瑞信－中国独角兽：它们的繁殖地在na里？－中国投资策略－2018.11.1.pdf

1 November 2018 Asia Pacific/China Equity Research Thematic Research China Unicorns Research Analysts THEME Vincent Chan 852 2101 6568 vincent.chan@ China Unicorns: Where are their breeding Hu Shen grounds? 852 2101 6540 hu.shen@ Bin Wang Figure 1: Unicorns by countries 852 2101 6702 bin.wang@ Charles Zhou, CFA China/HK 852 2101 6177 No. of unicorns: charles.zhou@ UK 79 (29% of total) Serena Shao No. of unicorns: Aggregate valuation: 852 2101 6438 US$285 bn (33% of total)