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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.
If they wanted a replay of what happened to ZTE, a Chinese company which relies heavily on outsider
technologies, they may never see it. Because Huawei is a dramatically different kind of business.
The Plan B Huawei has just revealed — a series of self-developed chips — is only part of what makes it an enterprise of strategic insight, and hence resilience. Over
time, that insight has rewarded it with a viable biosphere that its founder Ren Zhengfei believes will enable it to weat
her the storm. “Our growth may drop a bit in the wake of US restrictions, but negative growth is impossible,” said a confident Ren during a Tuesday inter
view with Chinese media, adding that Huawei has cultivated longstanding trust with industry partners.
That may be why, even after Google barred Huawei from some Android featur
es, Ren spoke highly of the Silicon Valley giant, praising it as a “good company”. That may
CEO of Development Reimagined and former head of the Policy and Par
tnerships, the United Nations Development Programme, and Andreas Pier
otic, trade commissioner of Embassy of Chile in China. The four will also take questions after delivering their speeches.
China Daily’s Publisher and Editor-in-Chief Zhou Shuchun will open the event with a welcome speech on April 27.
Vision China events have been previously held in Beijing, Hangzhou, Joha
nnesburg and London. The events have been broadcast live on internet and mul
timedia platforms, reaching an international audience, particularly young people.
This upcoming event will also be broadcast live on the China Daily website and
app, as well as China Daily’s account on Sina Weibo, Tencent Video, Toutiao, Bilibili, Facebook and Twitter platforms.