The Chinese capital of Beijing has the largest concentration of fast-growing unicorns – start-ups valued at least US$1 billion – in the world’s second largest economy, with an estimated 79 such companies located in the city in 2018. Photo: Agence France-Presse

China created a unicorn every 3.8 days in 2018

  • The valuation of China’s biggest unicorn, Ant Financial, has exceeded 1 trillion yuan
Topic |   Start-ups

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The Chinese capital of Beijing has the largest concentration of fast-growing unicorns – start-ups valued at least US$1 billion – in the world’s second largest economy, with an estimated 79 such companies located in the city in 2018. Photo: Agence France-Presse
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Jane Zhang

Jane Zhang

Jane Zhang joined the Post in 2017, working with the video team before moving to reporting. She covers business and political stories in Hong Kong and mainland China. Previously, Jane interned at CNN and Bloomberg Businessweek Chinese.