China’s Top 500 Hidden Unicorn Companies Total Valuation Breaks 2 Trillion Yuan for the First Time

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The 2024 China Hidden Unicorn Companies Conference was held in Qingdao, Shandong on November 5. The “2024 China Hidden Unicorn Companies Development Report” released at the conference showed that the total valuation of China’s Top 500 Hidden Unicorn Companies in 2024 exceeded 2 trillion yuan for the first time, reaching 213.3 billion yuan, a year-on-year increase of 160.19 billion yuan, an increase of 8.12%.

The report data showed that from 2023 to 2024, 150 new companies were added to China’s Top 500 Hidden Unicorn Companies. At the same time, 10 companies successfully landed in the capital market, 43 companies were promoted to unicorns, 96 companies were temporarily eliminated from the list of China’s Top 500 Hidden Unicorn Companies, and 1 company was acquired.

Xie Shujiang, Chairman of the Unicorn Enterprise Innovation Branch of the China Invention Association and Secretary-General of the China Hidden Unicorn Enterprise Top 500 Conference, said in his interpretation of the report that the report divides the 2024 China Hidden Unicorn Enterprise Top 500 into 14 tracks. Among them, the number of companies in the advanced manufacturing track has increased significantly, surpassing the number of companies in the pharmaceutical and health track, ranking first.

来源：广州新闻网