Unicorns see big expansion scope abroad--China Economic Net
More and more expansion-minded Chinese unicorns, or startups valued at $1 billion or more, are eyeing overseas markets despite growing challenges, according to a new report from Accenture, a global professional services firm. Eighty-two percent of 87 Chinese unicorns surveyed by Accenture said they plan to enter overseas markets within 24 months. Jenny Li, head of Accenture operations in Asia-Pacific, Africa, the Middle East and Turkey, said Chinese unicorns are reaping many growth opportunities by going overseas. Many of them have already developed good businesses in Southeast As...