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The new Chinese unicorns: Seizing opportunity in China’s burgeoning economy

In recent years, a host of promising unicorn companies have emerged in China.  These are local startups that are generating enormous wealth early in their development. (The standard definition of a unicorn is a privately held startup valued at more than US$1bn.) Most of these enterprises are in the vanguard of their industry, leading the way for the generation of new technologies, business activities and business models. Their rise is thus regarded as a bellwether of future economic growth. 

In this report, our first annual study of Chinese unicorn companies, we surveyed and interviewed the top executives of 101 rapidly growing high-valuation enterprises.

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Sanjukta Mukherjee
Head of Thought Leadership, Marketing & Communications, PwC Hong Kong

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