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Date: 14-apr-2025 | By: Nuztrend Team
China continues to solidify its position as a key player in the global tech ecosystem, ranking second worldwide in the number of unicorn companies — privately-held startups valued at over $1 billion.
According to a recent report by Hurun Research Institute and government sources, China is home to 409 unicorn companies as of April 2025. These startups collectively hold a combined valuation of approximately $1.5 trillion, showcasing the country's rapid rise in global tech leadership.
Leading unicorns in China include well-known names such as ByteDance (TikTok parent), Ant Group, Shein, DJI (drone technology), and NIO (electric vehicles). Many of these companies have gained international market presence and investment support from global firms.
While the United States remains the global leader in the number of unicorns, China accounts for nearly 30% of the world’s total unicorn count, surpassing other Asian economies and positioning itself as a global innovation hub.
China’s government continues to invest heavily in technology, research, and development to support startup ecosystems. Initiatives focusing on artificial intelligence, smart manufacturing, and digital economy growth are fueling the rise of new unicorns in the region.
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