China’s economic tumult slows ‘unicorn’ stampede as US sees billion-dollar valuations soar
Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.
TikTok parent ByteDance remains the world’s most valuable unicorn, topping Elon Musk’s SpaceX in the second spot, but China appears to have lost the edge it held before the pandemic.