Finweek English Edition - - IN BRIEF - ADVTECH BOOMS

The num­ber of pri­vately held start-ups with val­u­a­tions of at least $1bn (R13bn), ac­cord­ing to re­search firm CB In­sights. In to­tal, they’re worth $485bn and in­clude well-known firms such as driver-hail­ing app Uber (val­ued at around $51bn), ac­com­mo­da­tion book­ing site Airbnb ($24bn) and aerospace man­u­fac­turer SpaceX ($12bn), ac­cord­ing to the re­port.

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