share
 

China's unicorn firms gaining ground on international stage

0 Comment(s)Print E-mail China Daily, April 14, 2025
Adjust font size:

Technicians test photovoltaic cell and module products at a new energy technology unicorn company in Xuancheng, Anhui province, in August. [Photo/Xinhua]

China continues to rise as a key player in the global innovation ecosystem, ranking second globally in the number of unicorn companies and accounting for nearly 30 percent of the world's total, said a newly released report.

According to a unicorn enterprise development report released at the Zhongguancun Forum in March, China's unicorn companies are gaining global prominence, with a total of 409 unicorns valued at approximately $1.5 trillion.

Unicorns, generally defined as privately held companies that are less than 10 years old and valued at over $1 billion, are considered to have unique core technologies, competitive advantages and significant market potential.

Xie Shaofeng, chief engineer of the Ministry of Industry and Information Technology, said: "The rapid rise of China's unicorns in recent years can be attributed to the dominance of intelligent technologies. Nearly a third of the country's unicorns hail from smart technology fields, including large models and autonomous driving, which have fueled the growth of sub-sectors such as smart healthcare, logistics and manufacturing."

The report said that China's unicorns span 12 sectors, with significant representation in integrated circuits and semiconductors, software and information services, new energy technologies, AI, intelligent manufacturing and new consumption.

Among these, AI leads in terms of total valuation, with Chinese unicorns in the AI sector collectively valued at $461.2 billion. The new consumption and retail sector follows closely at $203.9 billion, while integrated circuits round out the top three with a valuation of $192.5 billion.

On average, the unicorns in AI, e-commerce and new energy smart vehicles have the highest valuations, with averages of $7.56 billion, $6.19 billion and $5.43 billion, respectively. The report also highlighted the emergence of "super unicorns" — companies valued at over $10 billion. Currently, there are 18 such companies in China.

In terms of quantity, the new consumption and retail sector leads with 66 unicorns, followed by AI (61), integrated circuits (54), intelligent equipment (54) and pharmaceutical health (43). Together, these five sectors account for 68 percent of all Chinese unicorns.

One such unicorn is Uisee, a leader in autonomous driving. Wu Gansha, co-founder and chairman of the company, highlighted the need for differentiation, either by focusing on niche markets that larger companies overlook or by optimizing technologies to offer affordable, high-quality products.

"Unicorns generally follow one of the two paths," Wu explained. "Either they carve out a unique position in a neglected niche, becoming the first or the only in that field based on their core capabilities, or they bring down costs dramatically through innovative technologies and engineering. The key is to scale that advantage, turning a unicorn into a super unicorn."

Looking ahead, Wu said that globalization is essential for China's unicorns to thrive. "High labor costs and markets with rigid demand are ideal environments to maximize technological value," he said.

For Chinese companies to succeed on the global stage, they must ensure that their products meet international standards, enabling them to quickly respond to global competition and "go global" with minimal lag time, industry experts added.

As China's unicorns continue to expand their reach, their influence on global markets is expected to grow, further reshaping the landscape of innovation and technology across multiple industries. With government support and a growing ecosystem of talent and capital, the future looks promising for China's fast-rising tech giants.

However, Li Daokui, director of Tsinghua University's Academic Center for Chinese Economic Practice and Thinking, said that those firms on the verge of becoming unicorns face significant funding shortages.

Few unicorns are able to rely entirely on profits to sustain their growth, and many require patient capital to support their long-term development, he said.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 国产免费看插插插视频| 国产鲁鲁视频在线观看| 久久五月精品中文字幕| 欧美日本高清在线不卡区| 免费传媒网站免费| 美女黄网站人色视频免费| 国产又色又爽又黄的| 中文字幕日韩丝袜一区| 国产超碰人人做人人爽av| caoporn97在线视频进入| 怡红院视频在线观看| 丰满多毛的大隂户毛茸茸| 日韩中文字幕网| 亚洲AV无码成人精品区狼人影院 | 天天操天天干天天| 一级毛片免费观看不卡的| 扒开末成年粉嫩的小缝视频| 久久伊人久久亚洲综合| 日韩精品内射视频免费观看| 亚洲av日韩精品久久久久久久 | 最近的中文字幕视频完整| 亚洲国产品综合人成综合网站| 欧美韩国日本在线观看| 亚洲综合欧美色五月俺也去| 男人插女人app| 免费a级毛片永久免费| 精品日韩一区二区三区视频| 四虎www成人影院免费观看| 色综合天天综合网看在线影院 | 一个人看的www免费在线视频| 成人免费视频网站www| 中文字幕在线视频免费| 抱着娇妻让粗黑人人玩3p| 久久中文字幕无码专区| 日本天堂免费观看| 久久无码人妻一区二区三区午夜| 最近中文国语字幕在线播放| 亚洲av极品无码专区在线观看| 欧洲vat一区二区三区| 亚洲gv天堂无码男同在线观看| 欧美亚洲国产日韩综合在线播放|