Top 10 Chinese unicorns in 2019

chinadaily.com.cn | Updated: 2020-05-14 06:40

China took second place in the world for its number of unicorn companies, according to sina.com.cn, which quoted data from CB Insights in a report on Wednesday.

Unicorns reflect the vitality of a country's new economy, industry trends and national competitiveness, the Evergrande Research Institute said, adding the era for windfall financing from investors was over in 2019, due to the weakening recovery of the global economy.

Unicorns in China were born largely in association with internet giants and are crucial components of the giants' ecological system. Statistics showed about 50 percent of unicorns in China are more or less related to Alibaba, Baidu, Tencent, JD and Meituan.

Let's take a look at the top 10 Chinese unicorns in 2019.

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