US has produced nearly 150 private unicorn companies in 2022, while China less than 10

[F-22Raptor]

The Complete List Of Unicorn Companies

A unicorn is a private company or startup with a valuation over $1 billion. Check out our updated list of every unicorn company around the globe, their top investors, and more.

www.cbinsights.com

Chinese private companies and innovation have fallen off a cliff, while US innovation continues to flourish.

 

[SaadH]

Yeah like WeWork, Theronos and Nikola...

How many of those unicorns are actually producing tangible and sustainable products and services...and not just beneficiaries of Fed's unlimited money printer courtesy of petro-dollars...

 

[F-22Raptor]

Yeah like WeWork, Theronos and Nikola...

How many of those unicorns are actually producing tangible and sustainable products and services...and not just beneficiaries of Fed's unlimited money printer courtesy of petro-dollars...

Private industry is where many of the most advanced tech and products are produced. US innovation is flourishing, Chinas private industry is getting crushed.

Not every company will make it, but OTOH, the US will be producing the next Google and SpaceX.

 

[epebble]

The Complete List Of Unicorn Companies

A unicorn is a private company or startup with a valuation over $1 billion. Check out our updated list of every unicorn company around the globe, their top investors, and more.

www.cbinsights.com

Chinese private companies and innovation have fallen off a cliff, while US innovation continues to flourish.

Almost half the companies are "Fintech" which I think sounds like Tulip Mania of 17th Century Europe.

Tulip mania - Wikipedia

en.wikipedia.org

 

[Skull and Bones]

India made 16 unicorns in 2022 so far.

 

[Menthol]

The Complete List Of Unicorn Companies

A unicorn is a private company or startup with a valuation over $1 billion. Check out our updated list of every unicorn company around the globe, their top investors, and more.

www.cbinsights.com

Chinese private companies and innovation have fallen off a cliff, while US innovation continues to flourish.

Less than 10???

LOL


Yes, I think so.

China will become the next Japan.

Perhaps the only reason for China's innovation, actually comes from the Chinese who graduate from USA.

Who are educated in USA to be creative, receive USA angel investor money, but build companies in China.

Without USA, China is just another Japan.


Just look at recent articles about unemployment among young people.

They are just simply stuck.

But in USA, young people like this are full of the spirit to be creative, innovative, and entrepreneurs.