Map Of China'S Potential Unicorn: "Northbound To Suzhou, Hangzhou And Shenzhen" Gathered More Than 70% Of The Frontier Technology Enterprises, Accounting For 61.2%

On June 29, 2021 Research Report on potential Unicorn enterprises in China was released in Suzhou. According to the report, the number of potential Unicorn enterprises in China will reach another peak in 2020.

According to the report, the number of potential Unicorn enterprises in China will reach 425 in 2020, including 248 new ones. In 2021, as of May 31, there are 70 potential Unicorn enterprises.

In 2020, more than 70% of China's potential Unicorn enterprises will be distributed in "north to Suzhou, Hangzhou and Shenzhen". Among the 425 potential Unicorn enterprises, 260 are frontier technology enterprises, accounting for 61.2% of the total.

"What do unicorns and potential unicorns mean? One of the biggest changes is that the future has come. In particular, the potential Unicorn represents the future industry and future enterprise. " Wang Delu, chairman of Great Wall strategic consulting, said at the 2021 China potential Unicorn enterprise report conference and Suzhou cooperation exchange meeting.

The reporter learned at the event site that this is the second time that great wall strategic consulting released a report on potential Unicorn enterprises in China, and also the first time that a press conference was held in Suzhou. According to the report, there will be 39 potential Unicorn enterprises in Suzhou in 2020, ranking the third in China. In addition, in the first five months of this year, there were nine new potential Unicorn enterprises in Suzhou.

Potential Unicorn enterprises emerge rapidly

According to gei China potential Unicorn enterprise standard proposed by Great Wall strategic consulting, the selected enterprises meet three conditions at the same time: (1) enterprises registered in China with legal personality（ 2) The post investment valuation of the latest round of financing within 5 years after its establishment reaches 100 million US dollars, or the latest round of financing within 5-9 years after its establishment reaches 500 million US dollars（ 3) It has obtained private investment and has not been listed yet.

From the track distribution, 425 potential Unicorn enterprises are distributed in 32 tracks, including innovative medicine and equipment, digital medicine, artificial intelligence, etc. Among them, the number of potential Unicorn enterprises with innovative drugs and devices, digital medicine, artificial intelligence, enterprise digital services, new energy and intelligent vehicles ranked in the top five, accounting for 44.7% in total.

"We are very concerned about the innovation capability of potential Unicorn enterprises. We have observed that the proportion of potential Unicorn enterprises in cutting-edge technology has been further improved." Wu Wensheng, general manager of Great Wall strategic consulting, said in a live speech that the proportion of potential Unicorn enterprises in cutting-edge science and technology will increase from 48.6% in 2019 to 61.2% in 2020.

In addition, 11 potential Unicorn companies will be listed in 2020; In 2021, nine new potential Unicorn companies will be listed as of May 31. Among the 20 potential Unicorn listed companies, 10 chose to list on the Hong Kong stock exchange, 5 on the Nasdaq, 3 on the Shanghai Stock Exchange and 2 on the New York Stock Exchange.

More than 60% of enterprises will complete new financing in 2020

From the perspective of financing, 268 potential Unicorn enterprises will complete new financing in 2020, accounting for 63.1%. In 2020, potential Unicorn enterprises will obtain a total of 15.02 billion US dollars of new financing, with an average of 67.66 million US dollars. Among them, 55 enterprises with financing amount of more than 100 million US dollars accounted for 24.8%; The number of potential Unicorn enterprises with financing amount between 20 million (inclusive) and 50 million US dollars was the largest, accounting for 35.1%.

In terms of track distribution, innovative drugs and devices, digital medicine, integrated circuits, artificial intelligence, new energy and intelligent vehicles, enterprise digital services, and robot racing track are dominated by 56, 33, 17, 17, 15, 15 and 12, respectively.

More than 80% of the potential Unicorn enterprises have obtained new financing, accounting for 85.7%, 83.3%, 83.3%, 81.8% and 81.0% of the potential Unicorn enterprises in the network popular products, 5g communication, big data, aerospace and integrated circuit tracks, respectively.

The potential Unicorn enterprises with innovative drugs and devices, digital medicine, integrated circuits, enterprise digital services, and Internet Education track ranked among the top five. The amount of financing was US $4.4 billion, US $1.96 billion, US $1.18 billion, US $750 million and US $720 million respectively.

11 investment institutions have invested in more than 15 potential Unicorn enterprises. Sequoia Capital participated in 69 potential Unicorn enterprises, accounting for 16.2% of the total potential Unicorn enterprises, becoming the "best pitcher" of the year. In addition, there are 44 IDG capital and Hillhead venture capital, 43 from Jingwei China, 34 from CICC capital, 33 from Qiming venture capital, 22 from Zhenge fund, 19 from Lilly Asia Fund, 18 from Aurora Borealis, 17 from Shunwei capital and 16 from Gaorong capital.

"North to Suzhou, Hangzhou and Shenzhen" gather more than 70%

At the same time, it is worth noting that by comparing the potential Unicorn enterprise report with the unicorn enterprise report released in April this year, the five largest Unicorn enterprises in China in 2020 are Beijing, Shanghai, Hangzhou, Shenzhen and Guangzhou, and more than 70% of potential Unicorn enterprises (309 in total) will gather in Beijing, Shanghai, Suzhou, Hangzhou and Shenzhen.

Specifically, in 2020, China's potential Unicorn enterprises will be distributed in 39 cities, with 117 enterprises occupying the first place, followed by 84 in Shanghai, 39 in Suzhou, 37 in Hangzhou, 32 in Shenzhen, 20 in Guangzhou, 11 in Nanjing and Chengdu, 10 in Wuhan, 9 in Hefei, 6 in Wuxi, 5 in Qingdao and Ningbo, and 4 in Tianjin.

The emergence of potential Unicorn enterprises is an indicator of regional innovation ecology. Continuous optimization of innovation and entrepreneurship ecology in various regions has also brought more potential Unicorn enterprises. Among the five cities mentioned above, the number of potential Unicorn enterprises in 2020 will be 20 or more, including 65 in Beijing, 38 in Shanghai, 28 in Suzhou, 21 in Hangzhou and 20 in Shenzhen.

This 2021 China potential Unicorn enterprise report release conference and Suzhou cooperation and exchange meeting is guided by Suzhou Municipal People's government, and jointly sponsored by Great Wall strategic consulting and Suzhou Industrial Park Management Committee. This is the second time that great wall strategic consulting released a report on potential Unicorn enterprises in China, and it is also the first time to hold a press conference in Suzhou.

"The track characteristics of potential Unicorn enterprises in Suzhou are very obvious, with 20 distributed in innovative drugs and medical devices." According to Wu Wensheng's analysis, 70% of the 20 potential Unicorn enterprises of innovative drugs and medical devices selected in Suzhou are from Suzhou Industrial Park, which indicates that the innovative medicine and medical device innovation cluster here has been formed.

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