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Chinese investors are betting big on a golden decade for unicorns as a boom is foreseen on the back of revised regulations that encourage financing through equity, according to market players.
Chinese economic stimulus during the novel coronavirus pandemic has been targeted at continuing economic upgrading planned long before the outbreak. For example, much of the stimulus has been focused on helping small and medium-sized enterprises get financing or pay their workers. Taxes and fees have already been cut. Other parts of the stimulus have been combined with market-oriented reforms already in progress. All these measures are intended to raise productivity in the real economy.
Chinese are paying for online entertainment content, including online games, videos, music and livestreaming platforms, the report said. Online video platform iQiyi.com has seen massive subscriber growth, with paying subscribers surpassing 50 million.
Chinese e-commerce giant JD's shares plunged on Tuesday, the first trading day on the Nasdaq stock market after the exposure of company founder and CEO Liu Qiangdong's arrest in the US, according to a report by wallstreetcn.com.
Chinese investment in the US outstripped US investment in China for the first time in 2015, according to the Rhodium Group, a New York-based consultancy.
来源：资阳报