Chinese companies account for the majority of the top ten entries on the Hurun Report’s latest list of private unicorn firms valued at over USD$1 billion.
The “2020 Hurun Global Unicorn List” (2020胡润全球独角兽榜) released by the Shanghai-based Hurun Report on 4 August listed total of 586 unicorns, for a net increase of 92 firms following the addition of 142 new entrants and the withdrawal of 50.
Of the 50 companies removed from the list, 19 were publicly listed, 11 were acquired by other companies, and 20 were dropped due to diminutions in value.
40% of the unicorns on the 2020 list hailed from the US, while 39% are from China, 10% are from Europe and 3% from India.
China accounted for six of the top ten unicorns on the list, with Ant Group and ByteDance taking the top two spots.
Top 10 Unicorn Companies in 2020
|No.||Company||Value (Yuan)||Value (USD)||Country of origin|
|1||Ant Group||1000 billion||150 billion||China|
|2||ByteDance||560 billion||80 billion||China|
|3||DiDi Chuxing||370 billion||55 billion||China|
|4||Lufax||270 billion||38 billion||China|
|5||SpaceX||250 billion||36 billion||US|
|6||Stripe||250 billion||36 billion||US|
|7||Airbnb||245 billion||35 billion||US|
|8||Kuaishou||195 bilino||28 billion||China|
|9||Cainiao||190 billion||27 billion||China|
|10||Palantir||180 billion||26 billion||US|