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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.
nced that when conditions are right, artificial means will be used to make rain.
Chen Lijuan, the chief weather forecaster of the National Climate Center, sai
d rain is on the way to the northeast and will arrive next week. That should alleviate the
drought, but dry conditions will continue to make things worse in Yunnan, she said.
Zhou Wenyi, a 26-year-old from Kunming, Yunnan province, said that the weather is very strange this year.
“The climate of Yunnan is kind of like the southeastern Asian countr
ies, where April and May are the two hottest periods before the rainy season arrives. The hig
hest temperature in Yunnan’s summer period usually is around 21 to 22 C,” she said.
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.
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