ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

China's ex-unicorns find success challenging as public companies

Startups battle to win over penny-pinching customers and skeptical investors

SHANGHAI -- As any schoolchild can tell you, a unicorn is a mythical, horse-like creature with a single horn and magical powers. It is also the term for unlisted companies valued at $1 billion or more. In China, however, many of these corporate beasts find their post-IPO reality distinctly lacking in magic.

They now find their stock prices below their IPO levels, and some are struggling to bring in enough revenue. Investors are shying away from Chinese stocks as the U.S.-China trade row heats up and companies deal with sluggish earnings.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more