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
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