South Korean media: $1.5068 trillion, China's unicorn enterprises rank second in the world!
On April 22, South Korean media "Choice Economy" published an article stating that statistics show that China has a total of 409 unicorn enterprises, second only to the United States, ranking second in the world, with the overall value of enterprises reaching $1.5068 trillion.
The "China Unicorn Enterprise Development Report" released at the "World Unicorn Enterprises Conference" held recently in Beijing shows that China's unicorn enterprises account for 30% of global unicorn enterprises.
Unicorn enterprises refer to non-listed start-ups with core independent technologies, valued at more than $1 billion and established within 10 years.
In terms of industries, China's unicorn enterprises cover 12 fields including integrated circuits and semiconductors, software, information services, new energy technology, artificial intelligence, intelligent manufacturing, new consumption and retail, etc.
In terms of enterprise value, artificial intelligence is the largest, reaching $461.2 billion. Next is new consumption and retail, at $203.9 billion, and IC at $192.5 billion. There are 18 super unicorn companies with a value exceeding $10 billion.
China's unicorn enterprises are distributed across 57 cities. The city with the most unicorn enterprises in China is the capital, Beijing, with 115 companies, with an enterprise value of $594.9 billion. Next are Shanghai ($185.1 billion), Shenzhen ($165.1 billion), Guangzhou ($119.2 billion) and Hangzhou ($74.4 billion). In terms of quantity, the top five cities account for more than 60% of the total, while in terms of enterprise value, it exceeds 70%.
Yue Deyu, director of the Zhongguancun High-Tech Industry Promotion Center in Beijing, said, "Beijing's unicorn enterprises have maintained the first place in the country for five consecutive years in terms of both quantity and enterprise value. We are supporting the cultivation of unicorn enterprises through policy formulation."
Original source: https://www.toutiao.com/article/1830104422626304/
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