GUANGZHOU, April 9 (Xinhua) -- China added 56 new unicorn enterprises in 2023, which means the country added more than one each week during the period, according to the Hurun Global Unicorn Index 2024 released on Tuesday.
The Global Unicorn Index 2024 is a ranking of the world's start-ups founded after 2000 that are worth at least 1 billion U.S. dollars and not yet listed on a public exchange.
There are a total of 1,453 unicorn enterprises in the world, with a total market value of 4.6 trillion U.S. dollars. China alone has 340 unicorn enterprises, ranking second worldwide, while the United States takes first place, with a total of 703. China's unicorn enterprises are mainly in the sectors of artificial intelligence, semiconductors and new energy, said the report.
The report also highlighted Hefei, capital of east China's Anhui Province, as the fastest-growing city in terms of the number of unicorn enterprises in China, followed by other major cities including Guangzhou, Hangzhou and Suzhou.
TikTok's parent company ByteDance retained the title of the world's most valuable unicorn last year, worth some 1.56 trillion yuan (about 220 billion U.S. dollars). Meanwhile, the Shanghai-based Chinese games giant miHoYo shot up 91 places to the world's 12th, with an estimated market value of some 160 billion yuan, according to the report.
(Editor:Fu Bo)
Why US Catholics are planning pilgrimages in communities across the nation
EVs spur global interest in battery field
CRCC equipment renewal campaign spurring growth of circular economy
Apple opens its eighth store in Shanghai
Jon Wysocki dead at 53: Staind drummer passes away
Exhibition of Chinese cultural designs held in Denmark
Firefighting variant of AG600 seaplane ready for type certification
Messi in and Dybala out in Argentina squad for pre
Book on Xi Jinping Thought on Diplomacy Published