The Study On The Cultivation And Development Of Unicorn Company In China

In recent years,China's unicorn companies have developed rapidly and entered a steady rise period.The disruptive innovation and explosive growth brought by unicorn companies have brought new impetus to China's economic development and have played an important role in the transformation of new and old energy under the “new normal” phase in China.China's unicorn companies are distributed in 18 industries represented by e-commerce and internet finance,their valuations are marked by a “pyramid” type distribution,and taking Beijing,Shanghai,Hangzhou,Shenzhen as gathering center.The phenomenon of agglomeration is inseparable from the imbalance of China's economic.The development of unicorn companies has Significant impact on China's economy and society.On the one hand,the optimization of organizational structure and the change of development direction brought about by the unicorn company can bring new ideas to the development of the enterprise.On the other hand,original innovation and fusion innovation can realize the development of new industries and the transformation of traditional industries,let our country embark on the "new economy" development path.In addition,through the mechanism of reversal pressure,the service quality of the Hi-tech Zone will be improved.Our unicorn companies also face some problems in the development process.The inadequacy of the government's public service system have failed to provide a good ecological environment for unicorn companies.The lack of high-end entrepreneurs limited the production of Unicorns.At the same time,because of the imperfections of intermediary organizations such as venture capital institutions,business consulting agencies,and property rights trading institutions in China's market economy system,high-growth enterprises is prevented from becoming a unicorn enterprise.The imbalance in regional economic development has exacerbated the unbalanced development of unicorn companies.Therefore,the Chinese government must combine the characteristics of different stages of growth of unicorn enterprises to provide policy support for hierarchical classification.During the entrepreneurial stage,we must give full play to the role of the cradle hatching in the Hi-tech Zone,to create a good atmosphere for innovation,cultivating and introducing high-level talents for entrepreneurship;in the gazelle stage,we should establish a comprehensive investment and financing system,relatively easy tax support policy.And it is necessary to explore and improve system of technology capitalization that is beneficial to the development of unicorn companies;in the unicorn stage,we should correctly guide the strategic adjustment of enterprises and open up a comprehensive exit route for capital.