City Flash

Chengdu's 3rd Unicorn Emerged in 2018

    On October 18, 2018, alcoholic drink retail company 1919 released an announcement saying that it had already received two billion yuan in strategic investment from Alibaba, which made it 1919's second biggest shareholder with a 29% stake. After this series C round of financing, 1919 is valued at seven billion yuan and as such is coined as an alcoholic beverage new retail unicorn, becoming the third unicorn in Chengdu by far this year after Xinchao Media and Medlinker. In early 2018, Chengdu published the list of its first group of 37 enterprises ranked as "future unicorn recommendations".



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