Only 3 new unicorns are from outside China: Indonesian electricity supplier company Bukalapak, Japan AI startup Preferred Networks and Philippines prefabricated housing company Revolution Precrafted (also the first Unicorn company in the country so far).
" The unicorn club has changed dramatically five years ago , dominated by European and American companies . Now , China is rapidly catching up with the United States and has surpassed Europe , " says Arik Speier , a technical director at the company ' s technology director , in the third quarter of the company .
The following is the introduction of all new Asian unicorns in 2017 (grouped according to industry):
Azure electric SUV ES8
It is China's new electric car company.
It has received investment from a number of well-known companies, including Tencent, Baidu, Redwood capital and NIO (NextEV). It will also enter the field of autopilot. The company plans to launch full auto driving in 2020.
This year, Wei has a series of actions, from displaying its automatic driving concept car Eve, to set up a showroom as a private user club in Beijing. In December, the company also launched ES8 - Model X for standard Tesla.
Mobell bike is leading one of the bike sharing Chinese startups. Thanks to the support of Tencent, Sequoia Capital, Temasek and other investors, the company has considerable funds. This is very important, after all, at the moment when shared bike companies are exploring their own business models - currently in combination with advertising and rental costs.
For this venture company from Beijing, this year's theme is overseas expansion. Up to now, its shared bike has covered 11 countries outside China and into 176 cities around the world. In November, the orange Mobell bicycle bicycle to Sydney, Australia, which joined the company's business covers the country ranks.
The company's domestic rival, Ofo, has also joined the $one billion valuation club this year.
Of course, not all companies are like the v-mobile bicycle bike sharing and Ofo so lucky and wealthy. As a result of financial difficulties, inability to pay employees' salaries and return deposits to users, many Chinese single - car companies went bankrupt this year.
Like the v-mobile bike, bike sharing in the field of another Unicorn Ofo this year also force the international expansion. In 2018, the company aimed at four countries: Russia, Italy, Czech and Holland.
Mobell bicycle Tencent investment, while the Ofo is backed by Alibaba under the group ant payment service. Ofo also access the sesame credit system whereby the payment service ants, start-up companies can make sesame credit users can reach a certain fraction from 100 yuan deposit can be used to share its bikes.
Tencent credit system is still in the testing stage, but Guangzhou was selected by the user since November to try out free deposit Mobell bicycle.
4. big search cars
The big search car is an online trading platform for new and used cars. The Hangzhou - based venture company also provides marketing and financial management services for auto dealers.
In China, as new car sales slow down, the second-hand car market is getting stronger (even though the new car market is still much bigger than the second-hand car market). People's perception of second-hand cars is a major driving force. In 2016, 47% of potential buyers thought that used cars could be a good alternative to new cars, which was much higher than that in 2011. 18%
Online platforms such as search engines also play an important role in changing people's perceptions, because their presence makes second-hand car sales more standardized and transparent.
In November, the search engine got a $335 million investment from Alibaba, which indicates that the search vehicle and the electric giant will carry out business integration and future cooperation, including the joint creation of a new automotive retail and financial platform. The other investors of the venture include ant gold clothing, Warburg Pincus and Sequoia Capital.
5. Hugo workshop
Sharing office space is everywhere in big cities in China. In the face of growing competition, the shared office space companies are trying to attract more tenants, such as beer and other benefits.
Hugo factory is one of the most powerful companies in capital market. The Beijing based company has invested many technology venture capital companies and real estate developers. Now it has shared office space in 30 different cities. In June, the company set up its first office in Singapore.
6. Revolution Precrafted
David Salle , an American artist , designed a modular house
In October, Revolution Precrafted completed B round financing and became the first Unicorn company in Philippines so far. The round is led by the Singapore wind investment company K2, and the K2 portfolio includes a number of other Unicorn companies, such as Spotify, Palantir, and so on.
Founded in 2015 , the startup is committed to selling prefabricated houses designed by world - renowned architects and designers , such as Zaha Hadid . The prefabricated houses of the Revolution Precraib are sold at an average price of about $ 120,000 and are ordered by consumers around the world for at least 90 days .
7. way home network
Chinese consumers, unlike western markets like the United States, are reluctant to live in strangers. For many families in China, it is not an attractive option to rent out of its own empty house.
