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.

shlf888.cn

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.

sh419co.com

ery likely so. Only things may not go the way Wash

If they wanted a replay of what happened to ZTE, a Chinese company which relies heavily on outsider

technologies, they may never see it. Because Huawei is a dramatically different kind of business.

The Plan B Huawei has just revealed — a series of self-developed chips — is only part of what makes it an enterprise of strategic insight, and hence resilience. Over

time, that insight has rewarded it with a viable biosphere that its founder Ren Zhengfei believes will enable it to weat

her the storm. “Our growth may drop a bit in the wake of US restrictions, but negative growth is impossible,” said a confident Ren during a Tuesday inter

view with Chinese media, adding that Huawei has cultivated longstanding trust with industry partners.

That may be why, even after Google barred Huawei from some Android featur

es, Ren spoke highly of the Silicon Valley giant, praising it as a “good company”. That may

www.chenbobupin.cn

Health authorities suggest meditation every dayakes part in

China’s health authorities are advising people to meditate for five

minutes a day with the recent launch of a health knowledge promotion project.

The project has been jointly initiated by the disease prevention and cont

ol and promotion centers under the National Hea

lth Commission, China Health Education Center and All-China Journalists Association.

They advise a “5125” healthy living concept, suggesting people meditate f

ive minutes every day, do physical exercise for one hour every day, master one sport, join

one exercise community, take in at least 12 types of food every day and 25 types of food every week.

www.gzbbhk.com

Joefe Santarita, dean of the Asian Center at the Unive

rsity of the Philippines, said Asian values promote consensual approach and communitarianism

rather than individualism, and they prioritize social order and harmony as well as respect for elders, disc

ipline and a paternalistic state along with the primary role of government in economic development.

“Asian values are the salient ingredients on how to learn to work togeth

er through trust and consequently promote globalization,” Santarita told China Daily.

He cited China’s guanxi, a cultural concept that stresses deep personal connections and maintaining relations.

“Guanxi is a clear manifestation of a success story of a cultural element that is aptly applied in

the business sector. Trust is a fundamental element for Chinese businessmen who have engaged in co

mmercial partnerships and international trading systems for centuries,” he said.

Santarita said a similar concept can also be found in other Asian count

ries, citing the Philippines’ compadrazgo and Indonesia’s bapakism as examples.

www.ashmh.com

He visited China for the first time in 2001, where he noticed tha

“It’s such a difference visiting today to see so many different animate

d productions being done in China. Chinese writers, directors and animators ha

ve really jumped into rich storytelling and created really fascinating worlds that the global audience will enjoy seeing,” he says.

Over the past eight years, D’Ambrosia has overseen production of such popular Disney Junior’s shows such as the Emmy Awar

d-winning Sophia the First and The Lion Guard, which is based on Disney’s Oscar-winning 1994 film The Lion King.

Speaking about the key to appealing to children aged between 2 and 7

, he reveals that the tales his team creates are built on down-to-earth research.

“We actually do go into preschools and talk to children about the stori

es and the characters. So we find their words very valuable and adapt our stories to make su

re that they not only comprehend the stories but also relate to the aspirations of the characters,” says D’Ambrosia.

www.qhfus.com

Usually, when we have become established in a second

tier city, we will expand to neighboring lower-tier cities. For example, we have developed ve

ry well in Xiamen (Fujian province), and based on this we will expand to smaller cities nearby,” he said.

About 70 percent of small-town youths live from paycheck to paycheck, and most of their money goe

s on household items, luxuries, entertainment and travel, according to a report on this age group rec

ently released by the Central Committee of the Communist Youth League of China.

“They also like quality products, good brands and are interested in being trendset

ters,” said Sun Hongyan, a researcher at the China Youth and Children Research Center.

Sun, the main author of the report, said 35.5 percent of small-town youths use mob

ile phones or electronic devices that feature the latest designs from well-known brands.

www.akiok.cn

Among his precious collection are Tibetan incense

and hada from Tibet autonomous region, shawls from Kashmir, hangs of cloisonnéenam

el from Beijing, Yengisar dagger from Xinjiang Uygur autonomous region, and a CD of exotic music.

“My favorite souvenirs are unique and distinctive objects. Stereotyped souvenirs at diffe

rent destinations will fail to attract visitors and even dampen the impression of a special attraction,” said Shi.

Zhou Weihong, deputy general manager of Spring Tour, a part of the Shanghai-based Spring Group, sai

d the cultural and geographical values of local souvenirs are neglected in many cases, adding that the expe

rience of overseas travel-related products can be a benchmark for Chinese souvenirs.

“In Japan, tourism souvenirs have a strong geographic characteris

tic, and they are made at a particular place, and can be bought only there, nowhere else. In

www.pvtye.cn

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.

www.chechezhineng.cn

Meitu released its first smartphone on 2013 and then

developed three series including M, V and T, with the smartphone

business revenue once accounting for 80 percent of its total revenue.

The image-editing app developer changed its strategy to social platform on 2018. By the e

nd of February, the monthly active users on Meitu platform reached 119.2 million.

According to Meitu’s financial report, its revenue from internet business increased 26.3 percent year-on-year to 947.7 million yuan ($141.31 million) in 2018, w

ith gross margin from the business surging 134.8 percent to 429.1 million yuan.

However, the firm’s revenue from smart hardware slumped 50

.7 percent year-on-year to 184.38 million yuan last year, and the

total revenue was 2.79 billion yuan, declining 37.8 percent from a year earlier.

www.galerialamanai.cn