News Daily

The Times

News from Asia

  • Written by Media Outreach
HONG KONG SAR - Media OutReach Newswire - 28 August 2024 - The 5th China Unicorn Carnival, hosted by TOJOY Shared Group, was a resounding success in Beijing, China, attracting over 80 distinguished guests and more than 2,000 entrepreneurs, fostering a dynamic ecosystem for innovative businesses and China's unicorn enterprises.

TOJOY Chairman and CEO, Mr. Ge Jun, emphasized the need for businesses to transition from traditional capital-driven models to resource empowerment. He highlighted that the "Second Curve of Unicorn Enterprise Increase " model, launched by TOJOY, is specifically designed to facilitate this shift and help companies overcome development bottlenecks.

During the event, TOJOY explored the crucial role of China's unicorn businesses in driving the development of "new quality productive forces", a key government policy direction. TOJOY also announced the launch of the "Second Curve of Unicorn Enterprise Increase " model, signifying a new chapter in its enterprise acceleration endeavors.

Beyond Capital: The "Second Curve" Model for Unicorn Success

TOJOY, a leading enterprise incubator and unicorn accelerator platform in China, has accumulated rich practical experience in the market operation of enterprise acceleration. The Chairman of the Board and CEO of TOJOY, Mr. Ge Jun, stated at the event that, in the face of the challenges faced by unicorn enterprises today, businesses need to break through the traditional capital-driven model and shift towards resource empowerment. This involves integrating resources, sharing services, and implementing innovative strategies to overcome development bottlenecks.

TOJOY's "Second Curve" Model: A New Approach to Sustainable Growth for Unicorns To empower businesses in their transition, TOJOY has introduced the "Second Curve of Unicorn Enterprise Increase " model. This model emphasizes a strategic shift away from sole reliance on capital, encouraging enterprises to leverage platform power. Through comprehensive resource sharing and integrated service support, the "Second Curve" model helps companies overcome bottlenecks and achieve sustainable growth.

TOJOY's "Second Curve of Unicorn Enterprise Increase " model provides financial support and comprehensive services such as resource matching, technical support, and management support, creating an efficient growth ecosystem for growth-stage enterprises.

Mr. Ge Jun emphasized, "TOJOY possesses mature resource integration capabilities, a professional service system, and a deep understanding of the market. Our shared platform connects traditional enterprises with innovators, bridging the information gap and helping businesses identify suitable innovation partners."

TOJOY and GuoYan Institute of Economic Research Release White Paper on Unicorn Enterprise Growth

In addition to launching the new model, TOJOY recently collaborated with GuoYan Institute of Economic Research to release the "White Paper on the Growth Path of China's Unicorn Enterprises" ("White Paper") at the Conference Center of the National People's Congress. Themed "Forecasting 2024 Chinese Economy", the paper explored the vital role of Chinese unicorn companies in driving the development of new production forces. The White Paper also provided businesses with market research, forecasting, practical advice, and guidance to help them navigate challenges.

The White Paper presents a detailed analysis of the distribution of unicorn companies across China's industries, highlighting the "Software and Information Technology Services" sector as the leading industry,with 50 unicorn companies. This segment accounts for a substantial 9.6% share of China's total unicorn population. Closely following are the "Other Technology Promotion Services" and "Computer Communication, and Other Electronic Equipment Manufacturing" sectors, with 43 and 28 unicorn companies respectively. These segments have captured 8.2% and 5.4% of the overall unicorn market share, underscoring their growing prominence.

Concurrently, the share of technology innovation among potential unicorns has also been continuously rising. Among the 924 potential unicorns, 140 are from the "Other Technology Promotion Services" industry, accounting for 15.2% of the total. As for the "Research and Experimental Development" and "Software and Information Technology Services" sectors, they possess 105 and 77 potential unicorn companies respectively, accounting for 11.4% and 8.3% respectively.

The data mentioned above reflects that unicorns in China have shifted to being technology-driven, with the proportion of technology unicorn enterprises continuously rising. This indicates that unicorns, as carriers of the nation's scientific and technological innovation capabilities and development potential, are playing a crucial role in cultivating new productive forces.

The White Paper, a joint effort of TOJOY and the National Research Institute of Economics, illuminates the growth path of Chinese unicorn companies and underscores their critical role in driving new production forces in an increasingly competitive global tech landscape.

Hashtag: #Fintech #Incubator #Entrepreneur

The issuer is solely responsible for the content of this announcement.

Read more

Split Corrugated Conduit for Flexible Cable Protection

For wiring assemblies in vehicles, machinery and equipment, choosing suitable cable protection helps keep cables organised and reduces direct contact with surrounding parts. Mojak Plastics supplies plastic tubing and conduit options for different installation needs, and split corrugated conduit can... Read more

Trailers Melbourne Buyers Can Compare: When Box Trailers Make Sense

For many homeowners, businesses and tradespeople, trailers Melbourne customers use every week need to be versatile enough for changing loads. A box trailer can be particularly useful because its enclosed sides help contain cargo while providing a straightforward loading area... Read more

Bottle Label Printing That Balances Design and Readability

Product labels need to attract attention while making information easy to find and understand. On a bottle, the available space may be limited by the container’s shape, so every design decision matters. Bottle label printing should account for visual hierarchy... Read more

Office Cleaning Melbourne: Planning a Consistent Workplace Routine

Businesses looking for office cleaning Melbourne need a plan that reflects the way their workplace operates. A clean office supports day-to-day organisation, helps shared spaces remain presentable and gives employees and visitors a more orderly environment. Eco Green Cleaning Management... Read more

Pinboard Solutions for Offices, Schools and Shared Information Spaces

Why a Pinboard Remains Useful A pinboard provides a simple way to display information that needs to remain visible without being rewritten. Lawdex supplies fabric and cork options for offices, schools, staff areas and other environments. A pinboard can be used... Read more

Retractable Hose Reel: A Practical Guide To Choosing The Right Hose Storage

A retractable hose reel can make hose storage more organised, accessible and practical in workshops, commercial facilities, service areas and other working environments. Instead of leaving a hose coiled across the floor or requiring staff to manually wind it after... Read more