Study of 151 Chinese unicorns shows Beijing #1 city for startups

Most Chinese unicorns are located in large Tier 1 cities. Beijing is the outstanding leader with 66 unicorn companies, followed by Shanghai (with “only” 38 of them).  The most common industry in which Chinese unicorn companies operate is Internet services, followed by e-commerce and online finance. A significant amount of unicorns are young companies: 35% of them are less than 4 years old, and 60% of them less than 6 years old.

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