TOKYO/PALO ALTO, U.S. -- Though disruption caused by the coronavirus pandemic has rattled venture capital investment, a handful of startups, particularly in the U.S. and China, have thrived on changing trends in business and consumer spending.
Twenty-two companies worldwide joined the ranks of unicorns -- privately held businesses with valuations of at least $1 billion -- in the three months through June, according to CB Insights. The U.S. and China remained the main drivers, accounting for 13 and three respectively.
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