Last Updated on: 9th July 2023, 07:43 am
China Has The Largest Amount Of Startups In The World Valued At Over $1 Billion: Hurun Global Unicorn List
As per the Hurun Global Unicorn List 2019, China has the world’s largest number of startups worth more than $1 billion, accompanied by the US.
The list discusses that there are a total of 494 tech startups, also represented as unicorns, which did not go public and were founded in the 2000s. These startups have a worth of over a billion dollars.
Of the 494 unicorns, 206 are in China, 203 in the US, 21 in India, 13 in the UK and 7 in Germany.
The chairman and chief investigator of the Shanghai-based Hurun report said at the disclosing of the 2019 report:
China and the US dominate over 80% of the world’s known unicorns, even though they account for only half of global GDP and one-quarter of the world’s population. The rest of the world needs to wake up to create an environment where unicorns can thrive.
It is amazing that three unicorns, including Ant Financial Services, the operator of Alipay, ByteDance (the owner of TikTok) and the taxi booking company Didi Chuxing, have a total worth of $280 billion.
Talking about the sectors, 192 are in the e-commerce sector, 118 in the cloud computing, AI (artificial intelligence) and logistics sectors.
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