Dozens of Chinese startups have been listed as the most valuable unicorns¹ (startup companies valued at over $1 billion) in the world, according to a recent report from a research institute.

 

某研究机构最近公布的一份报告显示，中国有数十家初创公司被列入全球最具价值独角兽（市值超过10亿美元的初创公司）。

 

New York-based tech firm CB Insights has unveiled its latest list of 197 of the most valuable private startups around the globe, 49 of which are from China. 

 

The U.S. ride-hailing giant Uber Inc. tops the list with a total value of $68 billion while its Chinese competitor Didi Chuxing Technology Co. ranks second with $50 billion. 

 

Chinese smartphone maker³ Xiaomi Corp., which was valued at about $46 billion, ranks third on the list.

 

Companies on the list are mostly tech firms in sectors⁴ like e-commerce, internet technology, fintech, cyber security and social media. 

 

54% of firms on the list are headquartered in the United States, while 23% are based in China. 

 

Other Chinese companies which are also on the Global Unicorn² Club list include bike-sharing startup ofo ($1bn), Fintech company Lu.com ($18.5bn), Lianjia($6.2bn), an online platform for rental⁵ and second-hand⁶ real estate transactions, Ele.me ($4.5) a China-based online food ordering site, and China Internet Plus (known as Meituan-Dianping which was formed by the merger⁷ of Meituan, and Dianping, a group buying website).

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