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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.
Hotels in Shanghai will no longer automatically provide disposable daily necessities such as toothbrush, comb and shaver f
rom July 1 as a regulation on household waste will come into effect in the city on the day, People’s Daily reported.
Around 4.8 billion guests booked into 440,000 hotels in China in 2017, as per data. More than 70 percent o
f soaps are thrown away after being used once, a survey shows. Calculated by weight, each hotel t
hrows away 2.5 kg disposable soaps every day and 440,000 hotels would throw away more than 400,000 tons
of soaps every year. If each ton of soaps costs 20,000 yuan, that would be 8 billion yuan worth of soap.
Apart from soap, toothpaste, toothbrush, comb, shampoo and bath foam are often discarded
after one-time use. It’s not only a waste of money, but also a burden for environment as many articles are non-degradable.
The rail link between Tianjin and Nanjing’s Pukou district－the Tientsin-Pukow Railw
ay－was completed in 1912. But the two lines could not be connected because there was no bridge across the river.
According to the Academy of Sociology, which was founded by scholars from Nanjing Univers
ity, at least two structures－the Wuhan Yangtze River Bridge and the Chongqing Baishatuo Yangtze
River Bridge－were built before the Nanjing structure. But neither was considered a landmark by the public.
In 1913, Zhan Tianyou, who was known as “the father of China’s railways”, traveled to Nan
jing to inspect the Yangtze riverbed to build a bridge. However, he dropped his plan because the river had an ave
rage width of 1,500 meters, was more than 70 meters at its deepest and the water flow was 3 meters per second.
Zhan reportedly stayed for a few days, left without saying a word, and then decided to inspe
ct the river in Wuhan, Hubei province, before completing the first design for the Wuhan Yangtze River Bridge.