Economic Watch: China nurtures unicorn enterprises via sci-tech innovation

BEIJING, May 2 (Xinhua) -- With the steady improvement of China's overall strength in sci-tech innovation, a multitude of unicorn enterprises have been fostered in the country in recent years, providing continuous momentum for nurturing new quality productive forces.

China boasts 369 unicorn companies, or startups valued at more than 1 billion U.S. dollars, according to a report on China's unicorn enterprise dev