![[Updated] Chinese unicorn Xinchao Media to slash 500 staff as coronavirus dampens sales](https://media.dealstreetasia.com/uploads/2020/02/coronavirus-2.jpeg?fit=1646,1080&resize=1920,undefined&q=75)
[Editor’s Note: This story has been updated to include the statement of Xinchao Media CEO Zhang Jixue released on February 12, 2020].
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