The total number of Unicorn enterprises from China is 207 as of December 2020, an increase of 20 or 10.7% over the end of 2019. Beijing and Shanghai account for over 60% of total technology unicorns in China. Over 94% are concentrated in five regions; more than 50% of these enterprises are in five industries.
In terms of regional distribution, Chinese unicorns are still concentrated in Beijing, Shanghai, Guangdong, Zhejiang, and Jiangsu, accounting for 94.2% of the total.
Beijing has the largest number, 88 unicorn enterprises, accounting for 42.5% of the total. Shanghai has 42 Unicorn enterprises, accounting for 20.3%; Guangdong has 32, accounting for 15.5%; Zhejiang has 22, accounting for 10.6%.
In terms of industry distribution, more than 50% of China’s Unicorn enterprises a...
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