When the term “unicorn” was coined to refer to startups valued at over a billion dollars in 2013, there were 40 private companies to which the term applied. Since then, the number of these companies has increased about 12.5 times, reaching 500 companies in September.
According to AksjeBloggen data, the value of the 10 largest unicorn companies in the world reached 563.3 billion dollars by the end of September. With a valuation of $ 150 billion, the Chinese startup, Ant, is still the world’s leading unicorn company.
In the past five years, Ant, a subsidiary of Alibaba, has become the world’s leading financial institution. The main reason for its growth was the business platform model that was built on the Alipay system. And because it is a platform that settles transactions between two users, Alipay has more than 900 active customers annually. The company’s revenues reached $ 10.5 billion during the first half of this year, a growth rate of 38 percent compared to the same period last year, while its revenues jumped 11 times to $ 3.26 billion during the same period.
ByteDance, which owns TikTok, is ranked the second largest unicorn company in the world. The market value of the short video app reached $ 140 billion in September 2020, an increase of 86 percent since the beginning of the year.
With a market value of $ 62 billion, Didi Chuxing is ranked third in the world. The number of users of the company’s application, which provides transportation services, more than 550 million users. In the fourth and fifth places are software company Infor and Elon Musk’s SpaceX, with a value of $ 60 billion and $ 46 billion, respectively.
CBInsights data shows that 73 companies joined the Unicon club in 2020, while the total value of its companies in the world reached more than $ 1.5 billion in September.