China in 2018 had 202 unicorns valued at a combined total of $744.6 billion, according to a Greatwall Strategy Consultants report.
A unicorn is a privately held startup valued at more than $1 billion.
Seven of the companies are considered super unicorns – companies valued at more than $10 billion, the report said.
They are Ant Financial ($150 billion), Bytedance ($75 billion), Didi Chuxing ($60 bi
llion), Kuaishou ($20 billion), JD Digits ($20 billion), Cainiao ($20 billion) and Bitmain ($14.5 billion).
China’s unicorns come from 22 industries, with e-commerce, smart logis
tics, new entertainment, artificial intelligence, and new energy and smart vehicles the top five sectors.
dumping and anti-subsidy measures, have largely reduced China’s export to the country.
Photovoltaic modules export to India also slumped 24.4 percent to 1.81 GW in the first quarter, as the Indian government ordere
d that all photovoltaic modules for government and central public utilities projects should be 100 percent India-made.
China’s top five photovoltaic modules exporters in value in the first quarter were Jinko Solar, J
A Solar, Trina Solar, Canadian Solar, and Longi, taking up 12.8, 8.6, 8.3, 7.4, and 6.7 percent, resp
ectively, of total export value. Export volume of the top 12 exporters took up 65 percent of total export, added the report.
The report projected that China’s photovoltaic modules capacity will furth
er expand 8.5 percent to 83 GW this year, with nearly 50 GW exported to the overseas market.
shows that college students slated to graduate in 2019 have higher
expectations of working in these cities, than in cities like Beijing, Shanghai and Guangzhou.
According to the platform, 44 percent of new graduates this year wish to find their jobs in new fir
st-tier cities, while only about 30 percent hope to work in Beijing, Shanghai and Guangzhou.
Yang Zheng, who graduated with a master’s degree from Fudan University in Shanghai in March, said th
at he received three offers from companies in the city, but finally chose a high-tech enterprise in neighboring Hangzhou.
“I’ve spent about seven years in Shanghai, it’s time to explore a new world,” he said, laughing. “The most importa
nt reason I chose Hangzhou is the city’s potential development in the high-tech industry, which can bring us more opportunities.”
Different from the first several batches of tariffs that focused more on industrial and agricultural products, the most rece
nt 25 percent tariffs on Chinese imports target mostly consumer products, including sneakers, clothing and furniture.
Trump has, on his Twitter account, asserted that “there is no reason for the U.S. Consumer to pay the Tariffs”.
The open letter, however, said “there should be no misunderstanding” that US consumers pay for tariffs on products that are imported.
“As an industry that faces a $3 billion duty bill every year, we can assure you that any incr
ease in the cost of importing shoes has a direct impact on the American footwear consumer,” it said.
It is an “unavoidable” fact that as prices go up at the border due to transportation costs, labor r
ate increases or additional duties, the consumer pays more for the product, the footwear trade and business association said.