Focus 18: Unicorn Top 50 ranking


When US investor Aileen Lee coined the term ‘unicorn’ in Silicon Valley in 2013 she introduced 39 unlisted firms that were valued at $1 billion or more. Not one of them was Chinese. Today as many as 900 companies claim unicorn status, with about a fifth of the herd emerging from China. Top 50 China Unicorns outlines the leaders in the group with brief profiles of each. A summary of the ranking can be downloaded here.

Here’s our review of the major changes in the ranking’s latest edition, published in April 2022.

Read on for more on the top unicorns below (click on each for a company profile, including links to Week in China articles on the firm). The ranking is updated every quarter.

Are you a China unicorn that our readers should know more about? If so, get in touch with us here.

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