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Business trends

Global venture capital rides high on Chinese unicorns

Startups outpace full-year funding record of 2017 in just six months

SenseTime's facial recognition can identify the face and clothing of subjects viewed through security cameras. (Photo by Yusho Cho)

SHANGHAI/HONG KONG -- Chinese startups continue to make waves in global capital markets, with total funding in the first half of this year topping 2016's record. Market watchers are expecting more financial technology and health care companies to make their stock market debut in the coming year.

This run mirrors 2018, when Chinese entrepreneurs raised a total of 368 billion yuan ($54.1 billion) in the first six months of the year, according to data compiled by Shanghai DZH, a Chinese financial services company. The figure handily topped the previous annual record of 262.4 billion yuan posted in 2016.

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