China Leads The USA In The Number Of 'Unicorn' Startups
We have been seeing a myriad of startups raising all over the globe unprecedentedly in recent years. According to the Hurun Research Institute’s Global Unicorn List 2019, China is a bit ahead of the USA in raising the unicorns.
Out of 494 unicorn startups in the world, 206 are from China and 203 from the USA. Both countries share 84% of the unicorns. India stands at third position with 21, and the UK as the leading European country with 13 unicorns. Interestingly, France and Germany combined have less number of unicorn startups than the UK.
2019’s Top Unicorns In The World
All Top 10 unicorns are certainly from the two major countries. The three top companies are from China, including Ant Financial (US$150BN), Bytedance (US$75BN), and Didi Chuxing (US$55BN). The next three positions are held by US companies include Infor (US$50BN), JUUL Labs (US$48BN), and Airbnb (US$38BN).
Leading Industries World’s Unicorns Are Based In
It’s not surprising that e-commerce being the top industry the most unicorns are from as countless startups are entering the digital space. 68 unicorns are from e-commerce with 9% of the total value.
Fintech has revolutionized the financial world with pretty innovative ideas, and the industry is growing at a breakneck pace. With 56 unicorns, it holds the second position bu the industry value is more than double of e-commerce, 22%. The number of cloud industry follows the first two with 44 firms.
Top Capital Ventures In 2019
The ranking of investors is quite interesting as all the investors who fund in unicorns are far behind Sequoia. The American investor funded in 92 companies, whereas Tencent has just 46 being the second in the ranking. Softbank is just behind Tencent with 42 unicorns. According to the report, several Chinese unicorns in the list are investors as well. The Hurun Global Unicorns 2019 is curated by Shanghai-based Hurun Research Institute with a 30 June 2019 cut-off.
