A Unicorn Environment: How to Grow a Startup in China

China’s market is large, young, and avidly embracing new technologies, which provides for the rapid commercialization of digital business models In October 2019, China overtook the United States in the number of unicorn companies, defined as startups that ... ... incomes in urban and rural districts, China’s key priorities included developing advanced technologies and promoting technical innovations. Over the next two years, the Chinese government allocated 4 trillion yuan (about $570 billion) to priority areas ...