CHINA ’ S UNICORN COUNT : 103
LEADERSHIP
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“ One of the most valuable startups in the world is ByteDance , which clocked in with a valuation of over $ 75bn ” the $ 1bn unicorn barrier in April , thanks to investment from IDG Capital and Bitmain . The cryptocurrency exchange allows for the global trading of currencies such as Bitcoin and Ethereum , as well as fiat currencies .
CHINA ’ S UNICORN COUNT : 103
China , meanwhile , is the only challenger to the US for the tech unicorn crown . The most active investor in the region is Chinese technology conglomerate Tencent . Its investments have come across a broad by Japanese society , with the Japanese government pledging in 2018 to produce 20 tech unicorns by 2023 . The finger of blame is pointed in different directions , but according to Asia Times , CEO of SoftBank Masoyashi Son ’ s take is that venture capitalists in the country are stingy , that the public has a preference for public companies and that there is a cultural aversion to risk-taking .
Nevertheless , there have been some successes , as with the latest tech unicorn to come out of the country : Liquid . The fintech firm breached
FEBRUARY 2020