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Beijing city authorities take steps to support tech unicorns, including fast-tracking IPO approvals

The support measures come as authorities seek to spur growth among unicorns amid a sputtering economic recovery and after a long period of regulatory scrutiny.

Top 10 cities with most potential unicorns

Top 10 cities with most potential unicorns
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Number of China s unicorn company reaches 251 in 2020

Number of China s unicorn company reaches 251 in 2020 By Yang Yang | chinadaily.com.cn | Updated: 2021-04-27 15:09 A robot dances at a technology fair in Shanghai on April 15, 2021. [Photo/IC] China s unicorn company numbered 251 with a total valuation surpassing $1 trillion for the first time in 2020, according to a report released by Greatwall Strategy Consultants on Monday. The total value of China s unicorn companies amounted to $1.06 trillion in 2020 and about 12 of them were valued at more than $10 billion with 72 new comers and 24 listed, the report said. Last year, China s unicorn companies were spread in about 27 areas and 88 sub-areas, among which internet education, new energy and smart vehicles, new retail, intelligent logistic and digital entertainment were the hottest ones.

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