Fascinating story of little giants, unicorns, decacorns and hectocorns
When I first interviewed top executives of XGIMI, an intelligent projector manufacturer, in 2019, I was kind of surprised to learn the small startup topped China's projector market rankings by consultancy International Data Corp.
2019年，我第一次采訪極米（一家智能投影?儀制造商）的高管，當(dāng)我得知這家小型初創(chuàng)公司?在咨詢公司國際數(shù)據(jù)公司（International Data Corp）發(fā)布的中國投影儀市場排名中名列前茅時，我感到有些驚訝。
projector? ? ? ? ? ? ? ? ? ? 投影儀
startup? ? ? ? ? ? ? ? ? ? ? 初創(chuàng)公司? ? ?
But Zhong Bo, CEO of XGIMI, said the company is not only eyeing the position of China's largest projector player but aims to become "the largest intelligent projector firm worldwide".
但極米的CEO鐘波表示，極米不僅在盯著中國智能投影儀行業(yè)的“頭把交椅”，更是志在成為“全球最大的智能投影儀公司”。
The Chengdu, Sichuan province-based company achieved spectacular growth in foreign markets in 2020, with its overseas revenue increasing more than 300 percent year-on-year. In March 2021, the startup was successfully listed on the Shanghai Stock Exchange.
極米的總部位于四川省成都市。2020年，極米在海外市場實現(xiàn)了驚人的增長，其海外收入同比增長超過300%。2021年3月，極米在上海證券交易所成功上市。
spectacular?????????????adj.壯觀的；驚人的，突如其來的????????n.壯觀場面，盛大演出
XGIMI perhaps epitomizes China's "little giant" companies, or innovative small and medium-sized enterprises that specialize in niche sectors, command a high market share, boast strong innovation capacity and core technologies and, more importantly, are likely to become future champions in bottleneck sectors.
極米或許是中國“小巨人”企業(yè)的縮影?！靶【奕恕逼髽I(yè)就是指這樣一些創(chuàng)新型中小企業(yè)：它們專注于小眾細(xì)分市場、市場占有率高、創(chuàng)新能力強、核心技術(shù)強；更重要的是，在未來它們有望成為我國“卡脖子?”的行業(yè)中的冠軍企業(yè)。
epitomize????????? ? ? ? ? ? ????v.成為……的典范，作為……的縮影
bottleneck???????????????????????? n.瓶頸；障礙物
During this year's two sessions, the Government Work Report for the first time included goals of cultivating more "little giant" companies.
今年兩會期間，我國政府工作報告首次提出培育更多“小巨人”企業(yè)這一目標(biāo)。
"For China, innovation capabilities and well-rounded supply chains have played an increasingly prominent role during its economic development. These 'little giant' companies, which are able to fill in certain weak niches in the country, will help improve the industry and supply chains and enable China to become a manufacturing powerhouse," said Li Chao, chief economist of Zheshang Securities.
浙商證券首席經(jīng)濟學(xué)家李超表示：“對中國來說，企業(yè)創(chuàng)新能力和全面?完善的供應(yīng)鏈在中國經(jīng)濟發(fā)展中發(fā)揮著越來越重要?的作用。這些能夠填補國內(nèi)某些薄弱細(xì)分市場的‘小巨人’公司將有助于穩(wěn)固產(chǎn)業(yè)鏈和供應(yīng)鏈，讓中國成為制造業(yè)強國?！?/p>
well-rounded? ? ? ? ? ? ? ? ? ? ? ? adj.全面的
prominent? ? ? ? ? ? ? ? ? ? ? ? adj.重要的；出名的；顯赫的
manufacturing powerhouse???????????????????????????? 制造業(yè)強國
To date, the country has 4,762 national-level "little giant" companies and over 40,000 provincial-level such firms. More than 300 "little giant" firms like XGIMI are already listed on various bourses.
迄今為止，我國擁有國家級“小巨人”企業(yè)4762家，省級“小巨人”企業(yè)4萬多家。300多家像極米這樣的“小巨人”企業(yè)已經(jīng)在各大交易所?上市。
bourse? ? ? ? ? ? ? ? ? ? ? ? ?n.交易所
to date? ? ? ? ? ? ? ? ? ? ? ? ?至今，迄今為止
A report from CITIC Securities found that listed "little giant" companies have outperformed other types of firms in terms of revenue growth and potential profitability. The former will likely become the future hidden champions like those in Germany and might even go on to make big contributions to the nation's manufacturing sector.
中信證券的一份報告發(fā)現(xiàn)，上市的“小巨人”企業(yè)在收入增長和盈利潛力方面均優(yōu)于?其他類型的公司。前者很可能會像德國的一些企業(yè)一樣，成為行業(yè)未來的“隱形冠軍”，甚至可能進(jìn)一步為國家制造業(yè)作出巨大貢獻(xiàn)。
outperforme? ? ? ? ? ? ? ? ? ? ? ?? v.勝過，做得比……好
By 2025, China aims to grow 10,000 "little giant" companies and 1,000 single-product champion enterprises. By that time, there will be 10,000 XGIMI-like companies contributing to innovations and the impetus to China's future economic growth.
到2025年，中國的目標(biāo)是培育出1萬家“小巨人”企業(yè)和1000家單一產(chǎn)品冠軍企業(yè)。屆時，將有1萬家像極米一樣的企業(yè)大力創(chuàng)新，為中國未來的經(jīng)濟增長貢獻(xiàn)力量。
by that time? ? ? ? ? ? ? ? ? ? ? ? 屆時
impetus? ???????????????????? n.動力，促進(jìn)；動量，沖力
Just a few days ago, I interviewed the founder of a two-year-old startup that focuses on the industrial internet. He sought anonymity but said he quit his job in Germany and decided to start up a business in his homeland China.
就在幾天前，我采訪了一位初創(chuàng)公司的創(chuàng)始人。這家公司成立僅兩年，專注于工業(yè)互聯(lián)網(wǎng)業(yè)務(wù)。這位創(chuàng)始人不愿意透露姓名，但表示他之前是辭去了德國的工作，決定回國創(chuàng)業(yè)。
seek anonymity? ? ? ? ? ? ? ? ? ? ? ? 尋求匿名
He said he believes China will be home to the world's largest number of "decacorns" and even "hectocorns" over the next few years.
他表示，他相信未來幾年?中國將成為世界上擁有最多“十角獸”甚至“百角獸”的國家。
over the next few years? ? ? ? ? ? ? ? ? ? 未來幾年
While a unicorn is a startup with a valuation of $1 billion or more, a decacorn commands a valuation of more than $10 billion, and a hectocorn is valued at more than $100 billion.
“獨角獸”企業(yè)是指估值超過10億美元的初創(chuàng)公司，而“十角獸”企業(yè)的估值則超過100億美元，“百角獸”企業(yè)的估值更是超過1000億美元。
be valued at ...? ? ? ? ? ? ? ? ? ??????被估值為……
