The vast Chinese start-up ecosystem is a new field of engagement for the materials manufacturer Covestro. For this reason, the company, together with the market research consultants of ‘KAIROS Future’, facilitated a new, comprehensive study of the broad landscape that has developed over recent years.
A short version of the joint study is available for download. Nurtured through government policies and investments and triggered through entrepreneurial success stories like Alibaba and Tencent, a new ideal of becoming entrepreneurs has emerged among young Chinese.
In 2017, over 100 Chinese start-ups were listed in stock markets around the world, and more than 270 companies were in the list of Chinese ‘unicorns’, meaning companies younger than ten years and valued with around one billion Euro or more.
With venture capital assets of around 650 billion Euro, China is now second only to the US when it comes to global venture capital. Covestro wants to take part in this development and looks into ways to cooperate, invest, teach and learn from the start-up environment in China.
