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But conservationists warn that the natural environment, particularly endangered wildlife, also needs support.

But she admitted that the pricing of their offerings has put them in the same field as fast fashion brands like Uniqlo and China's homegrown menswear giant Heilan Home.

But Rigby also details the arrival of Silicon Valley giants such as Salesforce.com, Zynga and Facebook, noting that they are lured here by strong technical talent from the likes of Microsoft, McCaw Cellular and the University of Washington. Those companies and organizations provide a foundation?“for technology entrepreneurship that is the envy of would-be Silicon Valleys around the world,” Rigby writes.

But San Francisco-based Wells Fargo Bank reported profit of 1 cent per share compared with .20 a share a year earlier. Analysts expected the company to earn 33 cents a share. Revenue of .71 billion missed estimates of .28 billion.

But for companies in the science and innovation sector, IPOs are not always necessary, given the availability of rich capital from private equity and venture capital firms, Wu added.