According to news on December 2, the 2020 list of the top 500 global unicorn companies was released, with China and the United States accounting for 81.8%. The number and valuation of Chinese companies still ranks first in the world, with 217 and US$937.69 billion respectively. The top five companies on the list are: Wagmo, ByteDance, Alibaba Cloud, Infor, and Didi Chuxing.
The so-called "unicorn" companies are start-up companies with a valuation of more than US$1 billion. The number of unicorn companies reflects the innovation power of a country from one side.
Waymo, which ranks first, is a company that develops self-driving cars and is a subsidiary of Alphabet (Google’s parent company). Waymo was originally a self-driving car project launched by Google in 2009. It was later separated from Google in December 2016 and became a subsidiary of Alphabet.
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On the whole, the top 500 global unicorn companies in 2020 are basically concentrated in China and the United States, accounting for more than 80%. Among them, the number of Chinese companies reaches 217, with a valuation of US$937.69 billion, ranking first in the world. There are 192 companies in the United States on the list, with a total valuation of US$805.07 billion.
The reason why China has won two consecutive championships is first of all due to China's huge consumer market. Data show that China has maintained its status as the world's second largest importing country for 10 consecutive years. In September this year alone, total imports reached 10.4 billion yuan, a month-on-month increase of 15.6%.
In addition, our country's technological innovation capabilities are also constantly improving. Data shows that my country ranks first in the world in the number of international patent applications. In 2019, the number of international patent applications in China was 58,990, an increase of 200 times in 20 years.
Ifeng.com-Top 500 Global Unicorns 2020 released, ByteDance ranked third