On July 20th， the 2025 China (Shenzhen) Unicorn Enterprise Conference was held in Shenzhen.
According to research released at the conference， as of 2024， China boasts 372 unicorn enterprises， with a combined valuation exceeding 1.2 trillion US dollars.
This report， compiled by CCG Consulting， provides a comprehensive overview of the development trends and characteristics of global unicorn enterprises in 2024.
From an industry perspective， integrated circuits continue to lead for the fourth consecutive year， with 56 enterprises and a total valuation of 161.8 billion US dollars. Commercial aerospace emerged as the fastest-growing sector with a 150% increase， and enterprises focused on cutting-edge technologies constitute a significant 70.2% of the total.
Geographically， unicorn enterprises exhibit a “3+X” distribution pattern. The Beijing-Tianjin-Hebei， Yangtze River Delta， and Guangdong-Hong Kong-Macao Greater Bay Area city clusters are home to 85% of China’s unicorn firms.
Specifically， Beijing leads with 75 enterprises， followed by Shanghai with 59， and Shenzhen with 42， forming the top tier of unicorn hubs in the country.
Wu Wensheng， Chairman of CCG Consulting， commented， “Chinese unicorn enterprises have entered a new phase of high-quality development， showcasing distinct ‘hard tech’ characteristics and innovative vitality.”
