China now has more unicorns than the United States

by bold-lichterman

China now has more unicorns than the United States, these young, high-growth companies valued at more than a billion dollars, according to a study published Monday. Last June, 494 companies of this type were listed in the world including 206 in China, according to the study of the media group Hurun, specialist in the business world, which devotes for the first time a survey to unicorns. The Asian giant is for the first time the country in the world which has the largest number, ahead of the United States which has 203.

China and the United States dominate with over 80% of the world’s unicorns, although (the two countries) only account for half of global GDP and a quarter of global population ”, commented Hurun President Rupert Hoogewerf. ” The rest of the world needs to wake up and create an environment that allows unicorns to thrive ”Mr Hoogewerf added.

More than half of the referenced unicorns relate to e-commerce or FinTech

According to the Hurun ranking, China occupies the top three steps of the unicorn podium: Ant Financial (number one in electronic payment and owned by Alibaba), ByteDance (behind the popular video-sharing app TikTok) and Didi Chuxing (vehicle reservations with drivers).

The United States stands out for its part with Airbnb, the champion of rental of tourist accommodation between individuals and WeWork, the office-sharing company, as well as other lesser-known startups including Zume, a California automated delivery company. pizzas.

According to the study, more than half of the referenced technological nuggets relate to e-commerce or FinTech and have an average of seven years of existence.