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Business trends

Asia now home to 75 unicorns as sharing economy takes off

China leads the pack with 59 while Japan is still stuck at one

Both Grab and Go-jek passengers in Jakarta wear green helmets.

TOKYO -- Asia now has 75 unicorn startups, accounting for 40% of the global total by value, a feat made possible by the region's booming on-demand industry -- especially in China.

Founded in 2012, Didi Chuxing Technology now boasts over 400 million users of its popular ride-hailing app. Last year, the Chinese startup bought out the mainland operations of U.S. rival Uber Technologies. The app has penetrated so deeply that it is now often difficult to find a regular cab in China.

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