Mobile unicorns multiply to hit a quarter of a million dollars according to Tim Merel writing for TechCrunch.
Unicorns, defined here as a U.S.-based tech company started since 2003 and valued at over $1 billion by public or private market investors, are increasing in number from the 38 identified in 2013. Today there are 68 mobile unicorns worth $261 billion, which account for the bulk of tech unicorns globally.
The $261 billion value of the mobile Internet billions (not counting FaceBook) list is spread across six main sectors: travel/transport (including Uber, Didi Dache and Yongche), mCommerce (dominated by Asian companies, such as Flipkart, Snapdeal and One97), social networking (including Twitter and Snapchat, and which should count Facebook but doesn’t because it swamps everything else), messaging (such as WhatsApp and Daumkakao), games (with 11 companies from King to GREE) and utilities (like UCWeb).
America is the king of mobile Internet value creation, with 24 companies delivering $144 billion of shareholder value or over half of all the value in the list.
As Tim points out, the most exciting thing about the list is its link to fundamental growth. With over $700 billion mobile Internet revenue forecast for 2017, the mobile Internet billions list could pass $300 billion by the end of the year.