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ICD What's New

Distribution of Mainland China unicorns by location and sector
Kind: ICD What's New  Organization: Department of International Cooperation  Publish Date: 2019-11-13 14:29
According to the Global Unicorn Club by CB Insights, as of January 2019, there were 325 unicorns -- namely startups with a market value of over US$1 billion -- around the world, including 92 in mainland China. However, in March 2019, the real estate unicorn Aiwijiwu was confirmed to be removed from the list after going bankrupt. Mainland China has the second most unicorns in the world with 91, behind only the United States at 155.

1.The United States: 155
2.Mainland China: 91
3.The United Kingdom: 16
4.India: 13
5.Germany: 9

Mainland China’s unicorns are geographically distributed as follows:
1.Beijing: 44
2.Shanghai: 17
3.Hangzhou: 9
4.Hong Kong: 6
5.Shenzhen: 6
6.Guangzhou: 3
7.Nanjing: 2
8.Wuhan: 1
9.Chengdu: 1
10.Zhuhai: 1
11.Dongguan: 1

The top sectors in terms of number of mainland Chinese unicorns are as follows:
1.E-commerce: 17
2.Auto/Auto tech: 6
3.Digital technology: 6
4.Education technology: 6
5.Internet software and services: 6
6.Fintech: 5
7.Hardware: 4
8.Real estate: 4
9.Supply chain/ Retail: 4
10.Food/Grocery: 3
11.On demand: 3
12.AI: 2
13.Cybersecurity: 2
14.Digital media: 2
15.Retail: 2
16.Robotics: 2
17.Social media: 2
18.Agricultural technology: 1
19.Business information and analysis: 1
20.Big data: 1
21.Biotech: 1
22.Block chain: 1
23.Semiconductor/wafer: 1
24.Clothing: 1
25.Computer vision: 1
26.Building technology: 1
27.Drug development: 1
28.Entertainment: 1
29.Facilities: 1
30.Human resources technology: 1
31.Scientific engineering software: 1
32.Tourism: 1

Source: The Global Unicorn Club as of Jan. 2019
https://www.cbinsights.com/research-unicorn-companies
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Update: 2019-06-17
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