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U.S. apps take more cues from China

Data: Yahoo Finance and Chinese Internet Report from South China Morning Post; Chart: Axios Visuals

A slew of Chinese-inspired smartphone apps and products are flourishing in the U.S., adding new Chinese influences to American culture and business just as the trade conflict between the two countries intensifies.

Why it matters: U.S. tech giants that once inspired Chinese products in the era of PCs and the web are now borrowing moves from East Asian counterparts, mimicking their smartphone apps and innovations, as a recent in-depth China Internet Report by the South China Morning Post documents.

An exclusive club of media unicorns survives media industry turmoil

Data: Axios research; Chart: Harry Stevens/Axios

The exclusive club of companies that have built billion-dollar content distribution businesses has a new member: SmartNews, the Japanese news discovery app that has amassed 20 million subscribers in the U.S., and raised $28 million in its latest funding round.  

The big picture: It's a small club, mainly because the media industry is in turmoil as Facebook and Google siphon ad dollars. Companies have struggled to maintain their highest valuations amid issues like missed revenue goals, layoffs and management changes.