China has more than 200 unicorn companies founded in the last 5 years and located in 28 cities in 2019, according to China Internet Weekly on Sept 22.
Among these companies, 72 percent are headquartered in Beijing, Shanghai, Shenzhen and Hangzhou. In 2018, the proportion was 78 percent. This meant more innovative cities are springing up in the country as production and living factors are reallocated, the weekly magazine pointed out.
The number of high-tech unicorns has increased significantly in recent years, with a focus on artificial intelligence, big data, cloud computing, quantum communication, biomedical, new energy and self-driving cars.
Let's take a look at the top 10 unicorn companies among the 150 ranked by the magazine.
No 10 SenseTime
The AI company's exhibition booth at the 17th China Public Security Expo for Security & Protection in South China's Shenzhen on Oct 30, 2019. [Photo/sensetime.com]
No 9 Mashang Consumer Finance
An online-to-offline consumer finance company. [Photo/msxf.com]
No 8 WeBank
The WeBank logo. [Photo/webank.com]
No 7 JDD
JD Group's branch focuses on new-generation information technologies including big data, AI, cloud computing and blockchain to provide digital solutions. [Photo provided to chinadaily.com.cn]
No 6 Cainiao
Cainiao, an online express delivery platform in China, opens a cross-border air freight route to delivers products from Central China's Hunan province to Russia on May 28, 2020. [Photo/Xinhua]
No 5 Lufax
The office of Lufax.com is seen in Shanghai on May 1, 2014. [Photo/VCG]
No 4 Kuaishou
A Kuaishou booth is seen during ChinaJoy 2019 in Shanghai in August 2019. [Photo/Sipa]
No 3 Didi Chuxing
A Didi car is seen in Kazan, Russia. [Photo/Xinhua]
No 2 Ant Group
An Ant Group mascot is seen in Hangzhou, capital of Zhejiang province. [Photo by Long Wei/For China Daily]
