With a falling number of unicorns – start-ups valued at more than US$1 billion – having caught the eye of China’s top leaders, analysts expect more domestic resources to be deployed to nurture home-grown enterprises amid shifting geopolitics.
At a rare face-to-face meeting with entrepreneurs last week, President Xi Jinping asked why the number of new unicorns had been dwindling in recent years, the People’s Daily revealed in a report on Tuesday.
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