China’s Unicorns Are Stampeding Into an IPO Quagmire
Lei Jun, chairman and chief executive officer of Xiaomi Corp., strikes a gong during the company’s listing ceremony at the Hong Kong Stock Exchange in Hong Kong, China (Photographer: Anthony Kwan/Bloomberg)

China’s Unicorns Are Stampeding Into an IPO Quagmire

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(Bloomberg Opinion) -- From China, without love. The stampede of unicorns is losing fans.
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