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Among the unicorns, over 30 percent were e-commerce or internet finance businesses, while culture and entertainment, automobile and transport, online medical services and AI companies also achieved rapid development, it said.

Amid protracted negotiations, the state government stepped in late on Friday to force the management to allow for the race's trophy, colors and numbers to be projected onto the white wings of the structure early next week.

Among the latest developments, Lingang recently unveiled its dedicated business watchdog administration in March, giving the area more discretionary power in market regulation.

Amazon’s appetite for disrupting retail appears as if it will never be sated. In the past two years, we’ve seen them launch bookstores, add a restaurant delivery service, integrate shopping capabilities into its voice-controlled home assistant Alexa, and beta test an innovative urban grocery store with a virtual checkout.

Among the microlenders exploring new business models is Dunxin Financial Holdings Ltd, a medium-sized financial group focusing its microcredit business on Central China's Hubei province.