BEIJING, April 28 (Xinhua) -- China boasts a total of 369 unicorn companies, or startups valued at more than 1 billion U.S. dollars, according to a report released on Sunday at the 2024 Zhongguancun Forum in Beijing.
The number of unicorn companies in China amounts to over a quarter of the total number of such companies globally, the report on China's unicorn enterprise development said.
In recent years, China's overall strength in technological innovation has steadily increased. The country has fostered a large number of unicorn companies, providing continuous momentum for nurturing new quality productive forces, experts said.
Presently, China's 369 unicorn companies span 16 sectors, with the fields of artificial intelligence and integrated circuits taking the lead.
In terms of localities, these companies span 47 cities nationwide, and more than 60 percent of them are concentrated in Beijing, Shanghai, Shenzhen, Guangzhou, and Hangzhou.
Sixty-seven of them qualified for unicorn companies over the past year.
Beijing ranks first nationwide with 114 unicorn companies, the report noted.
(Editor:Wang Su)
Hollywood star Shia LaBeouf is spotted on the streets of Gavin and Stacey's hometown Barry
New York Philharmonic to tour China this summer
New York Philharmonic to tour China this summer
Russia aborts second attempt to launch a heavy
Target to lower prices on basic goods in response to inflation
Movie Review: Bill Nighy, Michael Ward shine in Netflix’s Homeless World Cup crowd
How major US stock indexes fared Friday, 4/12/2024
Stock market today: Wall Street falls sharply to close out its worst week since October
What a blast to work at NASA. Space agency is sky
Total solar eclipse: What's the path and what to know for Monday April 8
I was 'brokefished' by my friend for £400
Thailand: $13.7 billion digital money handout plan unveiled