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Another 33 unicorn companies, those valued at billion or more and not yet listed, were added to the unicorn list in the first quarter in China, according to a report by the Hurun Research Institute.

Anta said in an earlier statement that the company is looking forward to collaborating with international brands.

Any regulatory streamlining can only serve its purpose when supported with enhanced compliance oversight, which helps to enforce market order. All acts of malpractice involving cheating in the marketplace, making or selling fake or substandard goods, or running unlawful monopolies, will be dealt with in strict accordance with the law and banned from the market, as they are the enemy of fairness and innovation and go against social ethics.

Another Chinese tech giant Alibaba Group grabbed the No 15 spot among the total 50 winners, sought out from businesses across 35 industries.

Another reason behind this decision, said Weiss, was her belief that physiotherapy could be beneficial to Sasa, the Samoyed she adopted after it was abandoned in Pudong, Shanghai.