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China trails U.S. in creating unicorns, Hurun ranking shows

Two countries dominate, with nearly 75% of total; India in third place

China is slipping further behind the U.S. in the number of unicorns -- startups valued at more than $1 billion -- as ranked in a global survey. (Source image by AP)

SHANGHAI -- China fell further behind the U.S. in the number of startups valued at more than $1 billion, according to a report Monday published by China-based researchers. However, the two countries continue to dominate the worldwide list of "unicorns," as the highly valued unlisted companies are called.

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