Information and Communications Technology and Policy

Information and Communications Technology and Policy

Information and Communications Technology and Policy ›› 2023, Vol. 49 ›› Issue (1): 34-40.doi: 10.12267/j.issn.2096-5931.2023.01.006

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A comparative study on the development of unicorn enterprises in China and abroad

ZHANG Chunfei, WANG Juanjuan   

  1. Policy and Economic Research Institute, China Academy of Information and Communications Technology,Beijing 100191,China
  • Received:2022-12-01 Online:2023-01-15 Published:2023-02-08

Abstract:

Unicorn enterprises are the most representative of creativity in the new economy driven by new science and technology, which reflects the vitality of a country or region’s economic innovation and development. In the context of the new round of technological revolution and industrial transformation, unicorn enterprises all over the world have maintained a high-speed growth in recent years. 2021 sees extraordinary growth of newly-born unicorns more than past five years added together, thanks to a wave of digitization and the wealth effects of easy monetary policy. In 2022, the growth rate of unicorns slowed due to Ukraine crisis, the global economic downturn and other factors. The number of unicorn enterprises in our country has been in the second place in the world, but the situation of widening gap with the United States, Europe and India has expanded which is worthy of great attention. This paper makes a comparative study on the development of unicorn enterprises at home and abroad, and puts forward some policy suggestions to promote the high-quality development of unicorn enterprises in our country from the aspects of the incubation speed of unicorn enterprises and the sustainable development potential of enterprises.

Key words: unicorn enterprises, new technology, innovation and development

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