没有合适的资源?快使用搜索试试~ 我知道了~
中国独角兽投资策略.pdf
1.该资源内容由用户上传,如若侵权请联系客服进行举报
2.虚拟产品一经售出概不退款(资源遇到问题,请及时私信上传者)
2.虚拟产品一经售出概不退款(资源遇到问题,请及时私信上传者)
版权申诉
0 下载量 144 浏览量
2022-11-24
20:24:14
上传
评论
收藏 3.38MB PDF 举报
温馨提示
试读
239页
中国独角兽投资策略.pdf
资源推荐
资源详情
资源评论
Saddling up
China Unicorns
China Unicorns
3
Contents
Focus charts 4
Saddling up 7
China’s unicorns: Trends in 2021 11
New exchange, new listing rules to diversify funding
channels for a broader range of companies 21
Key trends of major sectors 25
List of unicorns 61
1KMXC (YGL) ........................ 62
Kuaikan ............................. 148
56PingTai ............................... 64
Leap Motors
...................... 150
Aibee ..................................... 66
LinkSure Network .............. 152
AIWAYS ................................. 68
Mafengwo
.......................... 154
Amber Group .......................... 70
Maimai ............................... 156
Arrail Dental ............................ 72
Manner Coffee ................... 158
Baiwang ................................. 74
Meicai ................................ 160
Banma Network ...................... 76
Meizu ................................ 162
Beisen .................................... 78
Mininglamp
........................ 164
Biren Technology..................... 80
Mobvoi ............................... 166
ByteDance .............................. 82
Momenta ........................... 168
Byton Auto.............................. 84
Qingting FM
....................... 170
Cao Cao ................................. 86
Royole Corporation
............. 172
Chezhubang ............................ 88
Shansong Express
.............. 174
China Cloud ............................ 90
SHEIN ............................... 176
Dadi Cinema ........................... 92
SmartMore ......................... 178
DeepBlue ............................... 94
Souche.com ....................... 180
Dewu (Poizon) ......................... 96
TELD ................................ 182
Dianrong ................................. 98
Terminus Technologies
....... 184
DJI Innovations ...................... 100
Tongdun Technology
.......... 186
DT Dream ............................. 102
Trendy International Group
.. 188
Dxy.cn .................................. 104
Tujia
.................................. 190
ECARX ................................. 106
UISEE Technology
.............. 192
EcoFlow ............................... 108
United Imaging Healthcare
.. 194
eDaili .................................... 110
Wanbang Digital Energy (Star
Charge)
............................. 196
Enflame Technology .............. 112
WeRide ............................. 198
ENOVATE Motors ................. 114
WM Motor ......................... 200
Fenbi Education .................... 116
XForcePlus ........................ 202
FTX...................................... 118
Xiaobing.ai
......................... 204
FXiaoKe ............................... 120
Xiaohongshu
...................... 206
GalaxySpace ......................... 122
Xiaozhu.com ...................... 208
Geekplus Robotics ................. 124
Xingsheng Selected
............ 210
Genki Forest (Yuanqi Senlin) .. 126
XtalPi ................................ 212
Guazi .................................... 128
Yaoshibang
........................ 214
Guoquan Shihui ..................... 130
YH Global .......................... 216
HEYTEA ............................... 132
Yijiupi
................................ 218
Hive Box ............................... 134
Yimidida ............................. 220
Hosjoy .................................. 136
YOUXIA Motors ................. 222
Hyperchain ........................... 138
YunQuNa .......................... 224
iCarbonX .............................. 140
Yunxuetang
........................ 226
Iluvatar CoreX ....................... 142
Zhuan Zhuan ..................... 228
Juma Peisong ....................... 144
Ziroom ............................... 230
Klook ................................... 146
ZongMu Technology
........... 232
11
21
25
61
4
Focus charts
Figure 1: Where to find China’s unicorns…
* Internet also includes e-commerce/O2O/games. Software also includes AI/Big Data/Robotics. Hardware also includes Semiconductors. Healthcare also
includes Biotech. Old economy includes Property, Retailing, Construction, Logistic and Media. Source: CB Insights
Figure 2: Selected key companies in China’s internet ecosystem in 2021
Source: CNNIC report published in Aug 2021, data as of June 2021
Figure 3: Selected unicorns in China AI ecosystem
Source: Company data
75
31
13
15
11
14
6
127
118
74
31
9
7
39
0
3
6
9
12
15
18
21
0
20
40
60
80
100
120
140
