Chengdu launches Global Unicorn Enterprise Forum on May 19

The 2018 Global Unicorn Enterprise Forum was held today in Chengdu, southwest China’s Sichuan Province, in a bid to tap the new commerce ecology of unicorn enterprises worldwide.

In a video link from a parallel dialogue held in the US’s Silicon Valley at the same time, a multi-party talk themed “A Brand New Path to the Future” also brought together the world’s leading unicorn representatives and authoritative figures in business.

Renowned panelists from Silicon Valley including JP Morgan, Quanergy, and BGI Genomics, as well as China’s pioneering enterprises APUS, FraudMetrix, and GSR Ventures, joined in the brainstorm with the overseas unicorns, empowering the world’s unicorn enterprises to integrate and share results.

Tang Weihong, vice president of People’s Daily Online, elaborated in her speech that the growth of unicorn enterprises closely interrelates to the many innovations and strong entrepreneurial ecosystem.

“Boosting the healthy growth of unicorn enterprises is among the primary focuses of our work, which will transfer future cooperation from the areas of internet governance and big data to the areas of technological innovation and economic development,” Tang continued.

The Blue Book of China's New Economy Development released at the forum indicates a rising trend of unicorn enterprises in China, which ranks second only to the US in terms of total volume. And the number of such enterprises is expected to grow rapidly in the coming years.

The Blue Book also shows the technologically-innovated unicorn enterprises will be also attached special importance in the listing and financing by the regulatory authorities.

Top 60 China's Most Valuable Unicorns and Top 60 China's Most Valuable Gazelles, measured in multiple factors, such as market valuation, investment value, and technology potential, were released at the forum. Gazelle enterprises refer to the small, young and fast-growing enterprises in both employment and sales, with at least 20% annual growth in revenue for more than four years.

During the conference, big data alliance in social service apps and the Unicorn Club were announced at the forum, aiming to promote the regional economic development.

The Forum was hosted by People’s Daily Online and the Chengdu Municipal Government and jointly sponsored by China Internet Development Foundation (CIDF) and Asset Management Association of China (AMAC). 

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