of skepticism: The market valuation of BGI is high, mainly because there is room to imagine future developments in the genomics industry. BGI’s future success will hinge on its ability to lead the technology change, and that is no small challenge.
In just 14 years, BGI-Shenzhen has become the world’s largest gene sequencer and has executed a series of prestigious projects in genetics. How did it become so prominent? Question: What does a 700,000-year-old calcified horse bone found in Canada’s Yukon region have in common with a varied assortment of plants and animals including silkworms, potatoes, […]