Innovation

The 10 largest unicorns in the world are worth almost $ 550 billion

Feb 24, 2020 | 34 views

The world's top ten unicorns reached a valuation of $ 546 billion this year, according to data collected by Learnbond.com. The leading company in the ranking is the Chinese fintech Ant Financial, which registered a value of US $ 125 billion last month.

Since it was founded five years ago, Ant Financial has become one of the largest financial institutions in the world. The key to its growth lies in a business model based on Alipay. As a platform for processing payments between users, Alipay has more than 900 million active customers annually. In a cross-sell transaction, Ant Financial offers other financial services, from loans and payments to investments and insurance.

Other positions
ByteDance was ranked as the second largest unicorn in the world. In January 2020, the Beijing-based company, behind the sensation of TikTok short-form video app, reached a valuation of $ 75 billion.

With a market cap of $ 60 billion, Infor was third on the list. Over the years, this New York unicorn has become a supplier of corporate software and a strategic technology partner to more than 90,000 organizations worldwide.

More than 500 unicorns in the world, almost 85% of all these companies, are based in China and the USA.

In January 2020, there were 268 unicorns in America. Another 262 are in Asia and the Pacific. These numbers are significantly higher than those found in Europe, the Middle East and Africa, which had 61, 13 and 11 unicorn companies, respectively.

Analyzed by the industry, most unicorns operate in technology and telecommunications or provide technology services to other companies. More than 140 startups, with a valuation of more than one billion dollars, are focused on the sector.

According to the report, finance, insurance and real estate are the second largest unicorn market, with 104 companies in early 2020. The third most profitable industry is transportation and logistics, with 87 unicorns operating in the segment.