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flag Zhejiang province sees 58 unicorns, 48 in Hangzhou, reflecting growth in AI and aerospace.

flag As of April 2026, China's Zhejiang Province has 58 unicorn companies, a slight increase from the previous year, with Hangzhou accounting for 48. flag 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. flag 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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