China O2O arms race began, venture capital valuation soared
Phoenix Technology News Beijing on December 9th news, Reuters published an article that Chinese O2O technology in the field of the emergence of a group of over $1 billion valuation of the "unicorn" companies, but these companies are overvalued, while revenues and profits have no guarantee of future entrepreneurs face death risk.
is the Reuters report below:
Unicorn growth, unicorn body will grow
Shequ001 is a start-up company, when the user through the phone from the supermarket shopping, Shequ001 can be responsible for delivery. The Shequ001 office is located in Beijing a nearly deserted corridor area, the accumulation of a lot of leaflets.