When unicorns lose their magic: Royole shows steep path for China IPOs

GUANGZHOU -- The Chinese startup that debuted the "world's first commercial foldable smartphone" in 2018 drew a different kind of attention in April when one of its directors, Liu Shuwei, issued a statement on social media simply titled "Rescue Royole."

"I suggest that the government actively help Royole with its shortage of funds and help Royole bring in strategic investors," Liu wrote.