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China beats out US with highest number of 'unicorn' startups

China now has more privately-held start-ups valued by investors at over 1 billion dollars than the US, a report said Monday. There were 206 Chinese firms out of a global total of 494 ultra-valuable start-ups -- known as "unicorns" -- in June 2019, according to the research firm Hurun Report. This makes China the country with the largest number...

Oct 21, 2019