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

Stuffed animals at a Chinese factory: Tech unicorns in China face hard choices as IPO hurdles rise. © Reuters YUSUKE HINATA, Nikkei staff writer May 17, 2022 03:17 JST | China Copy Copied 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.” Read Next