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China gave birth to the world's largest unicorn company, only 9 years old, surpassing Musk's Space X in the United States

On December 20, 2021, the relevant departments announced the list of global unicorn companies, and in the number of companies on the list, China ranked second, second only to the United States. Despite this, the world's first unicorn enterprise is still born in Our country. So, do you know which company this is?

China gave birth to the world's largest unicorn company, only 9 years old, surpassing Musk's Space X in the United States

From the list of unicorns, in 2021, there are 301 unicorn companies on China's list, an increase of 74 compared with 2020, and China ranks second with this number; the United States, which ranks first, has reached 487, an increase of 254 compared with 2020. The unicorn company that ranks in the list this time is ByteDance.

Not only that, in this list, the valuation of the company reached 2.25 trillion yuan, an increase of 1.73 trillion yuan compared with before. And it is worth noting that the company has achieved such outstanding results in only 9 years since its establishment. In terms of rankings, it directly surpasses Musk's Space X company in the United States.

You know, although Space X is a private company, it has successfully launched its self-developed rocket. In 2008, it achieved a successful launch, and since then, it has received a 1.6 billion order from NASA and officially started the road to commercial spaceflight. Today, the company has launched more than 100 rockets, doing what many countries can't do.

China gave birth to the world's largest unicorn company, only 9 years old, surpassing Musk's Space X in the United States

But even so, it is still ByteDance that ranks at the top of the list, so what advantages does the company have?

I believe that for the company everyone should be very familiar with it, the company's today's headlines, vibrato, and Feishu and other software, the scope of use is relatively wide. In particular, Douyin, as of June 2021, the monthly active users of the software reached 64485, while the same short video Kuaishou, the number of users of its software is only 41742 people. It can be seen from this that most people watch vibrato.

It is worth noting that Douyin not only has a domestic version, but also an overseas version of TikTok, and it is understood that TikTok's global downloads have exceeded 3 billion times. And there are research data show that the APP in 2022, will likely become the third largest social networking platform after Facebook, Instagram, only the number of monthly active people will reach 755 million. Not only that, while short videos are doing well, the company has found the development prospects of watching videos to make money, so it has launched software such as Douyin Express Edition and Today's Headlines Express Edition.

China gave birth to the world's largest unicorn company, only 9 years old, surpassing Musk's Space X in the United States

For the company, the most critical core competitiveness is its pure digital and customized recommendation, that is to say, the company's products are not physical in it, only these two advantages, so that other companies can not compete with it.

In addition to the enterprise, in this list, China also has a relatively outstanding development momentum of enterprises, just like in the top 10 of the list, China occupies three other major enterprises, they are Ant Group and Cainiao Network. It is worth noting that these two companies are subsidiaries of Alibaba, and their valuations can reach 1 trillion and 220 billion, respectively.

In fact, from the relevant data, the average age of these unicorn companies is 8 years, that is to say, equivalent to 2013, these companies were established, in a relatively short period of time, they can achieve a valuation of more than $1 billion, which is more powerful. Not only that, but in these industries, the financial sector is far ahead, with the number of companies reaching 139.

Secondly, in the field of e-commerce and software, there are 122 and 134 respectively. Other fields, such as artificial intelligence, account for relatively small proportions.

It is worth noting that in this year's list, there are 50 companies belonging to the group's subsidiaries, of which China accounts for 49, and the largest number is from Alibaba, which has a total of 5 companies on the list.

China gave birth to the world's largest unicorn company, only 9 years old, surpassing Musk's Space X in the United States

In addition, in this list of unicorns, a total of 673 belong to the new enterprises, while China occupies 146. There are new additions and exits, but even among the companies that have withdrawn from the list, most of them are because the companies have gone public or merged with other companies. Specifically, 28% of the companies that missed the unicorn list were due to reasons such as the listing of the company, and only 7% of the companies were because their valuations fell below $1 billion.

Judging from the above data, the proportion of domestic listed enterprises and enterprises that are not listed due to listing and other reasons is relatively large. It can be said that the development momentum of most domestic enterprises is still relatively good.

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