🔥 China is on fire! The country just added 56 new unicorn startups in 2023, meaning they've been minting more than one billion-dollar company every week this year, according to the Hurun Global Unicorn Index 2024 released on Tuesday.
The Global Unicorn Index 2024 ranks the world's startups founded after 2000 that are worth at least $1 billion and are not yet publicly traded. 🌐
Globally, there are 1,453 unicorns with a total value of $4.6 trillion. China boasts 340 of these unicorns, securing the second spot worldwide, just behind the United States with 703. 🦄
China's unicorns are charging ahead in cutting-edge fields like artificial intelligence, semiconductors, and new energy. ⚡️🔋
City-wise, Hefei, the capital of Anhui Province, is the rising star 🌟, being the fastest-growing city in China for unicorns. Hotspots like Guangzhou, Hangzhou, and Suzhou are also making waves. 🌊
TikTok's parent company, ByteDance, holds onto its crown 👑 as the world's most valuable unicorn, worth a whopping 1.56 trillion yuan (about $220 billion). Meanwhile, Shanghai-based gaming giant miHoYo leaped up 91 places to rank 12th globally, now valued at around 160 billion yuan (about $22.6 billion). 🎮
With these numbers, it's clear China's startup scene is buzzing! 🐝 Who knows, the next big thing might just be around the corner. 🚀
Reference(s):
cgtn.com
