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As more heavy rains threaten to drench China's south, recent rainfall caused floods in Ji'an, Jiangxi province, on Saturday. DENG HEPING/FOR CHINA DAILY

As of the end of 2019, the toymaker had 114 retail stores in 33 Chinese cities and 825 roboshops across 57 cities. It plans to use the proceeds from its IPO to set up additional stores and vending machines and push toward expansion overseas.

As long as information asymmetries among participants continue to exist in the IPO process, we will continue to observe underpricing in China, the United States, and other markets around the world.

As of 2017, 42 companies are newly added to the list of global unicorns, and of those, 24 are based outside the US. Sixteen Chinese companies, including news aggregator app Jinri Toutiao and bike-sharing company Mobike and Ofo, have joined the list of world unicorns.

As of Oct 1, all the 16 treatments for a total of 14 rare diseases have been included into the national drug reimbursement list, including five that have been officially launched to market, according to a report health information consultancy IQVIA released during a rare disease summit held last week.