# Unicorn Startup

The Toy King’s Driverless Windfall: Speculative Fever and the Reality of China’s ‘Unicorn’ Hype

The founder of Xinghui Environmental Materials saw his wealth grow by 2.7 billion yuan in four days after autonomous driving unicorn Jiushi Intelligence took an indirect stake. Despite an 85% stock surge, the company faces declining profits and has no immediate plans for asset integration, raising fears of a speculative bubble.