China is home to four out of five largest unicorns – startups valued over one billion US dollars, second to the US, says the latest report by the Hurun Global Unicorn Index, published on Tuesday.  “The rest of the world needs to wake up to providing an ecosystem that allows unicorns to flourish,” says Rupert Hoogewerf, chairman and chief researcher of the Hurun report to the South China Morning Post.Read More →

While the jury is still out on the economic effects of the coronavirus crisis, the majority of the wealthy ended off better since the COVID-19 hit the world, says Hurun rich list founder Rupert Hoogewerf in the Business Standard. “The two biggest ‘winners’ from the Hurun Top 100 of Covid-19 were online retailers Jeff Bezos of Amazon and Colin Huang Zheng of Chinese low-end ‘social shopping’ giant Pinduoduo,” says Hoogewerf.Read More →

The coronavirus might have put pressure on many industries, the top healthcare companies in China do very well, says Rupert Hoogewerf, chief researcher of the Hurun Report in Laingbuissonnews.com. Healthcare is the third largest industry for non-state controlled companies in China, after manufacturing and real estate.Read More →

Private companies in China have become more important than sometimes appreciated, says Rupert Hoogewerf, chairman of the Hurun Research Institute in its latest report, according to the South China Morning Post. They have grown eight times in the past decade, pay most taxes and create most jobs. “Creating value is more than making sales,” says Rupert Hoogewerf.Read More →

The number of rich Chinese families has dropped, although only slightly, says this year’s Hurun Wealth Report, according to the China Daily. Both a dropping economy and the trade war triggered off the effect, says Rupert Hoogewerf, chairman of the Hurun Report, now in its 11th year.Read More →

Vision, robotics and language are key areas where China is worldwide leading artificial intelligence, says Rupert Hoogewerf, chairman of the Hurun report on AI. The number of patent applications has been rising sharply over the past five years, he adds in the South China Morning Post. Huawei holds a top position.Read More →