A Unicorn Environment: How to Grow a Startup in China

... of the patent applications filed by individual enterprises. Analysts say that most Chinese unicorns have been supported by technology giants such as Alibaba, Tencent, Baidu, JD, Xiaomi, Qihoo 360, Lenovo and Fosun. The giants nurture a new generation of startups by providing a well-developed infrastructure and ample investments, while the young unicorns accelerate the growth of ... ... 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 ...