“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.