LINE

Text:AAAPrint
Business

China becomes second-largest source of 'unicorn companies'

1
2019-03-29 15:26:06chinadaily.com.cn Editor : Li Yan ECNS App Download

China has become the world's second-largest source of "unicorn companies" according to the latest report on China unicorn companies by the Evergrande Research Institute.

With 88 in total, China is the world's second-largest source of unicorn companies following the U.S. with 151. The report cited data from IC Insight gathered between 2013 and Dec 31, 2018.

Twenty-two companies worldwide were included as super unicorn companies in 2018 and China's Fintech company Ant Financial ranked first in value worth $150 billion, the report said.

The U.S. and China had the greatest number of new super unicorns worth $10 billion last year with 12 and 7 respectively, accounting for 86.4 percent of the world's total. The UK, India and Singapore had one of these companies each in the same period.

New energy vehicles, artificial intelligence chips, robots, big data, computer vision and cloud computing are the main areas for these emerging unicorns.

A unicorn refers to a technology start-up that has been established for less than 10 years but has a valuation of more than $1 billion and has not been listed on the stock market.

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2019 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.