56 new Chinese unicorn enterprises added in 2023, boosting global total to 1,453, with China ranking 2nd with 340 unicorns.
China added 56 new unicorn enterprises in 2023, increasing the global total to 1,453, with a combined market value of $4.6T. China ranks 2nd globally with 340 unicorns, primarily in AI, semiconductors, and new energy sectors. Hefei, the capital of Anhui Province, is the fastest-growing city in China for unicorn enterprises. ByteDance, TikTok's parent company, remains the world's most valuable unicorn, worth around $220B.
April 09, 2024
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