China boast 80% of world’s unicornsSince the term “unic

China boast 80% of world’s unicornsSince the term “unic

icorn” was first used by venture capitalist Aileen Lee six years ago to describe a privately held startups valued at $1 billio

n or more, the number of companies matching this label has mushroomed to 326, according to a report.

The United States is home to 156 unicorns, nearly half of the world’s total, followed by China with 94 unicorns, Jeff Desj

ardins, editor-in-chief of media site Visual Capitalist, said in a report called Visualizing the Unicorn Landscape in 2019.

The total valuation of the 326 unicorns has been raised to $1.1 trillio

n by investors, of which almost 30 percent is made up by the top seven unicorns with hig

hest valuation, including Bytedance, Uber, Didi Chuxing and WeWork, the report citing data from CB Insights said.

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US President Donald Trump, in the name of “national sec

US President Donald Trump, in the name of “national sec

urity”, signed an executive order on May 15 that led the US Department of Commerce to put Huawei and its affilia

tes on an Entity List, which would restrict the sale or transfer of US technologies to the company.

Craig Allen, president of the council, said many of its members are suppliers to Huaw

ei, and all of them have been impacted by the Department of Commerce’s move.

Founded in 1973, the council represents around 200 US companie

s doing business with China, including Apple and Microsoft. It also includes chipmakers Inte

l and Qualcomm, which have said they would stop offering supplies to Huawei until further notice.

The members will follow US law, but there is a cost associated with that, Allen told China Daily.

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5G is not just a faster 4G. It will fundamentally reshape

5G is not just a faster 4G. It will fundamentally reshape

 how enterprises run businesses and overhaul a wide range of industries by using data to create more value,” Lu said.

Greater access to China’s financial sector will encourage global investors and dispel the gloom clouding the global econo

my amid Beijing’s trade tensions with Washington, according to senior officials and economists.

Chinese financial regulators are preparing a comprehensive opening-up, with more new measures in the pipeline. Forei

gn institutions with advanced performance in risk management, credit rating, consumer finance, endowments an

d health insurance are especially welcome, senior officials stressed over the weekend.

The opening measures will offset part of the negative impacts of trade friction on economic

recovery, and enable China to reach its GDP growth target of above 6 percent this year, they said.

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With 1,000 days to go before the 2022 Winter Olympic

With 1,000 days to go before the 2022 Winter Olympic

 preparations are well underway for a successful and sustainable event.

Built for the 2008 Summer Games, Olympic Park in Beijing’s no

rthern downtown area entered the spotlight again on Friday as the country began its cou

ntdown. The 2022 Winter Olympics, will be held in Beijing and co-host Zhangjiakou in adjacent Hebei province.

As the symbolic “1,000” flashed on a digital clock on the park’s Linglong Tow

er, a broadcasting facility for the 2008 Games, expectations were heightened f

or the winter sports extravaganza, which will run from Feb 4 to 20 in 2022. Three zones will feature ath

letic events — downtown Beijing, the city’s northwest Yanqing district and Zhangjiakou’s mountain district Chongli.

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New films features scenes featuring iconic French cathedral

New films features scenes featuring iconic French cathedral

Chinese romance which opened across the country on April 19, has some scenes shot in Paris, including the Notre Dame Cathedral.

The film, directed by Huo Jianqi, a renowned figure among China’s “Fifth Gene

ration” directors, features supermodel-turned actress Du Juan and actor Chen Xiao.

During a recently promotional screening, director Huo says the film examines the meaning of love and marriage.

In the movie, there are several scenes featuring the lovebirds shown against the backg

round of the Notre Dame Cathedral, which was damaged in a fire on April 15.

The film, based on a short story penned by journalist An Dun, the features a violinis

t and an interior designer, who encounter each other in a museum in Paris and soon fall in love.

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rists from China view cherry blossoms from a boat in Kyo

rists from China view cherry blossoms from a boat in Kyo

hen Zeyong, CEO of online visa service tigerwing.cn, said the Jap

anese government issued 7 million visa stickers for Chinese nationals last year.

