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in the past few years, the competition in the chinese unicorn platform sharing market has been fierce, but as the consumer internet has matured, chinese unicorns have begun to turn to more competitive fields, such as artificial intelligence, advanced manufacturing, and industrial internet. at the same time, american unicorns have also shown different development trends, especially in the fields of financial technology, network tools, software services, and medical health. however, the us venture capital market is experiencing a downward period, and the number of venture investors and the scale of funds are declining.

the changes in the chinese unicorn ecosystem are more different from those in the united states. on the one hand, american unicorns focus more on service applications, while chinese unicorns focus more on technological innovation and hard technology. on the other hand, the market competition in the chinese unicorn ecosystem is also more intense. however, chinese unicorns have learned some lessons from the past in the supervision of business innovation, and risk management is relatively better than in the united states.

even during the downturn in the overseas unicorn market, chinese unicorns have maintained a steady growth trend. the government and the market are jointly promoting the rise of the chinese unicorn ecosystem and receiving continuous support in strategic emerging industries. this is also an important factor in the future development of chinese unicorn companies.

however, with the market downturn and fierce competition, entrepreneurs also need to pay more attention to their own competitiveness and continuously optimize their business models to improve profitability. only those unicorns that can continuously innovate, optimize their business models and improve their profitability can stand out in the future competition.

looking ahead, the new generation of domestic substitution capabilities and overseas expansion capabilities will become key factors in the unicorn ecosystem and drive changes in the global unicorn ecosystem. at the same time, we also need to pay attention to emerging technology applications and business innovations around the world, as well as how to deal with the risks of overcapacity and over-hype in popular industries.