Unicorns aren't only a US thing. Here's 11 of Asia's VC-backed tech high-flyers.
The billion-dollar club in America is getting less exclusive, but what’s happening in Asia? Eleven private VC-backed companies currently have billion-dollar valuations as listed in the table below. Israel was not included in this analysis. Interesting points:
- 9 of the 11 companies on this list are e-commerce companies
- IDG Capital Partners, QiMing Venture Partners, Temasek Holdings, and Accel Partners have each invested in 3 companies on this list.
- More than half of the companies are located in China
- Xiaomi, VANCL, Lashou Group, and Dianping reached billion-dollar valuations in 2011, while Avito, Coupang, Snapdeal, Mogujie and Yello Mobile reached billion-dollar valuations in 2014.
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This report was created with data from CB Insights’ emerging technology insights platform, which offers clarity into emerging tech and new business strategies through tools like:
- Earnings Transcripts Search Engine & Analytics to get an information edge on competitors’ and incumbents’ strategies
- Patent Analytics to see where innovation is happening next
- Company Mosaic Scores to evaluate startup health, based on our National Science Foundation-backed algorithm
- Business Relationships to quickly see a company’s competitors, partners, and more
- Market Sizing Tools to visualize market growth and spot the next big opportunity