Internet Software Fintech Old economy Hardware Auto/Machine Healthcare
China No. of Unicorns US No. of Unicorns China avg. Valuation (RHS) US avg. valuation (RHS)
US$ bn
IM/Social
Network
News Search
Video (incl
short video)
Music E-commerce
Online Games
Food delivery
983mn
760mn
795mn
944mn 681mn
812mn
509mn 469mn
User scale
Penetration
rate
Key verticals
97.3%
75.2%
78.7%
93.4% 67.4%
80.3%
50.4% 46.4%
Total internet population (1,011m n)
Major
com panies
WeChat
QQ
Weibo
Tan Tan
Mo Mo
Toutiao
Tencent News
Sina
NetEase
Qutoutiao
UC Browser
Baidu
Sougou
Shenma
Haosou
Douyin
Kuaishou
iQiyi
Tencent Video
Youku
Mango TV
Bilibili
Douyu
QQ Music
NetEase Music
KuWo Music
KuGou Music
Taobao/Tmall
JD
PDD
Vipshop
Xiaohongshu
Zhuan Zhuan
SheIn
Tencent Game
NetEase Game
Meituan
Eleme
Application
layer
Technology
layers
(algorithms,
products and
solutions
providers)
Foundation layer
(data and
computing
resources)
Finance Surveillance Education Smartphone Transportation Healthcare Retail Industrials
Smart
hardware
Enflame
LinkSure
DT Dream
FXiaoKe
Server Chipset Connectivity Data Cloud
Biren
Meizu
Aibee
DeepBlue
SmartMore
Mobvoi
DJI
XForcePlus
Royole
Surveillance Phones & Internet Real Estate Drone B2B
Industrial
AIoT
DeepBlue SmartMore
FXiaoKe
1KMXC
Mininglamp
Face recognition Face recognition/Video processing
Clinical image
analysis
Hyperchain
Finance
Mininglamp
Blockchain
Terminus
DeepBlue
Transportation
AIoT
Autonomous driving
Geek+
Logistics
Warehouse
robots
Terminus
City
DeepBlue
AIoT
Advertisement
Target marketing
Big data
Big data
Mininglamp
Aibee
XForcePlus
Retails
Beisen
China Cloud
GalaxySpace
Iluvatar CoreX
China Unicorns
5
China Unicorns
China is the second-largest source of “unicorns” in the world. Amid China’s unswerving
commitment to moving up the technological ladder, we see opportunities for unicorns
to grow, especially those closing gaps in key technologies. The establishment of a new
exchange, Beijing Stock Exchange (BSE), and further relaxation of listing rules are likely
to provide diversified funding channels for a broader range of companies.
To date, China remains the second-largest source of
unicorns (commonly defined as start-up companies with a
valuation of >US$1 bn). The general trends and prospects
of Chinese unicorns in different sectors are:
Trends in 2021: By early August 2021, China (Hong
Kong included) was home to 165 unicorns (20% of the
world’s total) with a total valuation of US$566 bn (22%
of the world’s total), according to CB Insights. In 2021,
internet companies still take the biggest part of China’s
unicorn universe, accounting for 45% of all China
unicorns. The share of the Hardware/semi and AI/big
data/robotics/software sectors has steadily risen to 25%
this year from 22% in 2020.
Committed to technology advancement: Chinese
policymakers remain committed to pursuing technology
advancements and making technological breakthroughs
amid geopolitical tensions, despite the stepped-up
regulation in the internet sector this year. The ongoing
global chip shortage that has disrupted the supply chain
of many industries such as auto, further underscores the
urgency to move up the value chain.
Diversified funding channels for more companies:
Amid US-Sino tensions, we see tightening regulations of
US-listed Chinese companies, both at home and abroad.
This dims the prospects of a US listing for unicorns,
triggering unicorns to consider home markets. To embrace
the new economy and serve a broader range of companies,
we observe various important moves on listing regimes. In
Sept, Chinese President Xi Jinping announced a plan to set
up Beijing Stock Exchange. The new exchange is likely to
improve market liquidity and bolster market confidence. So
far, the implementation is under way and the pace is faster
than market expectation, resulting in positive sentiment. At
the same time, CSRC also expanded a pilot programme
that allows more red-chip companies to make domestic
listings. In addition, HKEx is in the process of further
facilitated listings of overseas issuers.
Key trends of major sectors: Our sector analysts
update the key trends of the five major sectors: Internet,
Technology, Auto, Healthcare and FinTech.
List of unicorns: A two-page company profile for the
86 companies that are 'Unicorns' is provided for
investors' reference.
Figure 4: Unicorns by country
Source: CB Insights
6
“
China continues to be the second-
largest source of unicorns, thanks to
the large, fast-growing consumer
market and its unswerving
commitment to technology
advancements.
剩余238页未读,继续阅读
资源评论
每天读点书学堂
- 粉丝: 132
- 资源: 1万+
下载权益
C知道特权
VIP文章
课程特权
开通VIP
上传资源 快速赚钱
- 我的内容管理 展开
- 我的资源 快来上传第一个资源
- 我的收益 登录查看自己的收益
- 我的积分 登录查看自己的积分
- 我的C币 登录后查看C币余额
- 我的收藏
- 我的下载
- 下载帮助
安全验证
文档复制为VIP权益,开通VIP直接复制
信息提交成功