Do Valuations Of $3 Billion Have Their Own "Territory"?

There are four kinds of animals in the entrepreneurial world that are always with us: mice, gazelles, elephants and unicorns.

Mice refer to self employed street vendors and small and micro businesses.

Both in developed and developing countries, they are in the millions, but their contribution to creating jobs, promoting innovation or promoting productivity growth is very limited.

Gazelles refer to medium sized enterprises that develop rapidly and create jobs.

In most countries, gazelle is regarded as the main engine of job creation.

These animals respond quickly and are able to avoid predators and have strong breeding ability in food abundance.

They are of medium build, quick action, and easy to adapt to their surroundings.

Elephants are very large animals, just like big companies in our society.

They are stable, steady and have a solid foundation and play an extremely important role in promoting economic growth.

This is not only because they can create jobs, but also because they have higher efficiency.

Although these animals are large, they do not interfere with their survival and development.

At present, companies with over 1 billion US dollars in technology are quite common.

Take us software startups as an example. In 2013, only 39 companies valued more than $1 billion, and now this number has increased to more than 90.

Unicorns are developing at an amazing speed.

This phenomenon is not only in the United States, but also a country with frequent unicorns.

According to the US venture capital data platform CB Insights, there are currently 31 unicorns in China.

It is a relatively new concept.

This term was first used by Ai Linli (Aileen Lee) in a blog article in November 2013, referring to unlisted technology start-ups whose valuation reached or exceeded 1 billion US dollars.

Unicorn is a mysterious existence.

Pushing forward a few years, people can not imagine a family yet.

The value of start-ups will exceed $1 billion.

Before listing, Google had never valued more than $1 billion, and Amazon or other Internet Co did.

In a sense, unicorns can more clearly demonstrate the creativity of a country than self employed enterprises.

This is because self employment is more driven by demand, while unicorns are more about wealth creation.

At present, the United States is the largest number of Unicorns in the world, followed by China, India, the United Kingdom, Germany, Canada, Sweden, Israel, Singapore and South Korea.

What is surprising is that among the 31 Chinese unicorns, it includes a valuation of US $3 billion.

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Foreigners have the yardstick of foreigners, but in China, I believe many people's reaction will be: does the company still exist?