China’s unicorn startups exceed the U.S, 206 entries in 2019’s list
Oct 22, 2019 (China Knowledge) - There are 494 companies listed in the 2019 Hurun Global Unicorn. China has 206 unicorns, this surpassed the US with 203 unicorns according to the Hurun’s list. It is the first time the number of Chinese unicorns has surpassed that of the United States. Together, China and the U.S own more than 80% of the world's unicorns.
The top three unicorns are all from China, namely Ant Financial, ByteDance and Didi Chuxing, with values of USD 150 bln, USD 75 bln and USD 55 bln, respectively.
In terms of cities, Beijing is the global unicorn capital, with 82 company headquarters, San Francisco with 55, Shanghai’s 47, New York’s 25 and Hangzhou in the Zhejiang Province has 19.
There are 68 unicorns in the e-commerce sector which rank the top among all industries, but account for only 9% of total market capitalization. The Fintech industry has the second-largest number of 56, with the market value proportion of 22%. The number of unicorns in cloud computing and artificial intelligence (AI) in the high-tech industry rank third and fourth, respectively, taking up 84 seats and 12% of the total market value. Logistics is placed on fifth with 34 entries.
Having invested 92 unicorn enterprises has made Sequoia the most successful unicorn investment institution worldwide, followed by Tencent, Softbank, Tiger Fund, IDG, Goldman Sachs and Alibaba.
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