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在线翻译:
szdaily -> Business -> 
Chinese unicorns see steady growth in 2020: survey
    2021-02-08  08:53    Shenzhen Daily

Zhang Yu

JeniZhang13@163.com

A MAJORITY of Chinese unicorns reported that they sustained steady growth in 2020, with a number of them saying that the pandemic has brought positive business impacts to them, according to a survey report recently released by accounting firm PwC.

The survey was conducted by PwC from October 2020 to January 2021 via questionnaire surveys, face-to-face interviews, data model analysis and text analysis.

A total of more than 100 executives of unicorn companies across 11 industries responded to the questionnaire, the firm said.

According to the survey, the pandemic is only considered to have a significant impact by 38 percent of unicorn companies. Among companies that regard the pandemic as “a significant/moderate impact,” 51 percent of companies believe that its positive impact is greater than its negative impact.

In terms of revenue growth, the majority is very optimistic – 57 percent estimate revenue growth of more than 50 percent in 2020, and 74 percent expect revenue growth of more than 50 percent in 2021.

Benefitting from the rapid recovery of the Chinese economy, unicorn companies are generally optimistic of growth prospects in 2021, the survey showed.

Technological innovation remains the top priority for all unicorns. About 58 percent of the survey respondents regarded “technology” as the core competitive advantage.

A unicorn company is a privately owned startup that has a valuation of US$1 billion or more. China was home to 227 unicorn companies in 2020, trailing just behind the United States with 233, according to a report published by the Hurun Research Institute in August last year.

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