In venture capital, its still the age of the unicorn

Howie Xu At the time, the piece defined a new breed of startup — the $1 billion privately held company. When Lee did her first count, there were 39 “unicorns”; an improbable, but not impossible number.. Today, the once-scarce unicorn has become a global herd with 376 companies on the…

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The Hole at the Heart of Chinas Silk Road

Nobody pretends the People’s Republic of China is an entirely benign power, least of all its leaders in Beijing. Yet, even by the standards of what continues to be a remarkably repressive state, the stories that are emerging from behind the Great Firewall about the crackdown on Xinjiang’s Uighur Muslim…

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Death, Diamondsand Russias AfricaProject

The poorest country according to the World Bank, has turned a spotlight on what looks like a big Kremlin play for influence and resources in Africa. Where China has spent decades and billions of dollars trying to entrench itself there, Russia is offering its brute force and strong appetite for…

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Elon Musk Stumbles Into a Good Point

Today’s Agenda Tesla really should just go private. America’s health-care system is at stake in the midterm elections. The Trump administration is blowing its AT&T/Time Warner appeal. Starbucks thinks China will come out of the trade war in good shape. Maybe job tenure shouldn’t just be a thing for college…

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Zero-Sales Biotechs May Damage Your Financial Health

China's biotech unicorns are chasing a big prize. Landing it may prove elusive. BeiGene Ltd. raised $903 million in a secondary listing in Hong Kong last week. The company’s market value has swelled to $9.4 billion since its 2016 initial public offering on the Nasdaq, despite the firm being at the “clinical…

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RIP, American Empire: Weekend Edition

  RIP. soundtrack to “Sorry to Bother You” by The Coup (explicit lyrics ahoy). This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the ten most popular stories Bloomberg Opinion published this week, based on web readership, with some other stuff thrown in. New subscribers to the…

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Trump, Juncker Tout Deal Pulling Back From U.S.-EU Trade War

President Donald Trump and European Commission President Jean-Claude Juncker agreed to suspend new tariffs while negotiating over trade, pulling the U.S. and Europe back from the edge of a transatlantic trade war. The leaders pledged to expand European imports of U.S. liquefied natural gas and soybeans and both vowed to…

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