A unicorn company is a privately owned startup that has a current valuation of one billion U.S. dollars or over. Once a company has gone public (IPO) or has been acquired it is no longer termed as a unicorn. As of 2022, the number of unicorns worldwide reached approximately 1,400, with North America and Asia Pacific accounting for over 80 percent of all unicorns worldwide. As of 2022, the tech company ByteDance was not only the highest valued unicorn in China but also worldwide.
In the Asia Pacific region, China was home to the majority of unicorns followed by India and South Korea.
Leading unicorns in China as of April 2023, by market valuation
(in billion U.S. dollars)
A unicorn company is a privately owned startup that has a current valuation of one billion U.S. dollars or over. Once a company has gone public (IPO) or has been acquired it is no longer termed as a unicorn.
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Hurun Research Institute. (April 18, 2023). Leading unicorns in China as of April 2023, by market valuation (in billion U.S. dollars) [Graph]. In Statista. Retrieved October 18, 2024, from https://www.statista.com/statistics/893437/china-leading-unicorn-companies-based-on-valuation/
Hurun Research Institute. "Leading unicorns in China as of April 2023, by market valuation (in billion U.S. dollars)." Chart. April 18, 2023. Statista. Accessed October 18, 2024. https://www.statista.com/statistics/893437/china-leading-unicorn-companies-based-on-valuation/
Hurun Research Institute. (2023). Leading unicorns in China as of April 2023, by market valuation (in billion U.S. dollars). Statista. Statista Inc.. Accessed: October 18, 2024. https://www.statista.com/statistics/893437/china-leading-unicorn-companies-based-on-valuation/
Hurun Research Institute. "Leading Unicorns in China as of April 2023, by Market Valuation (in Billion U.S. Dollars)." Statista, Statista Inc., 18 Apr 2023, https://www.statista.com/statistics/893437/china-leading-unicorn-companies-based-on-valuation/
Hurun Research Institute, Leading unicorns in China as of April 2023, by market valuation (in billion U.S. dollars) Statista, https://www.statista.com/statistics/893437/china-leading-unicorn-companies-based-on-valuation/ (last visited October 18, 2024)
Leading unicorns in China as of April 2023, by market valuation (in billion U.S. dollars) [Graph], Hurun Research Institute, April 18, 2023. [Online]. Available: https://www.statista.com/statistics/893437/china-leading-unicorn-companies-based-on-valuation/