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2019 China Unicorn Report: Beijing stays ahead (18 companies invested by Shougang Fund on the List)
2019.03.08

The Evergrande Institute's "China Unicorn Report: 2019" has been released recently, and some unicorns have been sought after by capital, and even more than the old Internet companies. Among them, Shougang Fund directly or indirectly invested in nearly 20 unicorn enterprises, and established a cooperative relationship with a number of investment institutions covering unicorn enterprises.

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Corresponding to the report content, the relevant enterprises of Shougang Fund are as follows:


Shougang Fund covered three unicorn enterprises through equity direct investment, which are shanghai zhaogang netcom corporation limited, CHJAutomotive and CHEHAODUO. Among them, the car is one of the fastest growing unicorn companies in recent years, and it is also investing and financing. In the cold environment of the market, in February 2019, the D-round financing of the Softbank Vision Fund was completed.


Shougang Fund indirectly holds 18 unicorn companies through FOF investment, of which 6 are valued at more than 5 billion US dollars, namely Jingdong Finance,  CHEHAODUO, Easyhome, WM Motor, Lianjia.com and United Image Healthcare . Other companies are:Yitu Technology, CHJAutomotive, Kuaikan manhua,MISSFRESH, TIGER BROKERS, Momenta, MEWE, QINGCLOUD,KUAYUE-Express, LIEPIN.COM, and Huayun Data Group Co.,Ltd.


Among the top 10 investment institutions which covers the most unicorn companies  covered by the report , five are the partners of Shougang Fund, namely Sequoia China,  MatrixPartners China, Qiming Venture Partners, Shunwei Capital and Zhenge Fund .


According to the statistics of the valuation of more than 1 billion US dollars within 10 years of establishment, the Shougang Fund through the FOF investment in Baby Tree, Innovent and Bilibli, although in 2018 have completed IPO in Hong Kong and the United States, but also before the listing Once reached the unicorn enterprise standard.