Sequoia, Tencent and IDG are the top investors in Chinese unicorns, says report

//Sequoia, Tencent and IDG are the top investors in Chinese unicorns, says report

Sequoia, Tencent and IDG are the top investors in Chinese unicorns, says report

Sequoia Capital China, Tencent Holdings and IDG Capital are the three top ranking investors in Chinese unicorns, according to a new report.The Hurun report lists 202 unicorns, start-ups valued at more than US$1 billion, in China as of the first quarter of 2019. Sequoia China has invested in 53 of them, Tencent has put money into 31 and IDG has invested in 25.“China has the largest number of unicorns in the world,” said Rupert Hoogewerf, chairman and chief researcher at Hurun.More than 70 per…

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By | 2019-05-13T22:00:04+00:00 May 13th, 2019|Technology|Comments Off on Sequoia, Tencent and IDG are the top investors in Chinese unicorns, says report