BEIJING: China now has more privately-held start-ups valued by investors at over US$1 billion than the US, a report said Monday .
"The rest of the world needs to wake up to creating an environment that allows unicorns to flourish in." A report released in June by another research firm, Visual Capitalist, found only 94 unicorns from China compared to 156 from the US, based on data from May 2019.
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