Five unicorns coming from China’s emerging verticals

The word “unicorn” was first coined by Aileen Lee of Cowboy Ventures in 2013 to refer to startups valued at $1 billion by private or public markets. They were supposed to a select group of rare and mythical creatures. Since then, however, it has expanded quickly with Chinese companies providing their fair share. Here we compile for you a list of unicorn startups coming from China’s emerging sectors.

URWork, co-working

As one of the leaders in China’ booming co-working space, URWork became the first unicorn company in the sector in January this year after receiving a 400 million RMB (58 million USD) series B at a valuation of 7 billion RMB (1.02 billion USD).

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