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Nearly 20% of China's 301 unicorns are headquartered in the Bay Area

On the morning of December 20, the "2021 Global Unicorn List" was released to the world in Guangzhou. The list shows that there are a total of 1058 unicorn companies in the world, of which the number of Chinese unicorn companies ranks second in the world, the Guangdong-Hong Kong-Macao Greater Bay Area performs well, and 17% (50) of China's unicorns are headquartered in the Greater Bay Area, of which Guangzhou has 10, an increase of 2 over 2020. In addition, the Guangzhou Municipal Bureau of Commerce, Guangzhou High-tech Zone and Hurun Report signed a contract and jointly announced a long-term cooperation on the "Global Unicorn List". Hurun Report Company's Guangdong-Hong Kong-Macao Greater Bay Area Headquarters and Global Unicorn Base also officially signed a contract to settle in Guangzhou High-tech Zone.

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Unicorn enterprises related to the metacosm

According to the definition of the list, unicorn companies are unlisted companies that were established after 2000 and are worth more than $1 billion. In 2017, Hurun Research Institute began to track and record Chinese unicorn enterprises, and in 2019, it began to track and record global unicorn enterprises, and this year is the third time that Hurun Research Institute has released the global unicorn list.

This year's list shows that there are 1,058 unicorn companies in the world, distributed in 42 countries and 221 cities. On average, these companies were founded eight years ago, in 2013. Of these 1,058 companies, 81 percent sell software and services, and only 19 percent sell physical products. 53% are direct-to-consumers and 47% are B2B businesses. The industries most affected by unicorns are corporate governance, financial services and retail. The total value of the listed unicorn companies is 23.7 trillion yuan.

Hu Run, chairman and chief research officer of Baifu, said that the speed of value creation is quite amazing. It took an average of just eight years for Hurun unicorns to reach a valuation of $1 billion. Which industries have the greatest potential? Hurun believes that half of the world's unicorns are companies in the fields of financial technology, software services, e-commerce, artificial intelligence and health technology, and cybersecurity and blockchain have entered the top ten industries this year, "these areas are the areas where the world's smartest capital is investing." In addition, 2021 is the first year of the metaverse, but there are no unicorns related to the metaverse yet, and Hurun believes that "it can be expected that this game-changing technology will produce many unicorns in the future."

For unicorn businesses

The entrepreneurial ecosystem is crucial

Among all the unicorn companies, the United States ranked first with 487, an increase of 254 over last year; China ranked second with 301, an increase of 74 over last year. The top ten account for 25% of the total value of global unicorns, with 4 from the United States and 3 from China. Compared with last year, there are 673 new unicorn companies on this year's list, including 347 new in the United States, followed by China with 146. Among the newly listed unicorn companies in China, 16 are from last year's Hurun China Gazelle Enterprise List, such as Wenyuan Zhixing, Hesai Technology, Black Sesame Intelligence, etc.; 11 are from last year's Hurun China Cheetah Enterprise List, such as Patpat, Pingkai Xingchen, Shihui Tuan, etc.

Hurun said that 2021 is a world-class entrepreneurial year, and the number of unicorns in the world is almost double that of last year. For unicorn companies, the entrepreneurial ecosystem is crucial. "It takes years to build an entrepreneurial ecosystem, but once it's up and running, it will pay off for decades to come." Hurun pointed out that in China, especially Hong Kong, Shanghai, Shenzhen and the recently launched Beijing Stock Exchange, it also provides very attractive market conditions for start-ups. How can we form a good entrepreneurial ecology full of entrepreneurial spirit? The school should form a virtuous cycle of cooperation with the enterprise, and the enterprise should invest funds to support the school to further become a world-class university, and also cultivate and transport talents for the enterprise.

