World’s Ten Largest Unicorns Hit Over $563 Billion Value

World’s Ten Largest Unicorns Hit Over $563 Billion Value

According to new data compiled by AksjeBloggen, the world’s ten largest unicorn companies reached a collective valuation of $563.3 billion as of September 2020.
Topping the list was the Chinese fintech Ant Financial, with a valuation of around $150 billion. The company, which offers clients a range of financial services from lending and payments to investing and insurance using a platform business model, recorded revenue of $10.5 billion in the first half of 2020 – a 38% increase year-on-year, with a net profit that rose almost 11 times to £3.26 billion during the same period.
Ant Group filed for its hotly anticipated IPO in August, and will be listed on both the Hong Kong Stock Exchange and Shanghai’s STAR Market.
ByteDance ranked as the second-most-valued unicorn. The parent company of Chinese social media giant TikTok gained a valuation of $140 billion as of September, representing an increase of 86% from the start of 2020.
Didi Chuxing, another Chinese company, ranked third among global unicorns with a $62 billion market value. An app-based transportation service provider with over 550 million users, the company facilitates ride-sharing, bike-sharing and taxi-hailing services, among numerous others.
US unicorns Infor and SpaceX rounded off the list of the top five global unicorns with respective valuations of $60 billion and %46 billion. America represented the largest unicorn market in the world, according to CBInsights data, with 236 private companies valued at over $1 billion. China ranked second with 182.

When the term “unicorn company” first came into usage in 2013, there were only 40 private companies in the world that held a valuation of over $1 billion. Now there are 12.5 times as many unicorns currently in business, with around 500 existing as of September this year.
73 new unicorns were minted in 2020. Taken together, the world’s unicorns are worth a collective $1.5 trillion as of September. A full third of currently operating unicorns are involved in the fintech sector.


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World’s Ten Largest Unicorns Hit Over $563 Billion Value
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