What is a unicorn enterprise?

Unicorn enterprises, also known as "unicorn companies", are simply defined as start-ups with a valuation of more than 10 billion US dollars, and some investment institutions define "start-ups" as less than 10 years. Unicorn enterprise is regarded as an important vane of new economic development, mainly concentrated in high-tech fields, especially in the Internet field, and is considered to be a concept created by venture capitalist AileenLee in 20 13.

The word "unicorn enterprise", after being created, quickly became popular in Silicon Valley and appeared on the cover of Fortune. From 2003 to 20 13, only 39 companies stood out from more than 60,000 competitors and achieved a valuation of $654.38 billion.

In the wave of mass entrepreneurship and innovation, "unicorn" enterprises have become an important engine to promote high-speed economic growth and move towards the middle and high-end level. In 20 15, there were only 70 unicorn enterprises in China, but by 20 13 1 year, technology-driven enterprises accounted for the vast majority, and national high-tech zones produced 104 enterprises.