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Three Gobi Portfolio Companies Selected for the "Unicorn & Quasi-Unicorn Enterprises 2019" List in Hangzhou

On 12 march, the 3rd Annual Growth Conference was held in Hangzhou. During the event, the "Unicorn & Quasi-Unicorn Enterprises 2019" List was announced; Gobi's portfolio company Dianwoda was selected for the Unicorns category, while two other portfolio companies, DTStack and Black Magic were chosen for the Quasi-Unicorns category. 

The Growth Conference was co-sponsored by the Hangzhou Municipal Court and the China Investment Promotion Agency. The ranking of companies on the list was done by the Hangzhou Venture Capital Association. A "micro-chain" platform was also launched at the Conference, with the aim of documenting the progress of Hangzhou's unicorns and quasi-unicorns, as well as to promote the amount of innovation present in the city. 

The list was initially announced in 2018. This year, a total of 30 unicorns were selected for the unicorns category, while 138 companies were chosen for the quasi-unicorns category. The list was focused on several industries, including: e-commerce, manufacturing technology, medical technology, and transportation. Sectors that were covered include corporate services, lifestyle services, property technology, culture and entertainment, sports, FinTech, education, and games. The total valuation of all the listed companies exceeded US$330 B. 

This year, in addition to the 30 unicorns, 67 new quasi-unicorns were identified. In terms of funding, most of these quasi-unicorns closed their Series B round. In terms of trending sectors, corporate services, medical technology, and the e-commerce industry are the ones that have produced the most quasi-unicorns. 

About Dianwoda

Dianwoda is a real-time logistics platform that uses a crowd-sourcing model for its business. They provide dedicated first-to-last mile logistics solutions that are fast, punctual, and reliable. 

About DTStack

One of China's leading data intelligence platforms, DTStack helps corporate clients to improve the efficiency of their businesses by providing integrated solutions for data intelligence. 

About Black Magic 

With the vision of "integrating and distributing global privileges to allow a few people to enjoy the world first", Black Magic provides a one-stop shop for the elite to book high-end lifestyle services in the Chinese market. The company's subsidiaries and related businesses include Black Magic Customized Goods, Black Magic Travel platform (which offers butler services and customized travel options), Fintech services, Black Magic Credit, and content services. 

Below is the complete unicorns and quasi-unicorns list for 2019: