Home / Business / Finance

China's unicorn enterprises reach $210b in market value

By Chen Meiling in Guiyang | | Updated: 2017-05-26 19:43

The total estimated market value of Chinese unicorn big data enterprises has reached $210 billion, 49 percent of which came from the finance industry, a report said.

Ant Financial, founded in 2014, ranked at the top among the 29 unicorn big data companies with an estimated market value reaching nearly $75 billion, followed by DiDi, Meituan Dianping and, Huang Bo, co-founder of China's new economic think tank, Beijing Greatwall Strategy Consultants research institute, said Friday.

Unicorn companies refer to those founded within 10 years whose estimated value surpassed $1 billion, Huang said.

Data from the internet and government laid the foundation for industrial development. Data-driven enterprises, which apply big data into different services, show great potential in the future, he said.

Average market value of data–driven enterprises, reached $3.56 billion, compared with $510 million of traditional data technology companies, the report said.


Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349