Recently, the Hurun Research Institute released the "2023 Hurun Global Cheetah Investment Institutions Top 50" and "2023 Hurun China Cheetah Investment Institutions Top 30", which respectively list the 50 most successful global cheetah investment institutions and the 30 most successful Chinese cheetah investment institutions, based on the number of cheetah companies they have invested in this list. Lenovo Ventures won the "2023 Hurun Global Cheetah Investment Institutions Top 14" and "2023 Hurun China Cheetah Investment Institutions Top 8" respectively for its excellent performance.
Since its establishment, Lenovo Ventures has focused on early-stage technology investment, relying on forward-looking judgment of technology trends and keen insight into the market, capturing the most potential entrepreneurial teams and projects in the fields of artificial intelligence, semiconductors, cloud computing, smart transportation, smart healthcare, new energy, etc., and has invested in more than 200 outstanding technology companies so far. Lenovo Ventures not only provides capital to its portfolio companies, but also through CVC20This unique investment philosophy and model empowers Lenovo Group's global advantages to the invested companies in an all-round way, and helps the invested companies continue to grow and realize business value through technical support, business cooperation and other ways, helping them grow into cheetah enterprises and unicorns in various fields.
About the list: The Hurun Research Institute, which provides a list of the world's largest unicorns and future unicorns, and Guangzhou Nansha jointly released the Hurun Global Cheetah Index 2023, which lists the world's high-growth companies founded after 2000 and most likely to reach unicorn-level billion-dollar valuations within five years. The deadline for valuation calculations for this list is December 31, 2022. This is the first time that the Hurun Research Institute has released the "Global Cheetah Enterprise List".
This report also includes the "2023 Hurun Global Cheetah Investment Institutions Top 50" and "2023 Hurun China Cheetah Investment Institutions Top 30", which list the 50 most successful global cheetah investment institutions and the 30 most successful Chinese cheetah investment institutions, respectively, based on the number of cheetah companies they have invested in in this list.
The Hurun Research Institute found 747 Cheetah companies in 198 cities in 34 countries around the world. On average, 66% of these Cheetah companies sell software and services, mainly in the enterprise services and fintech industries, followed by medical technology, biotechnology and software services. 34% sold physical products, mainly in the biotechnology, healthtech, semiconductor and robotics industries. 67% for businesses and 33% for consumers. The healthcare and financial services industries are most affected by Cheetah Enterprises.
"The future unicorns, Cheetah companies, deserve our greatest attention, because many of them are not yet well-known, and it should be a good time to cooperate with these start-ups or invest in them at an early stage, because they are on the way to rapid growth into unicorns, and there is a greater need for cooperation and financing," Hurun said. ”
Although these cheetah companies have been established for a relatively short time, their scale is not small, with an average valuation of nearly 3 billion yuan, and the tracks they cover are very worthy of everyone's attention, such as biotechnology and health technology, which are far the most favored by cheetah companies, and unicorn companies should also come from these two tracks in the next five years, rather than the fintech, software services and e-commerce industries we see now. ”
Whether it's a cheetah, a gazelle, or a unicorn, you can basically divide the world into three parts: the United States, China, and the 'rest of the world'. Seventy percent of the world's most powerful start-ups are in China and the United States, indicating that more of the world's top 500 companies will come from these two countries in the future. The rest of the world is dominated by India, the United Kingdom, Germany, Israel, Canada, and France. ”
Cheetah Enterprises represents the economy of the future. What they are doing and what they are doing shows which industries attract the world's top young talent and the brightest capital, and which countries and cities have the best startup ecosystems. ”
Recently, it has been very difficult for startups to raise funds, mainly because of the US interest rate hike and the global economic downturn. In the first three months of this year, global venture capital funding was half as low as it had been in the same period last year. This year we found nearly 750 Cheetah businesses, which we think could be a peak as these fast-growing businesses need financing. ”
Although the global economy is slowing down and venture capital financing is decreasing, it may be a great 'entrepreneurial era' in history, because the landing of AI and the birth of ChatGPT have only been one year, and it will soon have a huge impact on our lifestyle, thereby creating more opportunities. ”
Investment is very important for these future unicorns, and we hope that through this list, everyone can see that there are so many excellent high-growth companies in China and the world, and we hope to encourage more enterprises and entrepreneurs with economic strength to become their investors, especially early investors, to help these young companies grow rapidly, and I think this is also a very social value. It is also very difficult to identify these future unicorns, and the easier way may be through some excellent and experienced investment institutions, such as Sequoia China, CICC and Matrix Partners. ”
Generally speaking, five to seven years is a long investment period, and the Hurun Global Cheetah Enterprise List lists which companies are the most suitable for the investment stage in the world and are most likely to become unicorns within five years. Hopefully, our list will encourage more value and profit creation than just sales. ”
Our list of cheetah companies is well worth your attention, as many of these cheetah companies will be upgraded to gazelles, unicorns, or go public. In China, for example, more than 40% of this year's new unicorns come from our list of cheetah and gazelle companies, and five of the more than 30 former cheetah companies that have upgraded gazelles in the past two years have become unicorns. For example, on our list of China's cheetah companies last year, there is a solid-state lithium-ion battery development and production enterprise, Weilan New Energy, which has been upgraded to a unicorn this year, worth 17 billion, this company was founded in 2016, and its products are mainly used in new energy vehicles, electric boats and other fields. ”
Biotechnology and health technology are the two most favored tracks for Cheetah companies, and the medical and health industry is undergoing a revolutionary change. In the field of biotechnology, there are more companies in biomedicine, and in the field of health technology, there are more companies in medical devices. ”
On average, these cheetah businesses were founded seven years ago. In China, since the introduction of 'mass entrepreneurship and innovation', many start-ups have been encouraged. At this rate, if you start your business today, seven years from now in 2030, you have the opportunity to own a Cheetah business. ”
We now have nearly 2,800 unicorns, gazelles and cheetah companies, making it the world's largest startup series. With the debut of our Global Cheetah Business List, I'm proud that our startup series has finally been completed. ”
*: Hurun Report.