“If visas become a bar code or QR code emailed to applicants, their w

orkload will be greatly lessened,” he said during the Shanghai World Travel Fair on Thursday.

Japan Tourism Agency data showed that 8.38

million tourists from the Chinese mainland trave

led to Japan in 2018, representing year-on-year growth of 13.9 per

cent and contributing nearly 27 percent of international tourists.

China has been the world‘s largest source of tourists since 2014, reachin

g nearly 150 million last year, according the Ministry of Culture and Tourism.

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Alibaba Group led China’s best employer list this yea

Alibaba Group led China’s best employer list this yea

 followed by Baidu and ByteDance, according to the employment-oriented social networking platform LinkedIn.

The ranking list is based on feedback from LinkedIn’s more than 40 million users in China, taking fo

ur aspects into consideration — interest in the company, engagement with employees, job demands and employee retention.

Qualified companies must have had at least 500 employees as of Feb 1, 2018, and demonst

rate flat or positive employee growth over the following 12 months, based on LinkedIn’s data.

Among the top 25 companies to work for in 2019, 15 of them are technology companies, as the results showed.

Here is the top 10 list for best employers in China.

A traditional craft maker in Qinzhou, a city in South China’s Guangxi Zhuang autonomous

region, found a clue to boost popularity of its more-than-1,300-year-old workmanship. That is tourism.

Long Shaorong, vice-general manager with Qinzhou Nixing Pottery Arts Co Ltd, bets big on

tourism to beef up sales of Nixing pottery, one of the top four potteries in China, which originates from Tang Dynasty.

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It is the duty of car dealers to deliver qualified autom

It is the duty of car dealers to deliver qualified autom

obile products, and those who refuse to bear responsibility or compensate consumers for

unqualified automobiles violate the law and will be punished, said the China Consumers Association.

The discussion heard that some dealers force consumers to purchase insurance or ask for financial serv

ice fees without issuing invoices, both illegal acts that should be severely punished according to the law, the association said.

During the discussion an unnamed womaen complained that she was sold a defective Mercedes-Benz car.

The woman said the engine of the CLS300 she bought from Xi’an, Shaanxi province dealership Lizh

ixing Co developed problems soon after she bought it March 27, but she failed to get a refund or exchange.

She also said she was asked to pay a “financial service fee” of 15,000 yuan to an employee without knowing what the money was for.

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Jia Mo, an analyst from global market research compan

Jia Mo, an analyst from global market research compan

 Canalys, said it is possible for Huawei to achieve its ambitious revenue target if it can maintain its current growth rate and everything goes well.

“Huawei is also increasing the average selling price of its smartphones and expan

ding its presence in the premium segment, which will significantly boost revenue,” Jia said.

But the global smartphone market is reaching saturation point, so Huawei has to encroa

ch on other smartphone vendors’ market share to maintain a good momentum, Jia added.

On Thursday, Yu also unveiled the P30 smartphone series in Shanghai. Priced from 3,988 yuan ($594) in China, the P30 Pro co

mes with optimized photo-shooting capabilities. By leveraging artificial intelligence and a new light sensor, th

e new model would significantly boost light absorption to create better photos, even in near darkness.

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State Council pledges more fee reductionsunrise view of

State Council pledges more fee reductionsunrise view of

China will take measures to reduce government fees and operating service char

ges in order to further reduce burdens on businesses and individuals, it was d

ecided on Wednesday at a State Council executive meeting chaired by Premier Li Keqiang.

Starting from July 1, charges on real estate registrations will be cut or cancel

ed outright. The eligibility for fee reductions on patent applications will be broadened.

Charges on exit and entry travel documents such as pass

ports, registrations of some trademarks, and usage of various radio frequencies will be fur

ther reduced. Significant reductions in these charges are required, it was decided.

Ownership registration fees for properties such as parking spaces will be reduced from 550 yuan ($81.97) to 80 yua

n. And fees for extended use of trademarks will be reduced from 1,000 yuan to 500 yuan.

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