Employees are seen at the Ant Financial Services headquarters in Hangzhou on October 17. Alipay operator Ant Financial was ranked as the world’s most valuable tech start-up, with a US$150 billion valuation, according to a new global unicorn list published by Hurun Report. Photo: Bloomberg

China tops world in unicorns as Ant Financial, ByteDance, Didi Chuxing lead US$1.7 trillion market

  • China had 206 tech start-ups valued at more than US$1 billion, moving ahead of the US with 203
  • Sequoia Capital ranked as the world’s top unicorn investor, followed by Tencent Holdings and SoftBank Group Corp
Topic |   US-China tech war

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Employees are seen at the Ant Financial Services headquarters in Hangzhou on October 17. Alipay operator Ant Financial was ranked as the world’s most valuable tech start-up, with a US$150 billion valuation, according to a new global unicorn list published by Hurun Report. Photo: Bloomberg
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Bien Perez

Bien Perez

Bien has worked at the Post since 2000. He has served as Post Magazine's technology editor and Technology Post's deputy editor. He was a guest host on Tech Specs in TVB’s Money Magazine show. He won runner-up, Best News Writing, at the 2008 Hong Kong News Awards.