Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap China sees 56 new unicorn enterprises in 2023: report !

China sees 56 new unicorn enterprises in 2023: report

Time:2024-05-07 20:54:23 source:Worldly Wisdom news portal

GUANGZHOU, April 9 (Xinhua) -- China added 56 new unicorn enterprises in 2023, which means the country added more than one each week during the period, according to the Hurun Global Unicorn Index 2024 released on Tuesday.

The Global Unicorn Index 2024 is a ranking of the world's start-ups founded after 2000 that are worth at least 1 billion U.S. dollars and not yet listed on a public exchange.

There are a total of 1,453 unicorn enterprises in the world, with a total market value of 4.6 trillion U.S. dollars. China alone has 340 unicorn enterprises, ranking second worldwide, while the United States takes first place, with a total of 703. China's unicorn enterprises are mainly in the sectors of artificial intelligence, semiconductors and new energy, said the report.

The report also highlighted Hefei, capital of east China's Anhui Province, as the fastest-growing city in terms of the number of unicorn enterprises in China, followed by other major cities including Guangzhou, Hangzhou and Suzhou.

TikTok's parent company ByteDance retained the title of the world's most valuable unicorn last year, worth some 1.56 trillion yuan (about 220 billion U.S. dollars). Meanwhile, the Shanghai-based Chinese games giant miHoYo shot up 91 places to the world's 12th, with an estimated market value of some 160 billion yuan, according to the report.

(Editor:Fu Bo)

Related information
  • Rise of David Lloyd's 'two
  • Climate change drives up the price of coffee, chocolate
  • HK activist says national security law designed to persecute 'political enemies'
  • Waymo begins charging for Los Angeles driverless taxi service, ending the freebies
  • Arsenal needs a favor from Tottenham in the title race. Current form suggests it won't happen
  • Newshub, TVNZ cuts: Current job losses 'tragic' for Kiwi journalists, commentator
  • New police search for missing mum Samantha Murphy in bushland in Victoria
  • VOX POPULI: BOJ shifts policy; now we wait and see if it will affect our own money
Recommended content
  • A.I. reveals who's REALLY winning the Drake vs Kendrick beef
  • Twelve drown trying to reach aid off Gaza beach, Palestinian authorities say
  • Changes to tenancy laws to come into force next year
  • VOX POPULI: Shizuoka head’s sudden exit leaves question about his ‘talent’
  • Biden speaks with Netanyahu as Israelis appear closer to major Rafah offensive
  • Hongkonger faces jail over 'insult' to Chinese national anthem