First month of 2017 sees three freshly minted unicorns. Two are from China

First month of 2017 sees three freshly minted unicorns. Two are from China

At a time when funding and mega deals in the region including China are expected to maintain a somber performance this year, carrying forward the trend from 2016, China has presented a positive surprise giving the world two of its latest unicorns — startups with valuations over $1 billion — among the three that made an entry to the list last month.

In the first month of calendar year 2017, three companies stepped into the unicorn club: China based question and answer website Zhihu, China’s office space company URwork and US-based cloud video conferencing company Zoom Communications, according to the CB Insights data.

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