BEIJING, April 28 (Xinhua) -- China boasts a total of 369 unicorn companies, or startups valued at more than 1 billion U.S. dollars, according to a report released on Sunday at the 2024 Zhongguancun Forum in Beijing.
The number of unicorn companies in China amounts to over a quarter of the total number of such companies globally, the report on China's unicorn enterprise development said.
In recent years, China's overall strength in technological innovation has steadily increased. The country has fostered a large number of unicorn companies, providing continuous momentum for nurturing new quality productive forces, experts said.
Presently, China's 369 unicorn companies span 16 sectors, with the fields of artificial intelligence and integrated circuits taking the lead.
In terms of localities, these companies span 47 cities nationwide, and more than 60 percent of them are concentrated in Beijing, Shanghai, Shenzhen, Guangzhou, and Hangzhou.
Sixty-seven of them qualified for unicorn companies over the past year.
Beijing ranks first nationwide with 114 unicorn companies, the report noted.
(Editor:Wang Su)
Burglar hurled stolen mobile phones at police from the top of 60ft high roof during nine
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
Quavo takes swipe at Chris Brown's history of domestic violence and calls out his ex
Hall of Fame outfielder Ken Griffey Jr. to lead Indianapolis 500 field in Corvette pace car
Truce deal in Gaza enters into force
UN rights chief highlights peace, security in human rights protection
Interview: China responsible, proactive player in global climate governance, says Kuwaiti expert
Slovak, Polish protesters ease blockade on borders with Ukraine
Verona confirms Serie A status for another year after beating Salernitana
China bolsters online consumer protection with new regulations