Starting with the mass disappearance of unicorns: How does China strike a balance between innovation and order?

If we observe the comparison of new unicorn companies in China and the United States over the years, we can clearly see the changes in the number of new unicorn companies in the two countries.

Before 2017, the number of new unicorn companies in China and the United States was basically the same, and in most years, China could surpass the United States.

However, since 2018, with the rapid shrinking of new unicorn companies in China and the rapid increase in the number of new unicorns in the United States, this data gap has begun to widen rapidly.

In 2019, the ratio was 22:58, and the United States was 2.6 times that of China; in 2020, the ratio expanded to 14:73, and the ratio of the United States was 5.2 times that of China; in 2021, the ratio expanded to a staggering 3:132, the United States is 44 times that of China!

A more startling fact is that in 2021 India will also quietly surpass China in the total number of unicorns.

This is the first time in decades that the total number of unicorn companies in India has surpassed that of China!

Without the international status established by Chinese Internet and technology companies, it is impossible for the general public to enjoy the high convenience brought by Internet technology.

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Now, the high-tech companies that can be called and influential in the Chinese market, especially a large number of companies that have grown rapidly around communication and network technology in the past few years, including Huawei, ZTE, Tencent, Ali, ByteDance, etc., are all made by From small to large, growing up from unicorns.

Over the past few years, in the process of growing from unicorns to giants, some emerging technology companies have indeed brought a lot of market problems due to their disorderly expansion. Shouting situation.

But on the other hand, most people of insight can also realize that it is precisely thanks to the birth and growth of such a large number of technology unicorn companies that China has grown into the second largest economy in the world, and has become a newcomer in network technology and network technology. The only country that can compete with the United States in the economic field, or even pose a serious threat to the United States' hegemony in this field, has become one of the biggest winners of the world's digital industrial revolution.

It can be said that without a large number of rapidly growing unicorn companies, there would be no Chinese economy today, and without the international status of Chinese Internet and technology companies in this field, the general public would not be able to enjoy the benefits of Internet technology and other benefits to production and life. Highly convenient to come...

For details, please read the 317th issue of "Hong Kong 01" Electronic Weekly Newsletter (May 16, 2022) "

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