Unicorn creation in China falls to six-year low as investors turn wary

China’s rate of creating unicorns has dropped to a six-year low as venture capital funds shy away from early-stage funding while the economic impact of the coronavirus outbreak batters portfolio investments.

Only four Chinese startups have reached unicorn status – valued at $1 billion or above – as of May 13, the lowest number for the same period since 2014, showed data from PitchBook.

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