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DeepNewz, mobile.
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China has 369 unicorn companies, valued at over $1 billion each, with a total worth of $1.4 trillion. The majority of these unicorns are in the AI sector, with Beijing being the city with the most unicorns. The data was presented at the 2024 Zhongguancun Forum in Beijing.
There are about 1300 unicorn companies in the world (>$1 Bn valuation). 329 of them were started in California, just less than half of all unicorns in the US. China with over 1 Bn people has produced only 278 unicorns, less than California as a state. In 2022, California… https://t.co/LcLIv3MbcF https://t.co/QxtUARfTPC
$1.4 trillion That’s the combined worth of all 369 unicorns in China. (Unicorn is a startup that’s worth more than $1 billion) The #1 sector: AI (52 unicorns) The #1 city: Beijing (114 unicorns) Innovation and entrepreneurship. #economy https://t.co/FVrZshCcUr
Chart of the Day: China currently has 369 unicorns worth an estimated $1.4 trillion, according to a new report, with AI startups making up the largest number. https://t.co/78unT9TKmN