China is Threatening America's Unicorn Dominance

The United States is the undisputed capital of the unicorn - private companies worth more than $1 billion. This title though, is becoming more and more under threat, primarily from China. According to CB Insights, there are currently 215 unicorns in the world, of which 108 are from the U.S. When it comes to the 'birth' of new unicorns however, America's strength is clearly being diluted.

In 2013, 75 percent of new unicorns were born in the United States, fast forward to 2017 though, and this share has fallen to just 41 percent. The number of new unicorns from around the world has remained reasonably stable over this time, but it is the rapid increase in activity in China - from 0 percent in 2013 to 36 percent this year - that is putting the most pressure on U.S. dominance.

You can see this chart in mandarin, here: 中国正在威胁美国”独角兽”公司的优势地位