ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Startups in Asia

Billion-dollar tech startups hold promise for China's economy

Four cities provide greenest pastures for burgeoning number of unicorns

SHUNSUKE TABETA, YUSHO CHO and NAOKI MATSUDA, Nikkei staff writers | China

BEIJING/SHANGHAI -- China has become a land of unicorns, home to at least 70 unlisted startup companies valued at $1 billion or more. And the government is counting on them to work some much-needed magic on the private sector.

Bands of the ventures are concentrated in four Chinese cities: Beijing, Shanghai, Hangzhou and Shenzhen. Some aim to unleash the power of artificial intelligence. Others focus on financial technology or lifestyle services. Together, they promise to help pull the country's economy through the trade war with the U.S.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more