I am frequently asked why our China Unicorn Ranking has 108 unicorns, while some Silicon Valley-based data firms have the number at 45. How do we explain the vast difference? The simple answer is that we are a Hong Kong-based Chinese intelligence firm, with reporters in China’s major innovation hubs of Beijing, Hangzhou and Shenzhen. We do thorough research with most of the source materials being Chinese language filings or other source documents. The more complex answer is that valuing …

Are There Really Just 45 Unicorns In China? appeared first on China Money Network.

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