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icorn” was first used by venture capitalist Aileen Lee six years ago to describe a privately held startups valued at $1 billio
n or more, the number of companies matching this label has mushroomed to 326, according to a report.
The United States is home to 156 unicorns, nearly half of the world’s total, followed by China with 94 unicorns, Jeff Desj
ardins, editor-in-chief of media site Visual Capitalist, said in a report called Visualizing the Unicorn Landscape in 2019.
The total valuation of the 326 unicorns has been raised to $1.1 trillio
n by investors, of which almost 30 percent is made up by the top seven unicorns with hig
hest valuation, including Bytedance, Uber, Didi Chuxing and WeWork, the report citing data from CB Insights said.
types of onshore commodity futures contracts without registering a Chinese entity, and will continuously improve the relate
d rules, Lu Dongsheng, an official with the China Securities Regulatory Commission, told a forum on Tuesday
Lu also announced other measures to develop China’s commodity fut
ures market, such as accelerating the launch of ricThe Shanghai Futures Exchange will open
up its nonferrous metals futures contracts to foreign investors, Jiang Yan, Party secretary of the exchange, said at the s
ame forum. The bourGuo Shuqing, head of the China Banking and Insurance Regulatory Commissiose will also list a n
ew type of futures contract, TSR20 Rubber, which will be available to both domestic and foreign investors, he sai
d.Lu also announced other measures to develop China’s commodity futures market, such as accelerating the launch of
rket. Last year, it acquired Fishtrip, a Taiwan province-based bed-and-breakfast b
ooking platform. The move added about 300,000 quality overseas properties to its listings.
The company set up a small team in Japan in 2016. It also teamed u
p with Rakuten Lifull Stay, an e-commerce company in Japan in 2017, with an aim to boo
st its presence in Japan to take advantage of the 2020 Tokyo Summer Olympics.
According to a report by the State Information Center, the market for home-sharing services is expanding rapi
dly in China, with the sector’s revenue expected to reach 50 billion yuan ($7.4 billion) by 2020.
“The short-term home rentals and homestay services are wide-rangi
ng now to satisfy the needs of various kinds of tourists. Typically, customers hire such servi
ces for get-togethers, reunions, team-building activities and to improve parent-child bon
ding and communication,” said Lai Zhen, an analyst at market research firm iResearch.