If people have children, they will choose two bedroom apartments. If they have children and live with their parents, they may choose three bedroom apartments. There are people living in every bedroom, so there is no extra space for other people - we don't have the same house as it is abroad. " The president of the road home network said to Tech in Asia.
The network is called "China's Airbnb", but its operating mode is slightly different from that of the American unicorn. Its platform does not depend entirely on the owners of private houses, but to make full use of China's millions of vacant houses. It also provides help to local communities with regular management, even in large cities.
In October, the apartment hostel booking platform received $300 million E round of financing, valuation exceeded $1 billion mark.
8. small pig net
Piggy rent short network is also involved in the field B & B booking. A month after the announcement of the introduction of the unicorn club, the small pig net, which was awarded $120 million in new round financing, was also officially joined. This round of financing is led by Yunfeng fund under Ma Yun flag.
The small pig net was founded in 2012, and the founder is Chen Chi. So far, the company has a total of about 200000 rooms on its web platform, covering more than 300 cities around the world.
Artificial intelligence and large data
9. Preferred Networks
Preferred Networks, a Japanese AI venture, is committed to making more intelligent devices from robots to unmanned vehicles in many fields.
In the field of unmanned vehicles, the venture is cooperating with the auto industry giant TOYOTA. In August, Preferred Networks obtained a $92 million 600 thousand financing from the car manufacturer. The financing is used to speed up joint research on mobile travel related AI, such as object recognition and car information analysis. The venture is also working with the electronics company Panasonic and the industrial robot maker Fanuc.
As an enterprise that focuses on AI, Preferred Networks is going to compete with some technology giants. But its founder and CEO Nishikawa Tetsu (Toru Nishikawa) didn't feel afraid for it.
"Our goal is to make it a step ahead of the technology ahead of Google." He said to the Nikkei Asian review in 2015.
10.SenseTime (Tang Technology)
In China, with the increasing demand for facial recognition and image recognition technology, artificial Intelligent Company such as SenseTime are favored by investors. This summer, the Hongkong based start-up company completed a $410 million B round of financing, investors include CDH investments and private Holdings Company China Investment Co race collar capital.
SenseTime's face recognition and image recognition technology is used in many fields of industry, such as financial and An Baohe social media. Micro-blog uses SenseTime's face recognition technology to detect faces and to organize photos - and to beautify the photos. Banks and financial technology applications also use the technology of the venture to carry out facial verification and identification.
Indeed, "smiling face payment" will become increasingly popular as technology giants and start-ups are pursuing cashier's stores and unmanned stores. Next year, SenseTime plans to go public and set up a R & D center in the United States.
KFC "smiley" payment order system, Alipay and KFC in face recognition payment Chinese test
11. Cambrian science and technology
Cambrian technology was founded in March 2016, its name derived from the "Cambrian explosion", is committed to solve the problem of inefficient hardware deep learning and artificial intelligence. According to the database of Tech in Asia, the Chinese AI chip developer has been valued at $1 billion, including the Alibaba and the Chinese Academy of Sciences.
At present, the depth learning algorithm requires huge computing capacity. However, creating a special chip allows artificial intelligence to consume less computing resources. Last year, Cambrian Technology launched its first chip, Cambricon 1A, which can be applied to many industries, such as robots, UAVs and driverless cars.
12. dream workshops
The number of dream factory is a big data and cloud computing platform, its products and sesame credit, Alipay payment systems and other Alibaba closely integrated business. It also provides "new retail" support for companies to help them integrate consumer data from line and line to drive sales.
In June this year, a number of DreamWorks completed a $113 million A round of financing, including investors from Guangda industrial capital, ginkgo Valley capital and Alibaba in pursuit of investment. In addition to the Alibaba, the company's customers include Geely cars and drop trips.
13. apes tutoring
In China, educational resources are overly concentrated in large cities, and parents are increasingly seeing online education as alternative options.
This trend is a great boost to the business of apes tutoring, which is dedicated to matching students of all ages and online teachers. Parents can buy different tutoring courses for their children. API counseling provides online video live courses for all subjects, such as English and mathematics, from kindergarten to senior high school students. Parents can also screen teachers, each of the teachers' personal pages not only detail their work experiences and grades, but also include an introduction to video.
