A unicorn startup is a privately held startup company that is valued at more than $1 billion. The term “unicorn” as a description for a business that already has a financially strong corporate entity and a business concept, is no longer a startup or a newly started company. There are 158 unicorn startups in Asia that have reached a valuation of more than $1 billion.
The top level unicorn is Decacorn, which is the status given to startups with a valuation of 10 billion US dollars. And then hectocorn is a term used for startups with a valuation of more than 100 billion US dollars.
Asia accounts for 40% of the total list of unicorn startups worldwide. China dominates most of Asia’s unicorn startups. In fact, six of the top ten startups on the global unicorn list come from China.
For information, most of these unicorn startups are technology-based startups. The data below is very likely to change both from the valuation value of startups and startups that have just won a unicorn.
Unicorns valued at over $1 billion
- Ant Financial (China) – $150 billion worth
Ant Financial is a company that provides inclusive financial services to individuals as well as small and micro businesses.
- ByteDance (China) – $75 billion valuation
Bytedance is a company that has multiple content sharing platforms that allow people to connect with each other.
- DidiChuxing (China) – $56 billion valuation
Didi Chuxing is a ride-sharing platform that has operations in 400 cities in China.
- Aliyun (China) – Valuation of $39 billion
Aliyun aka Alibaba Cloud focuses on developing highly scalable cloud computing and data management services.
- Meituan-Dianping (China) – $30 billion valuation This
unicorn is an online buying and selling website in China that focuses on local and retail consumers.
- Tencent Music (China) – $30 billion valuation
Tencent Music Entertainment (TME) Group is an operator of music streaming and download services under Tencent Group
- Flipkart (India) – $20.8 billion valuation
Flipkart is an e-commerce marketplace India’s leading commerce platform offering over 30 million products from 70+ categories including Books, Electronic Media and Lifestyle.
- Cainiao Logistics (China) – $20 billion valuation
Cainiao Logistics is a startup providing logistics services to Alibaba Group that operates warehouses and express delivery stations.
- Lufax (China) – $18.5 billion valuation The
Shanghai Lujiazui International Financial Asset Exchange (“Lufax”) is an online marketplace for trading financial assets.
- JD Logistics (China) – $13.5 billion valuation
JD Logistics offers supply and logistics services to the e-commerce industry.