TOKYO -- The number of privately held startups valued at more than $1 billion is gradually increasing in Japan, although the population of these so-called unicorns remains a fraction of those in the U.S. and China.
SmartNews joins Preferred Networks and Liquid Group with more than $1b valuation

With its latest fundraising round, SmartNews pushed its total valuation over $1 billion, giving Japan a third unicorn. (Photo courtesy of SmartNews)
TOKYO -- The number of privately held startups valued at more than $1 billion is gradually increasing in Japan, although the population of these so-called unicorns remains a fraction of those in the U.S. and China.