| Unicorns or venture-backed companies with a valuation of more than $1 billion that now total 131 worldwide, face strong headwinds in these shaky economic times.
China, which weighs in with 18 unicorns - up from 11 just a year ago - could see the growth rate slow for this billion dollar club.
Look for far fewer financings at stratospheric levels as venture capitalists retrench and harvest current portfolio companies for investment returns. VCs that invested early before valuations soared in later financings will be the winners.
admit it's been challenging to gauge when to go ahead for fear of missing out on a champion or when to hold back due to risks.
TOP TEN CHINA UNICORNS
Silicon Dragon's ranking of China's top ten most valued Chinese startups (below) offers a snapshot of these breakthrough leaders.
1. Xiaomi: $46B
2. Didi Kuaidi $15B
3. Lufax $10B
4. DJI Innovations $10B
5. Metuan $7B
6. Dianping $4.05B
7. VANCL $3B
8. Trendy Group International $2B
9. Lakala $1.6B
10. Koudai Gouwu
for commentary on the Top 10
plus 8 more Chinese unicorns!
AirBNB's Strategy To Get Behind The Great Wall Bypasses Hurdles
|Tujia co-founder Melissa Yang.|
AirBNB's strategy to penetrate the Chinese market seems smart considering local competition and barriers to U.S. brands in China.
AirBNB will chase business from Chinese tourists traveling abroad - a huge market! It's a good tactic to build up brand recognition and loyalty among Chinese travelers, in the Mainland and abroad.
AirBNB faces competition from well-funded Chinese unicorn Tujia.
Tujia's co-founder Melissa Wang is speaking at
SILICON DRAGON @ FORBES
Uber China is raising $1 billion-plus in a round that values the ride-sharing app at $7 billion. Uber China is eyeing a spin-off and IPO on the Mainland. Candice Lo, who heads up Uber's expansion in China, spoke at a recent Silicon Dragon forum in Hong Kong.
Hardware startups move quickly and very differently in China. Here are 8 key reasons why.
By Benjamin Joffe at HAX hardware accelerator in Shenzhen.
Jack Ma Amazing Interview:
View More Program Videos at
A Glimpse of Silicon Dragon's Circle Roundtable In The Valley
Pictured above: Rebecca Fannin, Victoria Wu of Tencent, Robin Li of GGV, Amy Gu of Evernote, Chuck Comey of Morrison & Foerster and Oliver Jay of Dropbox