Special report: Chinese unicorns
While the US has started its next wave of $1bn flotations after ride-hailing platform Lyft’s initial public offering at about $23bn in market capitalisation last month, Chinese counterparts have spent the past 18 months taking to the public markets. About a quarter of the estimated 125 Chinese unicorns – private companies worth at least $1bn – in summer 2017 have floated on public markets over the past year and a half, according to analysis by Global Corporate Venturing Analytics.
The…
