Wednesday, August 07, 2019

China Has 200 Unicorns With Global Aspirations

About 200 Chinese startups have valuations of $1 billion or more, and many are preparing to go global.  Most of the companies are largely unknown outside China, but that is likely to change over the next decade.
More than 70 percent of the leaders of Chinese unicorn companies say they already have plans or strategies for overseas expansion. This is in part thanks to government encouragement: China’s Belt and Road Initiative emphasizes international “innovation-based open cooperation,” and China has introduced a series of measures to create a favorable environment for innovation. 
When it comes to growth, most of the unicorn leaders say they value independent, long-term development over flipping their companies for immediate gain because they want to create tomorrow's great global enterprises.

Dig deeper.  It's all in the story about China's herd of unicorns.

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