Billion Dollar Unicorns: Ele.me Consolidates Market, but Profits Elusive

Analysts estimate that the number of people in China who use online food ordering services will grow from 256 million people in 2016 to 346 million this year. Food delivery companies currently cover 1,300 cities in the country. Analysts estimate that the market will be worth 240 billion yuan (~$37 billion) next year. Billion Dollar Unicorn Ele.me is a leading player in this segment.

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Billion Dollar Unicorns: AppDirect Cashes in on Cloud

According to Gartner, the worldwide public cloud services market is projected to grow 18% in 2017 to $246.8 billion, up from $209.2 billion in 2016, driven by 37% growth in cloud system infrastructure services and 20% growth in cloud application services. At the center of this growing market is Billion Dollar Unicorn AppDirect. >>>

Billion Dollar Unicorns: AvidXchange Eyeing IPO

According to a Business Insider report, the automation of B2B payments and accounts payable is continuing to grow. Many businesses still make more than half of their B2B payments by check and are now looking to increase their spending on electronic and card-based solutions. Billion Dollar Unicorn AvidXchange is helping businesses unlock this automation opportunity.

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Adobe Moves Closer to Microsoft

Unsurprisingly, Adobe (NASDAQ: ADBE) continued to outpace market expectations. Adobe has had a strong run this year. Its stock has climbed more than 50% since the start of the year. But analysts suspect that it may be time for a slowdown. After the recent result announcement, the stock fell because its forecast was in line but not higher than market expectations.

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2017 IPO Prospects: Switch Files to go Public

According to a report by TechNavio, the global data center market is projected to grow 11% annually over the next three year period. The growth is attributed to rising digitization and cloud computing among organizations, which is driving the need for higher computational power. Switch is a technology infrastructure company powering the sustainable growth of the connected world and the Internet of Everything.

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India’s OYO Rooms Gets Heavy on Funding

According to a report by Transparency Market Research, the global market for hotels is projected to grow to $703 billion by 2021 from $534 billion in 2014 driven by the proliferation and surging popularity of budget hotels among the growing youth population. Cashing in on this trend is India’s hotel aggregator OYO Rooms. >>>

Oracle Shifting Gears to Hold Amazon RedShift in its Tracks

Oracle (NYSE: ORCL) recently reported its first quarter results that sent its stock tumbling. Its disappointing earnings forecast caused its stock to fall 8% in a day, making it the worst performing stock on the S&P index in the day, and also marking it as the worst day the stock had in the past four years.

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Billion Dollar Unicorn: Rocket Lab Launches into the Unicorn Club

According to a report by the Space Foundation, the global space market was worth $329 billion in 2016 with commercial space activities accounting for 76% of the spend. Los Angeles-based Rocket Lab is a new entrant to the Billion Dollar Unicorn club within the space industry.

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2017 IPO Prospects: MongoDB Files Confidentially

According to a MarketsandMarkets report, the global Big Data market is projected to grow from $28.65 billion in 2016 to $66.79 billion by 2021. That translates to an annual growth rate of more than 18% over the projected five-year period. The growth in the industry is helping drive expansion in emerging non-row and column-based databases – the NoSQL databases. Earlier this month Billion Dollar Unicorn club member MongoDB, a big player in the NoSQL database market, confidentially filed to go public.

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Billion Dollar Unicorns: Valuation for Unity Technologies Keeps Soaring

According to a recent report by Newzoo, the global games market is expected to grow 7.8% and generate $108.9 billion from 2.2 billion gamers in 2017. Digital game revenues are expected to grow to $94.4 billion with mobile gaming growing 19% over the year to $46.1 billion. PC and console game markets are expected to generate $29.4 billion and $33.5 billion, respectively. By 2020, mobile gaming will account for more than half of the total games market. Billion Dollar Unicorn player Unity Technologies is delivering strong game line-ups to meet these growth projections.
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