PLIGHT OF UNICORNS
"We're seeing some distress for startups especially among the smaller, younger unicorns," said Jarod Ji, an analyst at Zero2IPO, a Beijing-based research firm that tracks VC and private equity markets. "Most of these companies aren't profitable, and investors are getting increasingly wary of their burn rates." (Bloomberg)
Source: CB Insights
CHINESE INVESTMENT IS HERE TO STAY
Chinese FDI in the U.S. is breaking records this year, more than $8 billion in the first quarter alone. East West Bank CEO Dominic Ng says Chinese investment in the U.S. is here to stay - and not just due to China's slowing economy and currency volatility. He warns though that politics may get in the way during this U.S. election season. Read his Viewpoint.
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