China unveils new policies to develop unicorn companies...
China News
July 15, 2024
China is introducing new policies aimed at fostering the growth of unicorn companies, which are tech startups valued at over one billion U.S. dollars. The State Council has announced initiatives that include establishing long-term, government-backed capital funds designed to offer "patient" capital. This approach seeks to ensure consistent and adequate financial support, enabling these startups to achieve their maximum potential and drive innovation in the tech sector.