Summary of Overview of China's 2016 Unicorns Club

Looking for the article?
We have the summary! Get the key insights in just 5 minutes.

Overview of China's 2016 Unicorns Club summary
Start getting smarter:
or see our plans

Rating

8 Overall

8 Applicability

7 Innovation

8 Style

Recommendation

“Unicorn” companies are privately held businesses with a market value above $1 billion. ITJuzi, the online database of China’s startups, provides an overview and thorough analysis of China’s unicorn companies in 2016. Apart from putting together a start-up lexicon with informative statistics, ITJuzi identifies areas of concern, such as the entanglement of the most successful unicorns with the three Chinese Internet giants. Also, ITJuzi questions the valuations of some of the companies: As many of these unicorns have yet to turn a profit and lack a convincing business model, time will tell whether they are more than make-believe. getAbstract recommends this article to investors, entrepreneurs and business managers. 

In this summary, you will learn

  • Which industries spawn China’s “unicorns,”
  • How Baidu, Alibaba, and Tencent (BAT) affect the development of China’s start-ups and
  • Why 2016’s unicorns achieved their status in earlier funding rounds than 2015’s.
 

About the Author

ITJuzi is an online database of China’s start-ups and related business information. It published the industry report on ITJuzi’s WeChat account. 

 

Summary

In 2016, 71 Chinese companies qualified as “unicorns,” private companies with valuations of $1 billion dollars or more. Of these, 37 companies joined the “Unicorn Club” during that year. In the same year, 25 companies lost unicorn status. Combined, the 71 companies have a valuation of $351.6 billion. One company took only 15 months to reach unicorn status; another one reached its $1 billion valuation after 14 years. China’s unicorn companies are concentrated in Beijing (42%), Shanghai (27%), Guangzhou (17%) and Zhejiang (11%).

Get the key points from this article in 10 minutes.

For you

Find the right subscription plan for you.

For your company

We help you build a culture of continuous learning.

 or log in

Comment on this summary

More on this topic

More by category