A TOTAL of 14 enterprises from Shenzhen have
been listed among China's 164 unicorn enterprises in 2017, according to a
report jointly released by Torch High Technology Industry Development
Center of the Ministry of Science and Technology and Greatwall Strategy
Consultants in Beijing.
The 164 unicorns are all private companies that have been registered on the Chinese mainland for at most 10 years, with a valuation surpassing US$1 billion.
The 14 enterprises from Shenzhen include WeChat Bank, UBTech and Royole Orbbec.
Unicorns have become the representatives of new industries, business models and growth momentum in recent years.
More than 80 percent of the unicorns are located in Beijing, Shanghai, Hangzhou and Shenzhen, the report showed.
WeChat Bank ranked 11th, with a market valuation of US$9.23 billion yuan. UBTech, founded in 2012, has become the No. 1 enterprise on the list in the sector of artificial intelligence, with a market valuation of US$4 billion.
The overall valuation of China's unicorn companies has reached US$628 billion, covering 18 sectors including e-commerce, Internet finance, health and culture, and entertainment. Ten super unicorns have each reported a market valuation of over US$10 billion. Those companies include Didi Chuxing, Xiaomi, Alibaba Cloud, Cainiao and electric car battery producer Contemporary Amperx Technology.
At the launch ceremony of the China (Shenzhen) IT Summit yesterday, Wang Weizhong, Shenzhen's Party chief, said the number of registered business entities in Shenzhen had reached 3.09 million by the end of 2017 and 1.7 million were enterprises. The top 10 enterprises in electronic information have their headquarters or regional headquarters in Shenzhen.
Zeng Qiang, executive director of the Digital China Federation, said in a lecture at the IT Summit that Shenzhen should create and own its own ecological environment for the development of unicorn enterprises. "That environment includes a fintech and financing platform, resource sharing among industries and infrastructure construction in cloud computing, IoT and artificial intelligence," Zeng said.
"High-quality development relies heavily on revolutionizing traditional technologies and applications. The world has entered into a new stage of war for Internet rights. The sectors include new retailing, visual computation, fintech, cloud computing, new materials, life health and artificial intelligence. In these sectors, Shenzhen has advantages," said Zeng.
China Securities Regulatory Commission spokesperson, Gao Li, said at a regular press briefing Friday that the commission is researching the possibility of unicorns getting listed in the domestic A-share market.
The commission's favorable IPO policy for unicorns covers four sectors, namely Internet, artificial intelligence, environmental protection and bio-technology, according to Gao.
The 164 unicorns are all private companies that have been registered on the Chinese mainland for at most 10 years, with a valuation surpassing US$1 billion.
The 14 enterprises from Shenzhen include WeChat Bank, UBTech and Royole Orbbec.
Unicorns have become the representatives of new industries, business models and growth momentum in recent years.
More than 80 percent of the unicorns are located in Beijing, Shanghai, Hangzhou and Shenzhen, the report showed.
WeChat Bank ranked 11th, with a market valuation of US$9.23 billion yuan. UBTech, founded in 2012, has become the No. 1 enterprise on the list in the sector of artificial intelligence, with a market valuation of US$4 billion.
The overall valuation of China's unicorn companies has reached US$628 billion, covering 18 sectors including e-commerce, Internet finance, health and culture, and entertainment. Ten super unicorns have each reported a market valuation of over US$10 billion. Those companies include Didi Chuxing, Xiaomi, Alibaba Cloud, Cainiao and electric car battery producer Contemporary Amperx Technology.
At the launch ceremony of the China (Shenzhen) IT Summit yesterday, Wang Weizhong, Shenzhen's Party chief, said the number of registered business entities in Shenzhen had reached 3.09 million by the end of 2017 and 1.7 million were enterprises. The top 10 enterprises in electronic information have their headquarters or regional headquarters in Shenzhen.
Zeng Qiang, executive director of the Digital China Federation, said in a lecture at the IT Summit that Shenzhen should create and own its own ecological environment for the development of unicorn enterprises. "That environment includes a fintech and financing platform, resource sharing among industries and infrastructure construction in cloud computing, IoT and artificial intelligence," Zeng said.
"High-quality development relies heavily on revolutionizing traditional technologies and applications. The world has entered into a new stage of war for Internet rights. The sectors include new retailing, visual computation, fintech, cloud computing, new materials, life health and artificial intelligence. In these sectors, Shenzhen has advantages," said Zeng.
China Securities Regulatory Commission spokesperson, Gao Li, said at a regular press briefing Friday that the commission is researching the possibility of unicorns getting listed in the domestic A-share market.
The commission's favorable IPO policy for unicorns covers four sectors, namely Internet, artificial intelligence, environmental protection and bio-technology, according to Gao.
Source:Shenzhen Daily
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