Chasing unicorns in 2016

Unicorns – startups valued above $1 billion – are meant to be rare. Asia now has a herd of them and a cull may be in the offing.

Unicorns startups valued above $1 billion are meant to be rare. Asia now has a herd of them.

Across the region new industries such as fintech, social media and big data are flourishing by supplying services to a burgeoning middle class in super-wired cities. These relative newcomers include Xiaomi consumer electronics, Lufax peer-to-peer lender, Flipkart and Coupang e-commerce.

What used to be the stuff of legend is now relatively commonplace. According to CB Insights, there are 29 Asian unicorns with an aggregate value of $149 billion, which equates to 30% of the price of all unicorns globally.

There are many more...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222