✦ The Forecast: The end of Chinese unicorns? ...Middle East

Quartz - Economy
✦ The Forecast: The end of Chinese unicorns?
Last week, news emerged that China wanted to break up Alipay, a digital payments app with over 1 billion users. It’s the most recent blow to Ant Group, Alipay’s parent company, whose attempted public listing was quashed in Nov. 2020.Ant Group is one of several private Chinese companies that are among the most valuable in the world. In fact, for the past few years China has been home to an outsized number of unicorns—a private company valued at more than $1 billion.Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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