concern

301 Chinese companies were shortlisted and 3 entered the top 10

8 are valued at more than 100 billion

The list shows that China ranks second with 301, an increase of 74 over last year. Nandu reporter inquired into the list and found that there are 8 unicorn companies in China with a valuation of more than 100 billion, of which 3 enter the top ten of the list, namely ByteDance, Ant Group and Cainiao Network. The list shows that the city with the largest number of unicorn companies in China is Beijing, with as many as 91; followed by Shanghai and Shenzhen, with 71 and 32 respectively. From the perspective of industry, Chinese unicorns are engaged in e-commerce, medical health and artificial intelligence industries, accounting for one-third of the total number of unicorn enterprises in China. In addition, a big feature of Chinese unicorn enterprises is that many unicorn enterprises are incubated by the parent company. 50 global unicorns are incubated by the parent company, of which 49 are from China. Alibaba has incubated the most unicorn companies, with 5.

Nearly 20% of China's 301 unicorns are headquartered in the Bay Area

50 Chinese unicorn companies are located in the Guangdong-Hong Kong-Macao Greater Bay Area

According to the list, 17% (50) of China's unicorns are headquartered in the Guangdong-Hong Kong-Macao Greater Bay Area. From the perspective of field, the 50 unicorn enterprises in the Guangdong-Hong Kong-Macao Greater Bay Area are concentrated in e-commerce, financial technology, artificial intelligence, logistics and health technology. Hurun said, "The headquarters of unicorns, which account for 17% of China, is located in the Greater Bay Area, and the proportion of unicorns in the Greater Bay Area should continue to grow." ”

Among them, there are 32 in Shenzhen, an increase of 12 compared with last year, accounting for 11% of the total number of unicorn enterprises in China. WeBank in the fintech sector ranked 11th on the 2021 Global Unicorn List with a valuation of RMB200 billion, an increase of RMB65 billion compared to last year, ranking fifth among Chinese companies on the list. In the world's top 100 list, Shenzhen companies on the list also include DJI, Ping An Smart City and Xicha, in the fields of robotics, big data and food and beverage, respectively, and Ping An Smart City was listed for the first time.

There are 10 in Guangzhou, an increase of 2 over last year, including clothing cross-border e-commerce Shein, Xiaopeng Huitian, a flying car research and development company under Xiaopeng Motors. There are 7 in Hong Kong, an increase of 1 compared with last year. Of the seven companies headquartered in Hong Kong, three are in the fintech sector. In addition, 1 company in the field of robotics in Dongguan also made the list.

Nearly 20% of China's 301 unicorns are headquartered in the Bay Area

March 2022 Guangzhou

The Global Unicorn CEO Forum will be held

For the "2021 Global Unicorn List" to be launched in Guangzhou, Hurun said that he was very happy that the "Global Unicorn List" was released in Guangzhou in the Greater Bay Area, and he was also very happy that the headquarters of Hurun Report Company in the Guangdong-Hong Kong-Macao Greater Bay Area and the global unicorn base could sign a contract to settle in Guangzhou High-tech Zone. Because the Greater Bay Area is the highest and most active area in China's market economy, Guangzhou, as the core city of the Greater Bay Area, has outstanding comprehensive advantages, and the comprehensive cost of doing business and entrepreneurship is the lowest in first-tier cities, and Guangzhou has an environment suitable for cultivating unicorns and suitable for the growth of unicorns. According to reports, in March 2022, the "Global Unicorn CEO Forum" will be jointly held with the Guangzhou Municipal Bureau of Commerce and Huangpu District of Guangzhou, and the leaders of global unicorn enterprises will be invited to discuss the use of new technologies and new track innovation and entrepreneurship.

The person in charge of the Guangzhou Bureau of Commerce said that he is very pleased to cooperate with the Hurun Research Institute, which provides quality lists and research, Guangzhou is accelerating the construction of a "one-click start" entrepreneurial environment, an investment environment of "instant use", a government business environment of "Responsive", and there are many investment opportunities in strategic emerging industries, new economies, new formats, new models and new technologies, modern commerce and trade, etc. I hope that more unicorn enterprises will invest and develop in Guangzhou.

Written by: Nandu reporter Jiang Zhen trainee reporter Feng Jiaju

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