China's 203 unicorns: how many do you know and what opportunities are there for you?
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Description
When I first went to China in April 2019, I was shocked by how little I knew about Chinese tech companies and consumer products. Even as a Chinese (Canadian) working in the US, at a cross-border company, Wish, I paid little attention to the Chinese e-commerce environment, China, and the rest of the world. I googled "Unicorns in China" and came across the first hit, Wikipedia's list of global unicorns. At the time of this search, I could probably count all the public and private Chinese tech companies I knew on my fingers and toes - this proved to be accurate as Wikipedia listed 227 Chinese unicorns, and only 20 of them had links. This means 207 Chinese companies valued at over $1 BILLION USD practically don't exist on the entire Western internet. How can we learn from the best, connect with the world, and increase global productivity if we don't even know what we don't know?  In this episode I talk about three defining characteristics of the Chinese tech ecosystem and how we can all take advantage of opportunities presented to us by the state of Chinese tech!
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