Said there are 164 unicorns in China
worth a combined US$628.4 billion, which has galloped well ahead of the US by number (132 according to the recent research) 1) Alibaba Group Holding’s finance arm Ant Financial / 75bn 2) Taxi hailer Didi Chuxing /56bn 3) Smartphone heavyweight Xiaomi / 46bn (to go IPO at 70bn in HK soon) 4) Alibaba Cloud / 39bn 5) Meituan Dianping, a group buying website for locally found consumer products and retail services / 30bn Any thoughts..?
Chinese venture is much easier than American venture money if you speak Chinese.
That's a lot of unicorn meat, but not enough for 1.4 billion people.
China : US = 4 : 1. US has 117 unicorns; China will need 468 unicorns to beat US.
US unicorns typically run businesses internationally across many countries while Chinese unicorns typically run within China. Although there is a trend of expanding to other countries but most of their revenues currently are in China territory. The Chinese population vs world population is 1:5. So definitely if expanding to other countries would be a great strategy for China to make more unicorns and bigger unicorns.
look how they are doing now
Don’t forget Chinese Pied Piper
“New” Pied Piper