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AI Commercialization: How Companies are Cashing in on the AI Revolution

Professor AnalysisOctober 22, 2025

It has taken decades for AI to become the investment honeypot it now is. The concept was first proposed in a meeting in Dartmouth College in 1956. Now well into the 21st century, a wave of computing breakthroughs and big data storage advances have accelerated the development of AI to the cusp of mainstream commercial application. Success in vertical supply chain integration and automation showed us the power of artificial intelligence in data-driven efficiency. Customer services are another example. AI can handle various customer inquiries at the same time. Public safety departments are using AI to facially identify suspects. In […]

How Can Chinese Unicorns Continue to Win Globally?

Professor AnalysisOctober 22, 2025

Since in 2013 U.S. venture capitalist Aileen Lee coined the term “unicorn” to describe privately held startups valued at over US$1 billion, unicorns have become global symbols of innovation-led growth. Today, however, they are navigating a far more complex operating environment—tightened regulations, heightened geopolitical risk, and a slowing global economy are reshaping the game. The last few years have marked a turning point. Compliance demands are heavier, market hotspots are shifting faster, and unicorns are becoming smaller, sharper, and more technology-intensive. Artificial intelligence—particularly AIGC and large language models—has ignited investor enthusiasm. Meanwhile, sectors such as advanced manufacturing, semiconductors, and renewable […]

A billion dollar valuation ≠ success? A new period of change for global unicorns has begun

Professor AnalysisAugust 21, 2025

Structural adjustments in the unicorn ecosystem The total number of unicorns—a non-listed company with a market value of over $1 billion—globally continues to grow, albeit more slowly than before, and artificial intelligence (AI) is undoubtedly the biggest sector for opportunity in the unicorn ecosystem at the moment, with the AI wave driving much of the growth. The total number of unicorns worldwide is now, conservatively, approaching 1,300 across 53 countries, with a cumulative valuation of $4.5 trillion. The number of companies in China qualifying as unicorns has stabilized after a sharp decline in recent years, but structural adjustments are ongoing. […]

CKGSB webinar explores how AI is reshaping global industries

NewsJuly 4, 2025

CKGSB Launches New White Paper: “China’s Role in the Global AI Race”

NewsJuly 1, 2025

Digital Resilience: AI and China’s Digitalisation in a Fractured World

EventJune 23, 2025

Date: July 1, 2025 Time: 09:00 to 10:30 UK Time (16:00 to 17:30 Beijing Time) Format: Online via Zoom How are global CEOs rethinking strategy in the age of AI, geopolitical risk and digital fragmentation? As global markets become increasingly fractured, business leaders face a critical challenge: how to build resilience while continuing to grow. This timely online event, hosted by Cheung Kong Graduate School of Business (CKGSB), brings together leading voices from academia and industry to explore how China’s AI and digital transformation are reshaping the fundamentals of global business. The session will also mark the launch of CKGSB’s […]

Driving the digital economy: Chinese influence on Southeast Asia’s digital landscape

ArticleApril 30, 2025

The Asia Start program is crucial because it provides startups and scaling businesses across the world with strategic insights, networks, and resources to navigate the rapidly evolving digital economy. Given China’s profound impact on digital transformation, the program helps companies leverage Chinese expertise in e-commerce, fintech, AI and EVs. It also fosters cross-border collaboration, investment opportunities, and knowledge-sharing to accelerate growth and competitiveness in the region. Asia Start in Context Looking at the digital economy across Southeast Asia you can see the fingerprints of Chinese influence in almost any sector, from e-commerce to fintech to food delivery. Over the past […]

CKGSB Professors’ Insights on the Two Sessions: Key Strategies for 2025

NewsMarch 12, 2025

On March 5, 2025, the Third Session of the 14th National People’s Congress officially opened, with Premier Li Qiang delivering the Government Work Report, outlining China’s macroeconomic goals and key policy priorities for 2025.

From Startups to Unicorns:
Unlocking Growth Through Ecosystems

PublicationJanuary 24, 2025

How can unicorn companies accelerate their growth trajectory?

Professor AnalysisJanuary 22, 2025

In the wave of global economic transformation and technological revolution, unicorn companies, as exemplars of innovation-driven growth, continue to capture attention from all sectors. How are unicorn companies able to grow in an environment marked by global economic uncertainty? In an era of rapid technological advancement, which industries still have the potential to become the focal points of capital and innovation? In the face of escalating international competition, how can Chinese unicorns achieve breakthroughs? Recently, Professor Teng Bingsheng from Cheung Kong Graduate School of Business delivered a keynote speech at the 2024 16th Startup 100 Future Unicorn Conference. His talk, […]

CKGSB Successfully Hosts 2024 Graduation Ceremony with 1,041 Graduates

NewsNovember 22, 2024

The Evolving Landscape of Unicorn Growth: New Trends and Investment Shifts in China

Professor AnalysisSeptember 30, 2024

What is happening to China’s once-booming unicorn ecosystem? Why are unicorns, previously fueled by rapid growth and aggressive capital, now struggling to differentiate themselves? In this article, we explore why unicorns have now chosen to adopt more pragmatic strategies, how government-backed funds are becoming the dominant players, and what trends are shaping the future of startups. 01 The New Trends in China’s Unicorn Ecosystem. As high-risk, high-reward investments, the slowdown in the growth of unicorns is largely due to more cautious investors. According to data from the global venture capital platform Crunchbase, the amount of capital flowing into unicorn companies […]

Where Are the New Unicorns Coming from?

Professor AnalysisJuly 29, 2024

Over the past decade, venture capital fueled the growth of hundreds of startups with valuations exceeding $1 billion. With the rise of ChatGPT, AI emerged as a leading sector, attracting over $50 billion in funding and creating 20 new unicorns in 2023. In 2024, key drivers of unicorn creation are shifting, and global unicorn valuations […]

Generating Growth by Joining Forces: Selecting the Ideal M&A Partner for SMEs

Professor AnalysisFebruary 20, 2024

In today’s rapidly evolving business landscape, integrating high-potential start-ups into an existing business portfolio has emerged as a crucial strategy for achieving long-term growth, especially in dynamic sectors like pharmaceuticals and technology. An analysis by the Federal Trade Commission (FTC) reveals that between 2010 and 2019, the leading five technology firms in the United States—Amazon, […]

CKGSB Host Pioneering Event on Digital Strategies and Market Expansion in China

NewsDecember 13, 2023

Unleashing Innovation: Pioneering Digital Strategies and Driving Market Expansion

EventNovember 21, 2023

Date: December 13, 2023 Time: 14:00 – 17:00 China Time Location: CKGSB Shanghai Campus Hongqiao Vanke Center T5, 988 Lane Shenchang Road, Minhang District, Shanghai Language: English and Chinese (simultaneous translation provided) * Each attending guest will receive a copy of CKGSB’s latest casebook 《Unleashing Innovation》. Currently, the world is facing unprecedented changes and challenges. In the new economic landscape, how enterprises adapt to change and seize opportunities have become more pertinent than ever. Digital strategies and global industry positioning, as key drivers of corporate transformation and advancement, are increasingly becoming the core competitive advantages for many companies. CKGSB has […]

Using ‘fusion’ to help generate new growth within an enterprise

Professor AnalysisNovember 16, 2023

When we talk about fusion, those who have studied physics will immediately think of nuclear fusion. There are two types of nuclear reactions, fission and fusion. Atomic and hydrogen bombs both use fission, in which a particularly large mass of atoms is split into two at ultra-high temperatures and pressures, generating a great deal of […]