The United States still leads in number of private billion-dollar startups, but China is home to the most valuable ones, according to recent data from PitchBook.
The smartphone brands Vivo, Oppo, OnePlus and Realme rank second in global market share, and they all stem from the 30-year old BBK Electronics and Duan Yongping, the company's secretive founder.
Meet the people behind Luckin Coffee, the institutional investors who fell for the inflated numbers, and the short-sellers who suspected it was too good to be true.
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