CB Insights, the most influential data research organization in the field of venture capital, recently released the “World’s Most Valuable Unicorns” rankings, with a ByteDance valued at $140 billion. Ranked first. In addition, China’s Didi Chuxing and Kuaishou are also among the top ten in valuation. A total of 24 companies in China squeezed into the top 100.
CB Insights reports that the shortlisted unicorn startups or unicorn companies refer to unlisted private companies valued at more than $1 billion. As of August 2020, there are 488 unicorn companies worldwide, with a total market capitalization of US$1.524 billion. On the basis of the unicorn concept, CB Insights has developed the Decacorn valued at more than 10 billion U.S. dollars, and the Hectocorn concept valued at more than 100 billion U.S. dollars.
According to the report, ByteDance has become the only Hectocorn company with a valuation of US$140 billion . The company was founded by Zhang Yiming in March 2012 and currently operates more than 20 applications (APP), of which the video application Tik Tok has been downloaded. About 2 billion times.
Surprisingly, Ant Financial Group, which is currently valued at US$150-200 billion, has not been included in the ranking. Perhaps, CB Insights sees it as part of the Alibaba Group?
In addition, Didi Chuxing and SpaceX ranked second and third on the list with valuations of US$56 billion and US$46 billion, respectively. There are 27 Decacorn companies.
In terms of industry sectors , there are the most unicorns in the healthcare and financial technology sectors. According to the CB Insights report, there are 66 unicorn companies backed by venture capital in the financial technology industry with a total value of US$248 billion; in the medical industry there are 46 unicorn companies with a total value of US$116.8 billion.
According to the report, for fintech unicorns, the first quarter of 2020 is one of the worst financing quarters in history, but financing rebounded in the second quarter of 2020. In the second quarter, the financing scale increased by 17% year-on-year to reach US$9.3 billion. However, trading activity hit a new low of 127 transactions in April and accelerated in June to 141 transactions.
At the same time, as investors hope to support innovative medical solutions during the epidemic, financing of medical startups has increased.
From a regional perspective , the growth of Asian trading activities is impressive. According to the CB Insights report, in the second quarter, Asian transaction activity increased by 20%, while Europe and North America only increased by 9% and 3% respectively.
In early August, the Hurun Research Institute also released the 2020 Global Unicorn Ranking. There are 586 unicorn companies on the list. The total number of unicorn companies in China and the United States is 233 and 227 respectively, accounting for 80 of the world’s total. %.
Among the top ten on the Hurun list, there are 6 companies in China, namely Ant Group, ByteDance, Didi Chuxing, Lufax, Kuaishou, and Cainiao.