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Unicorns surge to 500 in number as US and China account for 70%

India, South Korea and Indonesia make top 10 on global list with Japan at No 11

Eighty-nine startups have gained unicorn status despite concerns that the novel coronavirus would hamper their fundraising ability.

PALO ALTO, U.S. -- The world's unicorn population has reached 500, doubling in two years amid traditional industries' increased digitization efforts and use of artificial intelligence.

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