We live in the age of unicorns. Since the term was coined in 2013 by venture capitalist Aileen Lee to describe start-ups valued at US$1 billion or more, unicorns have multiplied with incredible speed. The unicorn, symbolizing the statistical rarity of such successful ventures, has become almost commonplace. With 193 unicorns globally worth US$664 billion in total*, unicorns also reflect the rise of private capital and investor euphoria over the promise of technology, especially in China.
China Money Network today launches the China Unicorn Ranking 2017, the most complete list of all private start-ups in China currently valued at US$1 billion or more. We count 102 Chinese unicorns in total, with a combined net worth of US$435 billion, just shy of Belgium's gross domestic product (GDP). If Chinese unicorns were an independent nation, they would form ...
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