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Hello and welcome to the Intelligence on Economist Radio.

I'm your host, Jason Palmer.

Every weekday, we provide a fresh perspective on the events shaping your world.

There's a whole herd of unicorns out there, that is, startups that are valued at a billion dollars.

Many are stampeding into stock markets, hoping to be the next Google or Facebook. But there's a problem. Lots of unicorn's business models look shaky.

And there's a battle going on in China and increasingly beyond. Two cities are vying to be known

as the spiritual home of Hot Pot, a hands-on dish cropping up in more and more of the world's restaurants.

But first, Indonesians vote today in a vast election, a mammoth effort in the world's third-largest democracy,

with 187 million voters choosing local, regional, and national officials,

including the president.

The incumbent president,

Joko Widodo, known as Jokoi,

held rallies all over the country.

He came to power five years ago

promising reform, development,

and an end to corruption.

His bid for a second term

...