A unicorn company is a privately owned startup that has a current valuation of one billion U.S. dollars or over. Once a company has gone public (IPO) or has been acquired it is no longer termed as a unicorn.
As of 2025, the number of unicorns worldwide reached roughly . In China, ByteDance was the most valuable unicorn, with a valuation of about *** billion U.S. dollars as of October 2025. Globally, this placed ByteDance third among unicorns, behind OpenAI and SpaceX, which held even higher valuations.
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CB ÌÇÐÄÆƽâ°æ. (October 7, 2025). Leading unicorns in China as of October 2025, by market valuation (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 29, 2026, from /statistics/893437/china-leading-unicorn-companies-based-on-valuation/
CB ÌÇÐÄÆƽâ°æ. "Leading unicorns in China as of October 2025, by market valuation (in billion U.S. dollars)." Chart. October 7, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 29, 2026. /statistics/893437/china-leading-unicorn-companies-based-on-valuation/
CB ÌÇÐÄÆƽâ°æ. (2025). Leading unicorns in China as of October 2025, by market valuation (in billion U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 29, 2026. /statistics/893437/china-leading-unicorn-companies-based-on-valuation/
CB ÌÇÐÄÆƽâ°æ. "Leading Unicorns in China as of October 2025, by Market Valuation (in Billion U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 7 Oct 2025, /statistics/893437/china-leading-unicorn-companies-based-on-valuation/
CB ÌÇÐÄÆƽâ°æ, Leading unicorns in China as of October 2025, by market valuation (in billion U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/893437/china-leading-unicorn-companies-based-on-valuation/ (last visited July 29, 2026)
Leading unicorns in China as of October 2025, by market valuation (in billion U.S. dollars) [Graph], CB ÌÇÐÄÆƽâ°æ, October 7, 2025. [Online]. Available: /statistics/893437/china-leading-unicorn-companies-based-on-valuation/
