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Zhejiang province sees 58 unicorns, 48 in Hangzhou, reflecting growth in AI and aerospace.
As of April 2026, China's Zhejiang Province has 58 unicorn companies, a slight increase from the previous year, with Hangzhou accounting for 48.
The city added eight new unicorns in sectors like AI and aerospace, while the province reported 413 quasi-unicorns valued between $100 million and $1 billion.
This growth reflects a sustained innovation economy, with Hangzhou’s unicorn count nearly doubling and its quasi-unicorn base more than quadrupling since 2018.
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La provincia de Zhejiang ve 58 unicornios, 48 en Hangzhou, reflejando el crecimiento en IA y aeroespacial.