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 have achieved a capitalization of more than $1 billion over a short period of time. In total, the Shanghai-based Human Research Institute (Hurun) identified 206 Chinese unicorns compared to 203 companies of American origin. According to ...