Leading industries based on the number of unicorns in China 2020
In 2020, there were 39 unicorns in the Chinese e-commerce sector. A unicorn describes a company that has a market value of over one billion U.S. dollars, but that had not yet listed on a stock exchange. The most valuable unicorn in 2020 was Alibaba's Ant Financial with a market value of 125 billion U.S. dollars.