China Is Threatening America’s Unicorn Dominance

Posted: October 15, 2017 in Uncategorized
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The United States is the undisputed capital of the unicorn – private companies worth more than $1 billion. This title though, is becoming more and more under threat, primarily from China.

You will find more statistics at Statista

As Statista’s Martin Armstrong notes, according to CB Insights, there are currently 215 unicorns in the world, of which 108 are from the U.S.

When it comes to the ‘birth’ of new unicorns however, America’s strength is clearly being diluted.

In 2013, 75 percent of new unicorns were born in the United States, fast forward to 2017 though, and this share has fallen to just 41 percent.

The number of new unicorns from around the world has remained reasonably stable over this time, but it is the rapid increase in activity in China – from 0 percent in 2013 to 36 percent this year – that is putting the most pressure on U.S. dominance.

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