Unicorns are companies that have been around for a relatively short period of time and have a valuation of $1 billion or more.

By point in time, those that reach the standard within 2 years are called nascent unicorns or newborn unicorns, while those that are more than 10 years old are dropped from the list. By valuation, those with a valuation of less than $1 billion but with the potential for growth are called potential unicorns; those with valuations of $1 billion to $10 billion are general unicorns; and those with valuations of more than $10 billion (about Rs. 63 billion) are super unicorns. unicorns.

The concept was proposed by Aileen Lee, an investor at Cowboy Venture, in 2013, who categorized startups valued at more than $1 billion in private and public markets and called them "unicorns". The term then quickly became popular in Silicon Valley and appeared on the cover of Fortune. Between 2003 and 2013, only 39 companies emerged from a field of more than 60,000 competitors to achieve valuations of more than $1 billion.

According to the Hurun Research Institute, 22 of the 120 unicorns mentioned above belong to Internet services, 22 companies are e-commerce firms, 17 are Internet finance companies, 10 are culture and entertainment firms, and some of the more recent companies that have received more attention, such as big data and cloud computing, artificial intelligence and robotics. According to these incomplete statistics, the sum of unicorn companies and unicorn concept stocks in the Chinese market exceeds 200.

From 2013 to March 2018, there were 237 unicorn companies in the world***, according to CB Insight data. Among them, 118 are from the United States***, accounting for 49.78%; China follows with ***62 accounting for 26.16%; and the third and fourth in the rankings are the United Kingdom and India, with 13 and 9 respectively. If valued by industry, the top three are fintech, e-commerce and software services, accounting for about 45% of the overall valuation. Global liquidity crowdfunding and venture capital are important factors contributing to the rapid growth of these companies. The sectors are mainly in three major areas: high-end manufacturing, Internet and high-tech.

According to the market capitalization list, Ant Financial Services ranked first with a valuation of RMB 400 billion, while DDT, Xiaomi, and Xinmeida ranked 2nd and tied for 3rd with valuations of RMB 300 billion, RMB 200 billion, and RMB 200 billion, respectively; today's headlines, Ningde Times, and Lufthansa all tied for 5th with valuations of RMB 100 billion; DJI ranked 6th with a valuation of RMB 80 billion place; Koubei, Cainiao Network, Jingdong Finance, Hungry Mou all ranked 9th at the same time with a valuation of more than 50 billion yuan.