Table 1. Positive and negative firm data.
| No | Companies Name | Area | Industries | Types | Net profit | ||||
|---|---|---|---|---|---|---|---|---|---|
| 2015 | 2016 | 2017 | 2018 | 2019 | |||||
| 1 | Jingdong | Retail | Comprehensive | B2C | - | - | - | - | + |
| 2 | Pinduoduo | - | - | - | - | - | |||
| 3 | Xiaomi | 3C | - | + | - | + | + | ||
| 4 | Three squirrels | Food | + | - | + | + | + | ||
| 5 | Lexin | Finance | - | - | + | + | + | ||
| 6 | Gome | Comprehensive | + | - | - | - | - | ||
| 7 | Qudian | Finance | - | + | + | + | + | ||
| 8 | Yunji | Membership | - | - | - | + | - | ||
| 9 | Weimob | Service | - | - | + | - | + | ||
| 10 | Youzan | - | - | _ | _ | - | |||
| 11 | Ruhnn | Internet Celebrity | - | - | + | + | - | ||
| 12 | 111.com | Medicine | - | - | - | - | - | ||
| 13 | Babytree | Infant & Mon | - | - | - | + | - | ||
| 14 | Mogu | Fashion | - | - | - | - | - | ||
| 15 | Jumei | + | + | - | + | + | |||
| 16 | Secoo | Luxury | - | - | + | + | + | ||
| 17 | Tuanche | Motormobile | - | - | - | - | - | ||
| 18 | Shanghai Ganglian | Industry | Steel | B2B | - | + | + | + | + |
| 19 | United Information | Cross border e-commerce | Export | - | + | + | + | + | |
| 20 | Guanfu | Industry | Plastify | + | + | + | - | + | |
| 21 | Molbase | - | - | - | - | - | |||
| 22 | HC Group | Comprehensive | + | - | |||||
| 23 | Europol | + | + | + | - | + | |||
| 4 | LightInTheBox | Cross border e-commerce | Export | - | - | + | + | + | |
| 25 | DX.com | + | - | + | + | + | |||
| 26 | Meituan | Life Service | Comprehensive | P2C | - | - | - | - | + |
| 27 | Ctrip | Online Travel | + | - | + | + | + | ||
| 28 | Alibaba Health | Online Medicine | - | - | - | - | - | ||
| 29 | 58.com | Life Information | - | - | + | + | + | ||
| 30 | Luckin | Catering takeout | + | - | - | - | - | ||
| 31 | Ping An Health Cloud | Online Medicine | - | - | - | - | - | ||
| 32 | 51job | Internet Recruitment | + | + | + | + | + | ||
| 33 | Genshuixue | Online Education | - | - | - | - | + | ||
| 34 | Alibaba Picture | Internet Film and TV | + | - | - | - | - | ||
| 35 | Tongcheng-Elong | Online Travel | - | - | + | + | + | ||
| 36 | Koolearn | Online Education | + | + | + | + | + | ||
| 37 | Maoyan | Online Ticket | - | - | - | - | + | ||
| 38 | Youdao | Online Education | + | - | - | - | - | ||
| 39 | So-Young | Online Medical Beauty | + | - | + | + | + | ||
| 40 | Fangdd | Online Accommodation | - | + | + | + | + | ||
| 41 | Q & K | - | - | - | - | - | |||
| 42 | Qeeka | Internet Home Decoration | - | - | - | + | + | ||
| 43 | Tuniu | Online Travel | - | - | - | - | - | ||
| 44 | Leju | Online Accommodation | + | - | - | - | + | ||
| 45 | Soufun | - | - | + | - | - | |||
| 46 | 51Talk | Online Education | - | - | - | - | - | ||