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Another 33 unicorn companies, those valued at billion or more and not yet listed, were added to the unicorn list in the first quarter in China, according to a report by the Hurun Research Institute.

Another 31 new COVID19 cases are confirmed Tuesday in New York State, 17 of which in New York City, bringing the total Coronavirus cases in NY State to 173.

Apart from the devaluation of the ruble since 2014, Ali Express' success could be a result of the company's transition of its business model from Business to Business (B2B) to Business to Customer (B2C), which simplifies the shopping process and enables goods to be delivered directly to customers, according to media analysts.

Another priority is to consolidate the outcomes from poverty alleviation efforts and to prevent people from once again falling below the poverty line, he said.

Ankush Arora, chief operating officer at Mansour Automotive, said the manufacturing of the cars will start in the next 12 months, adding they are setting up the assembly facilities at the moment.