Guangzhou added in the first six months of 2022 nine new global unicorns, a privately held startup company valued at over US$1 billion – taking its total to 19, according to a new list from the Hurun List, writes the China Daily. “These unicorns are leading a new generation of disruptive technology,” says Rupert Hoogewerf, chief researcher of the Hurun Report.Read More →

China’s booming tech sector was mainly funded by private and sometimes overseas investors. Those days might be over as the state takes over that funding, with ride-hailing company Didi as a prime example, says business analyst Shaun Rein in Pymnts.Read More →