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The best opportunities in the worst times, the best opportunities for medical start-ups are bullish|01 Weekly

2021-05-08T16:17:28.433Z

According to the latest statistics from CB Insights, a world-renowned venture capital research institution, there are 654 unicorn companies in the world, with a total valuation of more than $2,140 billion. Among them, China’s ByteDance is ranked at a valuation of US$140 billion



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Written by: Cao Minwei

2021-05-07 14:56

The last update date: 2021-05-07 14:56

According to the latest statistics from CB Insights, a world-renowned venture capital research institution, there are 654 unicorn companies in the world, with a total valuation of more than $2,140 billion.

Among them, China's ByteDance ranks first with a valuation of US$140 billion, US financial technology company Stripe ranks second with US$95 billion, and third is Space X, a space technology company with a valuation of US$74 billion (see table) .

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ByteDance and Stripe can be said to have "benefits" in the epidemic.

Before the epidemic, ByteDance had successfully achieved great success in the United States, Southeast Asia, Japan and other places. Its short video platform TikTok, the international version of TikTok, was more sought after by young people from all over the world, and was also praised by the An international technology giant that emerged from China."

Under the epidemic, people trapped at home are more keen to play social media, which makes the market optimistic about the prospect of Bytedance.

Therefore, even if TikTok is "blocked" by the US and Indian governments, the global download volume still remains high.

Before the epidemic, ByteDance had successfully achieved great success in the United States, Southeast Asia, Japan and other places. Its short video platform, TikTok, the international version of TikTok, was more sought after by young people everywhere.

(Profile picture)

Online payment is also popular because everyone is fighting the epidemic at home.

Last year, Stripe's payment for online transactions doubled, involving more than 200 billion U.S. dollars; its valuation reached 95 billion U.S. dollars.

The market believes that online financial services will have more room for development. Financial unicorns such as Stripe, PayPal, Checkout, Square, and Ant Group, which was not on the list due to listing issues, have all attracted the attention of global investment funds.

Epidemic off-line consultations are hot

Of course, for some unicorns, 2020 is the worst financing year in history, and many unicorns have suffered serious business losses.

During the epidemic, WeWork, the leading shared office, closed a large number of shared spaces and lost US$3.2 billion for the year. Its valuation fell from US$47 billion in 2019 to US$9 billion.

The home-sharing platform Airbnb also recorded a loss of US$4.6 billion last year and needed to lay off about 2,000 employees; Airbnb broke away from the unicorns and officially listed in December last year, and its market value is still as high as US$100 billion.

JD Health is currently China's largest online medical and health platform. More than 1.7 million patients have used its online medical services during the epidemic.

(Profile picture)

However, for medical startups, the epidemic presents them endless opportunities.

JD Health is the best example.

For detailed analysis, please read the "Hong Kong 01" weekly newsletter.

The above is excerpted from the 263th issue of "Hong Kong 01" Weekly (May 3, 2021) "The Worst Times Achieves the Best Opportunities and the Market for Medical Startups Is Bullish".

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Featured content of the 263 issue of "Hong Kong 01" Weekly News:

[Cover report] Green bonds become a new trend, Hong Kong can become a green financial center

Meituan's anti-monopoly investigation and rectification of the platform economy has just begun

U.S. dollar hegemony begins to decline, forming a global trend of "de-dollarization"

Political turmoil does not stop at Modi's India epidemic affecting Indo-Pacific geostrategy

The new generation of unicorns that changed the world

The EU presents the strictest bill to supervise the AI ​​era

Unicorn Startup Innovation Technology 01 Weekly Medical Technology New Coronary Pneumonia

Source: hk1

All news articles on 2021-05-08

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