ered a barometer of innovation and entrepreneurship.
The majority of China’s unicorns are based in Beijing, Shanghai, Hangzhou and Shenzhe
n, with a combined number of 156, 19 more than the previous year and accounting for 77.2 percent of the total.
Nanjing, Guangzhou, Wuhan and Qingdao are new gathering places for unicorns, the report said.
ce at which they go public, with unicorns now taking an average of 71 months to IPO.
From January 2017 to May 2019, 36 unicorns were listed on the global stock market, with eight in 2017 and 21 in 2018.
oao Forum for Asia, that China will grant 5G licenses this year, but didn’t disclose a specific date.
“5G, industrial internet and the internet of vehicles are among the country’s top development priorities
in the telecommunications industry,” Zhang Feng, chief engineer of the Ministry of Industry and Information Technology, sa
id on Friday during the World Telecommunication and Information Society Day.
Zhang called for accelerated efforts to set standards in key areas, including 5G, to expedite the com
mercialization of this forefront technology and bolster the nation’s core competitiveness.
Major Chinese smartphone maker Huawei Technologies Co has already unveiled its first 5G chip and first 5G fold
able smartphone, the Mate X, which is expected to hit the market in June, despite challenges involving the United States.