Intersport Co Ltd, one of the world's biggest sporting goods retailers, and Tmall, Alibaba Group's online marketplace for established brands and retailers, forged a partnership in May to integrate e-commerce and physical sportswear stores in China through digital technologies.
Within days of receiving regulatory approval, six Chinese asset managers have succeeded in raising an estimated around 300 billion yuan ($46.36 billion) this month for hybrid funds that will invest in certain securities of unicorns (or startups with a valuation in excess of $1 billion).
