Unicorn enterprises, a term used in the investment industry, especially venture capital, generally refers to unlisted startups with a valuation of more than $1 billion that have been established for no more than 10 years.

In the 2018 China Unicorn List jointly released by the Fire Moment Center of the Ministry of Science and Technology and the Great Wall Strategic Consulting, Beijing topped the list with 80 homes nationwide, making it one of the major clusters of unicorn enterprises in the world.

Unicorn enterprises are regarded as an important wind vane for the development of the new economy, mainly in the high-tech field, with the Internet field being particularly active.

Expanded Information:

According to Deloitte's China-U.S. Unicorns Study (hereinafter referred to as the "Report"), as of 2017, the number of unicorns in the U.S. had increased from 1.7 million to 2.7 million. the Report), as of June 30, 2017, there were 252 unicorns in the world, with 106 in the United States, accounting for 42.1% of the total and the first in the world, and 98 in China, accounting for 38.9% of the total and the second in the world, while India, which was ranked third, had only 10 of them.

"China's unicorns have ushered in the fastest-growing period in terms of number, and the scale of enterprises is unprecedented. More importantly, in terms of quality, many unicorn companies are of world standard." Wang Qiang, co-founder of Zenith Fund, said.

The report's list of super unicorns (i.e., unicorns valued at more than $10 billion) shows that as of June 30, 2017, China accounted for five of the world's top 10 unicorns in terms of valuation, namely Ant Financial Services, DDT Travel, Xiaomi, Lufthansa, and Meituan Volkswagen Dianping. The company's flag includes Alipay, Balance, Sesame Credit, etc.

Mobile payment represented by Alipay creates a new way of cashless life, and Sesame Credit opens up a new dimension of personal credit; Xiaomi's cell phone firmly occupies the top five positions in global sales; Lufthansa creates a convenient one-stop wealth management platform on the Internet.... ...In addition, Ningde Times, which has just completed its initial public offering (IPO), is also a unicorn company, and it is the world's leading power battery company, with the world's top sales volume in 2017.

Baidu Encyclopedia - Unicorn Enterprises