Great Wall Strategy Consultants Announces Publication of the World Unicorns Development Report 2024 at the 2024 Unicorn Enterprise Innovation and Development Conference, Held in Zhengzhou
15 Julio 2024 - 9:11PM
Business Wire
During the 2024 Unicorn Enterprise Innovation and Development
Conference on July 10, 2024, Great Wall Strategy Consultants
released the "2024 World Unicorns Development Report," revealing
key insights into the global unicorn landscape. According to the
report, as of 2023, there are 1,201 unicorn startups worldwide,
demonstrating robust vitality and innovative potential.
The report highlighted that out of the total unicorn count, 145
were newly minted in 2023, and 39 achieved decacorn status. The
total valuation of global unicorns is an impressive US$3,451.9
billion, averaging US$2.9 billion per company. Newly minted
unicorns in 2023 have a combined valuation of US$251 billion, with
an average of US$1.7 billion each.
The United States and China are the dominant players in this
landscape, accounting for over 70% of the total unicorns. The U.S.
leads with 530 unicorns, followed by China with 375. Both
countries' unicorns have a combined valuation exceeding one
trillion dollars, representing nearly 80% of the global total.
The number of unicorns in China and the U.S. continues to grow.
China has surpassed the United States with 72 newly minted unicorns
compared to the U.S.'s 45. The total valuation of unicorn companies
in the United States (US$1,481.4 billion) is higher than that in
China (US$1,238.3 billion), while the average valuation in China is
higher.
Significant differences exist in the distribution of unicorns in
the industry verticals between China and the United States. The
enterprise digital operations, FinTech, and digital health
verticals account for over 40% of unicorn startups in the U.S. In
contrast, semiconductors, clean energy, and revolutionary
pharmaceuticals are the top three verticals in China.
Unicorn companies in the U.S. are more concentrated
geographically, with half located in California, while nearly 70%
of China's unicorns are concentrated in Beijing, Guangdong,
Shanghai, Jiangsu, and Zhejiang.
Global unicorn financing in 2023 saw 310 unicorns raising
US$83.6 billion, with China and the U.S. together accounting for
80% of this investment.
The report underscores the dynamic and evolving nature of the
global unicorn ecosystem. These startups are not only driving
technological innovation but also reshaping industries across the
globe.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240714780493/en/
Beijing Great Wall Enterprise Institute (GEI)
http://www.gei.com.cn/
Yang Yang yangyang135@gei.com.cn