::: Site Map | 中文版 | Home | 回經濟部首頁 Share Font SmallMiddleLarge


ICD What's New

The surge in the number of unicorns(1)
Kind: ICD What's New  Organization: Department of International Cooperation  Publish Date: 2020-01-10 16:58
The surge in the number of unicorns

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. By early July of the same year, the number had increased to 369. This compares with a figure of just 39 in 2013, showing that the growth rate in the number of unicorns has been considerable.

Most unicorns eventually undertake an initial public offering (IPO). For instance, 38 unicorns listed in 2018, a record high for the last 20 years. An important point is that many unicorns’ cash flow is negative; that is, they cannot get enough cash flow in their primary business; if they want to expand their business, they can only do so through debt financing or selling shares. According to a report in The Economist in April 2019, a dozen unicorns that have listed, or are likely to, posted combined losses of US$14 billion in 2018. Their cumulative losses amounted to US$47 billion at the time of the report.

Sources: The Economist, CB Insights, Business Weekly, Financial Times,

Update: 2019-06-17
Go Back Top
Department of International Cooperation
No.15, Fuzhou St., Zhongzheng Dist., Taipei City 10015, Taiwan (R.O.C.)
The site has been optimized for monitors with over 1024x768 resolution, with window maximized.
Best browse supported with IE, Firefox and Chrome.
Government Website Open Information Announcement | Privacy Policy | Security Policy MNS1