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China doesn’t just have unicorns. It has ‘decacorns’

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Old 10-17-2017, 08:04 PM
RyanCaleb RyanCaleb is offline
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Default China doesn’t just have unicorns. It has ‘decacorns’

China’s tech start-up scene is frisky: the country now boasts at least 100 unicorns – private companies with a $1 billion valuation - and eight decacorns, valued at over $10 billion. These include Ali Baba’s Ant Financial, ride-sharing giant Didi Chuxing, smartphone-maker Xiaomi and Tencent Music. The combined net worth of these 108 companies is around US$435 billion, nearly the size of the Belgian economy – prompting some fears of a potential bubble.

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