Unicorns to enjoy favorable listing

BEIJING - The "unicorn" has become a much chased creature in China's investment world.

In recent weeks, the country's regulators signaled that they would fast-track new listings by unicorn companies - startups valued at more than $1 billion - to "invigorate the country's capital market and foster the new economy".

The Shanghai Stock Exchange, for example, said in a statement this week that it would improve services for unicorn companies to be listed.