Two years on: Progress after Xi's speech on the internet

5. Development of internet enterprises

The number of Chinese AI enterprises reached 592 in June 2017. As of December 2017, there were 77 "unicorn companies"— private startups valued at more than $1 billion — in internet and information industries in China.

Among the unicorns, over 30 percent were e-commerce or internet finance businesses, while culture and entertainment, automobile and transport, online medical services and AI companies also achieved rapid development.