Ant Group and ByteDance Top 2020 List of Global Unicorns

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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.CompanyValue (Yuan)Value (USD)Country of origin
1Ant Group1000 billion150 billionChina
2ByteDance560 billion 80 billion China
3DiDi Chuxing370 billion 55 billionChina
4Lufax270 billion38 billionChina
5SpaceX250 billion 36 billion US
6Stripe250 billion 36 billion US
7Airbnb245 billion 35 billionUS
8Kuaishou195 bilino 28 billionChina
9Cainiao 190 billion 27 billion China
10Palantir180 billion26 billionUS

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