China’s unicorn enterprises have recorded strong development momentum, and are set to serve as an important force in the country’s economic upgrade, according to a report issued by consulting firm PwC. The report showed that about 62 percent of the surveyed unicorns predict their revenues will increase by 30 percent or higher this year.
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565 Chinese firms net $132.7b from public offerings in China, US By CHENG YU | China Daily | Updated: 2021-01-21 09:22 Share CLOSE Investors check share prices at a brokerage in Fuyang, Anhui province, on Jan 4. LU QIJIAN/FOR CHINA DAILY
Chinese companies raised record funds via initial public offerings last year as the country s ongoing capital market reforms continued to boost long-term investment value for investors, a new industry report said.
According to a report published by CVSource, an information service provider, 565 Chinese companies were newly listed on bourses in the Chinese mainland, Hong Kong, and the United States last year, up 51.47 percent on a yearly basis. Together, these companies raised 860.7 billion yuan ($132.72 billion), up 67.22 percent on a yearly basis and a new 10-year high.