World’s Top 10 cities with most potential unicorns

The number of China’s potential unicorns hit a record high in 2020, totaling 425, according to a report released by Greatwall Strategy Consultants, a Beijing-based private think tank focusing on the new economy.

Beijing was home to 117 potential unicorn companies as of the end of 2020, ranking top in China, followed by Shanghai (84) and Suzhou (39).

A “potential unicorn” means a China-registered company set up within the last five years with a valuation reaching $100 million, or a company set up for five to nine years valued at over $500 million.

Let’s take a look at the 10 cities with the most potential unicorns in China.

No 10 Hefei (9)

An aerial photo was taken on Aug 21, 2020, shows a cargo ship berthing at the International Container Terminal of Hefei Port in Hefei, East China’s Anhui province. [Photo/Xinhua]

No 9 Wuhan (10)

The Eye of East Lake Ferris wheel is seen in the foreground of the lake in Wuhan, Central China’s Hubei province, on Aug 17, 2020. [Photo/Xinhua]

No 7 (tie) Chengdu (11)

A panda statue stands at a gift shop in Kuanzhai Ancient Street in Chengdu, Southwest China’s Sichuan province. [Photo/IC]

No 7 (tie) Nanjing (11)

People tour the 2020 Nanjing International Automobile Exhibition in Nanjing, Jiangsu province. [Photo by Wan Chengpeng/for China Daily]

No 6 Guangzhou (20)

An aerial view of downtown Guangzhou, Guangdong province, on July 18, 2020. [Photo provided to China Daily]

No 5 Shenzhen (32)

A view of Shenzhen, Guangdong province, on June 25, 2020. [Photo/IC]

No 4 Hangzhou (37)


People read books at a bookstore by the West Lake in Hangzhou, Zhejiang province, on May 3, 2020. [Photo/Sipa]

No 3 Suzhou (39)

Taihu Lake in Wuzhong district is a popular tourism destination in Suzhou. [Photo by Chen Buxiang/for China Daily]

No 2 Shanghai (84)

Photo taken on Nov 3, 2020, shows a view of the Lujiazui area of Pudong, East China’s Shanghai. [Photo/Xinhua]

No 1 Beijing (117)

Skyscrapers reach into the clear sky in Beijing’s central business district. [Photo by Sheng Peng/For China Daily]

2 thoughts on “World’s Top 10 cities with most potential unicorns”

Leave a Reply to Richard Cancel Reply

Your email address will not be published. Required fields are marked *