如何投出独角虎？吴世春：坚定投资中国 相信科创有20年牛市

Core Insights - The 2025 Guangdong-Hong Kong-Macao Greater Bay Area Cultural Industry Investment Conference was held in Guangzhou, attracting over 200 investors from more than 100 well-known financial institutions [1] - Wu Shichun, founder and partner of Meihua Venture Capital, shared his investment philosophy, emphasizing the "Investment Unicorn Tiger" theory, which categorizes unicorns into "tigers" and "pigs" based on multi-dimensional evaluations rather than single valuation metrics [1][4] Group 1 - Wu Shichun proposed four criteria for identifying "Unicorn Tigers": being the leader in a niche industry, generating over 1 billion in revenue, achieving over 100 million in profit, and meeting A-share listing standards [4] - Meihua Venture Capital adheres to an early-stage investment strategy, believing that early investments in China still hold significant economic and social value despite challenges in fundraising and long exit cycles [4] - Wu Shichun emphasized the importance of recognizing national trends and believing in a 20-year bull market for technology innovation in China, driven by policy benefits, technological breakthroughs, and market scale [4] Group 2 - Long-term investment requires a dialectical thinking ability, with Wu Shichun categorizing investors into three types based on their ability to adapt their viewpoints [5] - The best investors are those who can simultaneously consider opposing viewpoints, which enhances their decision-making accuracy [5]