Unicorn boom on horizon
By Chen Jia | China Daily | Updated: 2018-05-14 07:43
Revised regulations favor funding for startups through equity investments
Chinese investors are betting big on a golden decade for unicorns as a boom is foreseen on the back of revised regulations that encourage financing through equity, according to market players.
A unicorn is a startup that proves successful and enjoys a valuation of $1 billion or more.
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