Unicorn enterprises key to building strong cyberpower

Unicorn enterprises are an important factor in the construction of Digital China and building the country into a strong cyberpower, said Ma Li, chairwoman of the China Internet Development Foundation.

She made the remarks at the opening ceremony of the 2018 Global Unicorn Enterprise Forum held in Chengdu, Southwest China's Sichuan province, on Saturday.

The word "unicorn" is synonymous with the most innovative and successful company in the internet sector, the chairwoman said.

With the theme, "A Brand New Path to the Future", the one-day forum sponsored by www.people.cn and Chengdu municipal government was aimed at building a platform for unicorn enterprises to promote themselves, communicate with each other and develop together, she said.

According to Ma, most of the unicorn companies that participated in the forum are internet companies in the field of technology.

The number of netizens in the country totals 732 million. The internet sector still has much room for development. It can be said that unicorn enterprises are an important factor in the construction of Digital China and building the country into a strong cyberpower, the chairwoman said.

Coupled with rapid development, unicorn enterprises must shoulder social responsibility. Only in this way can the country achieve the ambitious goal of Digital China and build itself into a strong cyberpower, she said.

The list of the country's top 60 unicorn enterprises was announced at the forum. A unicorn enterprise is a start-up valued at $1 billion.