China has become a land of unicorns, home to at least 70 unlisted startup companies valued at $1 billion or more. And the government is counting on them to work some much-needed magic on the private sector.
Bands of the ventures are concentrated in four Chinese cities: Beijing, Shanghai, Hangzhou and Shenzhen. Some aim to unleash the power of artificial intelligence. Others focus on financial technology or lifestyle services. Together, they promise to help pull the country’s economy through the trade war with the U.S. READ MORE
Similar Posts:
- India Emerges as China’s Tech Challenger with Record Unicorn Run (Nikkei Asia)
- PwC China Unicorn Survey 2019: Harnessing Innovation For Hypergrowth (PwC)
- China’s SGID to Become Major Player in Chilean Electricity Market (The Asset)
- The Chinese Property Market: The Most Important Industry Globally Which Few Understand (Platinum Asset Management)
- China beyond Evergrande: Contagion or containment? (PineBridge Investments)
- Asia300 Power Performers: Tech’s Wild Ride (Nikkei Asian Review)
- Does the End of China’s Love Affair With Property Spell Heartbreak for Investors? (Federated Hermes)
- Fidelity China Special Sits Trust: Four China Investment Themes (FE Trustnet)
- After Grab: ASEAN’s Tech Giants Produce a New Startup Generation (Nikkei Asia)
- Developments in the Reform of China’s State-Owned Enterprises (Mobius Blog)
- China’s $246B Foreign M&A Buying Spree Is Slowing (Bloomberg)
- China is a Minefield for International Creditors (Washington Examiner)
- LEFT TO ROT: Inside China’s Apocalyptic ‘Ghost Cities’ Where 65Million Homes Lay Deserted as Communist Party Faces Economic Chaos (The Sun)
- Private Equity Floods into Southeast Asia (Nikkei Asian Review)
- The Incredible Rise of Pinduoduo, China’s Newest Force in eCommerce (TechCrunch)
