The Term Unicorn is used to refer to a startup that is valued at over $1 billion.
According to CB Insights data, the top of the ranking is occupied by Chinese and American startups. Three American companies, SpaceX, Stripe and Palentir Technologies are valued between $20bn and $50bn. DiDi Chuxing, the chinese start-up that just launched Self-Driving Taxi Services in Shanghai, is now the second of the global ranking and is valued around $56bn.
The most valuable Unicorn is ByteDance wich operates more than 20 apps in total. TikTok, its viral video app, has been downloaded roughly 2bn times worldwide. The company is valued at $140bn, making it the first hectocorn (companies valued at $100B+).
“China and the US dominate with over 80 percent of the world’s known unicorns, despite representing only half of the world’s GDP and a quarter of the world’s population.”Rupert Hoogewerf, chairman and chief researcher of Shanghai-based publishing group Hurun Report
1- ByteDance ($140bn)
Although its name is unknown to the general public, ByteDance offers content platforms that enable people to enjoy video content powered by AI technology. The company engineered and operates a dozen mobile apps.
Many Chinese use Toutiao, while worldwide TikTok is now one of the trendiest social media apps. ByteDance also expanded its business into different areas including videogames, corporate messaging and online education.
According to media reports, ByteDance is the world’s most profitable start-up thanks to its dominant position in China and the rest of Asia. ByteDance’s main challenge remains the same: finding the Next TikTok.
2- DiDi Chuxing ($56bn)
Often called the “Uber of China”, DiDi Chuxing is the second most valuable unicorn. It has recently launched the trial run of IA based self-driving ride service (read more: Shanghai launches self-driving taxi service).
The company offers a full range of app-based transportation options including taxi, express, premier, luxe, bus, bike-sharing, car sharing, and food delivery.
DiDi has many growth potentials and is already disrupting the auto and transportation industry thanks to its tech innovation. It is already developing automated driving technology in Beijing, Suzhou City in Jiangsu Province, and the U.S. state of California.
3- SpaceX ($46bn)
Considered as one of the most ambitious projects of Elon Musk, SpaceX has already become the world’s largest satellite operator, managing more than 500 satellites and planning thousands more.
To provide true global internet access, including rural areas, a network of ground stations linking its “Starlink satellites” to the internet’s physical backbone is required. In case of success, Elon Musk has said that space-based internet service can generate as much as $30 billion in revenue.
There’s still a lot of work to be done before Starship is ready for anything serious, but SpaceX appears to be moving very rapidly to get things ready for the future.
SpaceX could be a $175 billion company if Elon Musk’s Starlink internet plan worksMorgan Stanley
4- Stripe ($36bn)
Operating in over 25 countries, Stripe is a U.S. company that operates in the fintech industry. It designs and produces software to process online credit and debit card payments to allow both private individuals and businesses to accept payments over the Internet.
The company offers many highlights that make the site exceptionally helpful to utilize. It empowers vendors to set up a record in insignificant minutes, contrasted with days for different suppliers. Its API is speedier to incorporate than contending offerings.
The start-up recently announced the addition of Zoom Video Communications to its list of customers benefiting from the shift to an online economy. Indeed, Stripe has benefited from growth in online payments, attracting investments from Elon Musk, Peter Thiel, and Google’s venture arm Capital G, among others.
5- Palantir Technologies ($20bn)
Today, data is a commodity. And Palantir may be the future of data analysis.
The start-up is a world-class analytic platform used worldwide by
governmental and financial analysts. It helps organizations make sense of vast amounts of data, gather information from various sources like internet traffic and cellphone, records and analyzes that information. It puts those disparate pieces together into something that makes sense to its users, like a visual display.
Integrate, manage, secure, and analyze all of your enterprise data.Palantir Technologies website
Combining a powerful backend with an intuitive frontend, Palantir enables customers to execute complex analytic and investigative missions with greater speed and fewer resources.