Rising Tech Stars: Trends and Startups 2019
We have prepared a series of reports on the next generation of companies across several sectors around the globe. Our coverage includes 11 industries that have been affected the most by cutting-edge technology and are likely to shape the international economic landscape of tomorrow. This series is to be presented during the World Innovators Meet 2019, an annual event gathering global leaders from a variety of fields at the heart of Beijing.
In this report, we focus on the development of early-stage startups, investigating the investment environment on a global scale. Based on market valuation, financing history and various development indicators, we selected the Global Rising Tech Stars 100 and China Rising Tech Stars 100.
The global GDP growth is expected to slow to 2.6% in 2019. Weak trade and low consumer confidence have left the world in its weakest year since 2015. Currently, the global economy is characterized by slowing international trade growth, depressed international investment activity, increasing national debt levels and continued financial market turmoil. The trade tensions and anti-globalization trends greatly affect the stability of the world economic growth.
Under these circumstances, we urgently need a way to solve different economic and environmental problems. We believe that innovation is an important way to alleviate difficulties. Every country needs to innovate, every industry needs to innovate, companies in each industry need to innovate, and talents in each enterprise must innovate. The power of innovation affects future growth.
‘Rising stars’ represents the vitality of 'new economy,' the possible future growth, as well as presenting more practical solutions to current difficulties. It is expected that these enterprises would be the next hotspot for investors.
Rising Stars can help industries and businesses understand what efforts and considerations are being made in various fields and tap into possible future growth in these industries. This is exactly why we, through meticulous research and thorough analysis, eventually selected the 2019 Global Rising Stars 100 and China Rising Stars 100.
How to choose the 'Rising Stars'?
Global startups with huge innovative potential often represent the main direction of investment and economic growth. Therefore, they should have the following characteristics: growth potential, flexibility and strong business fundamentals.
We evaluated the 'Rising Stars' from five dimensions: enterprise vitality, growth, business fundamentals, reputation in the industry and capital attraction. Main screening criteria: founded over the past 5 years, early-stage financing received, valuation between CNY 100 million and CNY 700 million, subsector, obtain well-known VC investment from November 2018 to November 2019, and no major social negative.
►Based on public data, we found that the Global Rising Tech Stars are distributed across 20 countries. More than ten companies are located in the United States, China, India, and the United Kingdom. Israel and Singapore rank fifth and sixth with a total of six and five companies, respectively.
►The enterprises belong to 19 industries. Major industries with the largest number of enterprises are fintech (21), enterprise services (20) and healthcare (20).
►China's Rising Tech Stars are scattered across 22 subsectors. The three sectors with the largest number of such startups are enterprise services (18), consumption (10), healthcare(10), fintech and artificial intelligence.