China in 2018 had 202 unicorns valued at a combined total of $744.6 billion, according to a Greatwall Strategy Consultants report.
A unicorn is a privately held startup valued at more than $1 billion.
Seven of the companies are considered super unicorns – companies valued at more than $10 billion, the report said.
They are Ant Financial ($150 billion), Bytedance ($75 billion), Didi Chuxing ($60 bi
llion), Kuaishou ($20 billion), JD Digits ($20 billion), Cainiao ($20 billion) and Bitmain ($14.5 billion).
China’s unicorns come from 22 industries, with e-commerce, smart logis
tics, new entertainment, artificial intelligence, and new energy and smart vehicles the top five sectors.
Commission said that more than 231,000 college students graduated from universities in
Beijing last year, but 37.5 percent of employed graduates chose to work outside the capital.
A female college student surnamed Zhang said that she chose to w
ork in Wuhan, Hubei province, after graduating from Tsinghua University in June, 2018.
“The biggest reason driving me away from Beijing was the living cost,” she said. “Tho
ugh I can earn 8,000 ($1,160) or even 10,000 yuan a month in Beijing, the rent may cost me 3,000 yuan or more ea
ch month, let alone other expenses such as meals, transportation and getting together with friends.”
In contrast, some so-called new first-tier cities like Chengdu, Sichua
n province; Hangzhou, Zhejiang province; and Wuhan have sprung up as new at
tractions to college graduates for their cheaper living costs and preferential policies to newcomers.
ive, calling for animal-friendly tours and for tour operators worldwide to keep wild animals in
the wild where they belong. It gained support from many travel agencies. By the end of last year, mo
re than 200 companies have removed the wildlife-related entertainment services, such as elephant rides.
Although some travelers are still not fully aware of the concept of animal-friendly tra
vel, the research reveals that 90 percent of them think the concept should be widely promoted.
Having visited the Antarctic more than 30 times, Zhao Xin, an experienced tour guide from Beiji
ng Caissa International Travel Service, said education on wildlife protection before such a tour is important.