"Education is a persistent theme, and every Chinese family will invest heavily in this area." Gordon Ding, managing director of the US Huaping investment group, said in an interview with the South China Morning Post. In May, the ape counseling from the United States Warburg Pincus and Tencent received $120 million in financing, among the listed.
Like the ape mentoring, VIPKID also grasped the accessibility of the Chinese educational system. Specifically, the Beijing based venture company is committed to connecting 4 to 12 year old Chinese mainland students and high quality North American foreign teachers. 1 to 1 English courses are conducted in the exclusive online classroom of the company.
The company said it had about 200000 pay students from 32 countries by the end of this August. Its monthly revenue hit a new high in July, up to $60 million. Although the market has been Chinese EF, Wall Street and many other English English education company, but VIPKID is one of the few companies focus on children's english.
VIPKID is also one of the Tencent's portfolio companies, and other investors include Redwood capital, longitude and latitude, real fund and so on.
15. bytes (the parent company of today's headlines)
In an ecosystem dominated by Alibaba and Tencent, the rise of bytes as an independent entity has been a remarkable achievement. Its valuation is up to $20 billion, which means it is also a technology giant.
This year, the headquarters of Beijing based venture company has made many acquisitions, including the acquisition of the US video production application Flipagram and the video social networking Musical.ly, which is popular among teenagers in North America.
Both acquisitions are aimed at strengthening the headline of the flagship news aggregator of bytes. Today's headlines are known for its news push driven by AI. They use algorithms to decide to push users' articles that conform to their reading activities and preferences. According to the company, headlines today have 120 million months of active users.
In addition to bringing more data to the machine learning system for today's headlines, acquisitions like Musical.ly will also help the venture to go to the world. Bytes are aiming at several overseas markets, such as Southeast Asia, Japan, Brazil and India.
16. one bit of information
A bit of information is also a news aggregation application. It competes with the bout of today's headlines, but its users are less sticky than the latter. A bit of information said that as of January, the daily activity of its applications was 48 million.
The company was founded in 2010 and founder Zheng Zhaohui is the former president of the YAHOO Beijing Research Institute and a former Baidu executive. A little information is one of the few companies in China that have "special management equity" for the government.
In a Lazada, Shopee and many other financially strong competitors in the market, Indonesia business start-up companies Bukalapak think they have local advantages. The company's CEO Ahmed Zaki (Achmad Zaky) Tech in Asia said in Jakarta held during the general assembly, the company has been focusing on the Indonesia "do not even use Facebook" two or three line city.
"A lot of small and medium-sized enterprises find it hard to make money under the line, because the operating costs are too high. This is one of the problems we are solving - we help small companies become able to compete with large stores on the Internet. Zaki explained.
Bukalapak is ready for 2018, and competitors have been developing new round financing over the past year. In August, Alibaba invested $1 billion 100 million in Bukalapak's local competitor Tokopedia, and associated it with Lazada. Lazada is another Alibaba portfolio company, and a large electricity supplier in Southeast Asian market.
In October, the Sea, based in Singapore, was in New YorkNegotiable securitiesThe exchange is listed on the market, with a financing of $884 million. Sea is involved in online games, e-commerce, digital payment and other fields.
Therefore, as the competition in the market of the Indonesian e-commerce market continues to rise, the raising of sufficient funds is particularly important for Bukalapak. It is estimated that by 2020, the size of the market is likely to reach $130 billion. In November, the venture completed a new round of financing, and the amount of financing was not disclosed, but it entered the unicorn club. In 2015, it received B round financing from the Indonesian media group Emtek Group.
Quora, which is similar to the American question and answer website, is becoming more and more popular in China. On its platform, users get the knowledge they want by paying to experts and ideological leaders. Unlike Quora, we know that it's monetization of its industry expert network by providing paid live webcast. Users can participate in online courses, and interact with different speakers in real time.
In January this year, know almost completed a $100 million D round of financing, has become one of the columns. In 2016, the site had a total of 65 million registered users, of which 18 million 500 thousand were active users.
This year, the competition between the question and answer web site and the bout of today's headlines is intensifying. The latter is known to have dug many industry experts, and also is building its own question and answer platform. (ROBOM)
Text link https://www.techinasia.com/2017-new-unicorns