迈向欧洲科技冠军联赛；欧洲大型科技公司案例

Page /2Big Tech is the modern engine of value creationValue and job creation is increasingly driven by largest 0.01% ofcompaniesBig Tech is the modernengine of value creationValue and job creation is increasinglydriven by largest 0.01% of companiesSource:Dealroom.co.Cumulative market cap of venture funded companiesglobally (US$ Trillion)Executive Summary Europe needs biggerTech ChampionsUS Top-7 Tech Giants are 17 timesbigger than Europe's 7 largestcounterpartsCumulative market cap of the Top-7 largest Techcompanies in US versus Europe (US$ Trillion) Ecosystems offer aproven path to $100Bn+For European Big Tech to develop intotrue US$1 Trillion companies, theyshould embrace the idea of buildingcompounding ecosystems.All US Big Tech companies has diversified significantlybeyond their core Global startup & venture capitalintelligence platform.Dealroom.cois a global intelligence platform fordiscovering and tracking the most promisingcompanies, technologies and ecosystems. Clientsinclude many of the world’s foremost organizationssuch as Sequoia, Accel, Index Ventures, McKinsey,BCG, Deloitte, Google, AWS, Microsoft, Stripe.Dealroompartners closely with local techecosystem development agencies and enablers, tocreate a comprehensive multi-dimensionalblueprint of the tech ecosystem, including capital,talent, innovation, entrepreneurship and overalleconomic dynamism. Investing in the AI-enabled Futureof Commerce.Prosusis a global technology company, unlocking an AIfirst world for its 2 billion customers. With investments inmore than 100 companies across the world,Prosusbuildslocal ecommerce champions in growth markets.With leading positions in Food Delivery, Classifieds andFintech,Prosushas created its own unique technologyecosystem, driving innovation, knowledge sharing andgrowth across its portfolio.Through theProsusVentures team, the Group invests innew technology growth opportunities within AI, socialand ecommerce platforms, fintech, B2B software,logistics, health, blockchain, agriculture and more.The team actively backs exceptional entrepreneurs whoare using technology to improve people’s everyday lives. “Europe has all the ingredients for a thrivingecosystem: high-income consumers, top talent, andinnovative companies. But it is getting stuck with toomuch focus on risks and regulations.Europe is losing ground to the USA and China. The world’s top techgiants—Alphabet, Amazon, Apple, Microsoft, Meta, Nvidia, and Tesla—areworth over US$17 trillion, accounting for a third of the total S&P 500valuation. Meanwhile, Europe has just six companies valued overUS$100bn, compared to 33 in the US. Europe needs more Big Tech.AtProsus, we are ready to do our part and help build the next generationof European US$1 trillion companies.” FabricioBloisiCEO 1. The need for European Big Tech Page /6The US appears tobe pulling away fromeveryone else.Europe feelsdecades behind …Is it a lost race?Source:Datastream,Worldscope, Goldman Sachs ResearchAsia including Japan Page /7EconomistSource:While the US andChina surged aheadin Tech, Europechose regulation. The result?A maze of inconsistent andrestrictive rules—AI Act, NIS2,Digital Services Act, GDPR, andmore—that choke innovation.Add to that the burden ofheavy reporting requirementslike CSRD, and it is clear whyEuropean tech is struggling tocompete. Page /107 largest US tech firms7 largest EU tech firmsUS$17TUS$0.8TSource:Koyfin. Data as per February 25, 2025US top-7 Tech Giants are 17 times bigger than Europe's 7 largest counterpartsCumulative Market CapCumulative Market Cap 2. Reasons to be bullish about Europe Page /13More than half of theworldʼstopscience clustersare inEurope (Dealroom)Highest concentrationofAI talent(Sequoia)Europe excels inComputer Scienceand Engineeringuniversityrankings(THE2022)Europeanstudentsare moreinto science thanthe US (BenedictEvans)Europe's foundation forinnovation is remarkably strong Europeanengineersare alsomuch less costly (YCombinator News) The London-Paris-Amsterdam “New PaloAlto” cluster ranks thirdglobally for unicorns, afterthe Bay Area and Beijing(Dealroom)High share of top-tierresearchers(Clarivate) Page /149 of the world’s top20 scientific techclusters are inEurope.Note:Source:Ranking based on a weightedranking that combines levels of funding at different stages, along with university output (venturebacked startups by alumni), and patents, and looks at it through a density lensDealroom.coLearn more »Learn more » Page /15Europenow has 684 unicorns spread across65 cities, with the highest concentration inNew Palo Alto, a dense supercluster ofconnected tech ecosystems ….Cities with at least one US$1 billion+ startup (“unicorn”)⬤100+ unicorns⬤50+ unicorns⬤30+ unicorns⬤20+ unicorns⬤10-20 unicorns⬤5–10 unicorns⬤1-4 unicornsSan Francisco BayArea (California)SanFranciscoSanJoseSan MateoLisbonSanta Clara Page /16Europe hasa per-capitaconcentrationof AI expertsamong softwareengineers 30%higher than theUS and almostthree times ashigh