2018 in review: China incubates 25 new unicorns worth $58 billion

This article by Violet Tang originally appeared on China Money Network, the best data intelligence platform tracking China’s tech and venture capital markets (access requires subscription).

China continued to be a breeding hotbed for tech unicorns in 2018, with 25 private companies receiving a valuation of $1 billion or more for the first time. The 2018 vintage unicorns boast a total valuation of $58.05 billion, China Money Network‘s data shows.

The total number of Chinese unicorns represents a modest increase over the 22 in 2017, but is still a slowdown over 2016 and 2015, which saw 33 and 31 new Chinese unicorns, respectively.

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