Hurun Global Unicorn List 2024 released: Binance ranks among the top ten with a value of 240 billion yuan

Hurun Research Institute released the "2024 Global Unicorn List", which lists the non-listed companies in the world that were founded after 2000 and are worth more than US$1 billion. Four Chinese unicorns entered the top ten, among which ByteDance continued to rank first with a value of 1.56 trillion yuan; Mixue Ice City from Zhengzhou, Henan Province, was valued at 67 billion yuan and ranked 62nd, one place higher than last year. The best performing unicorn in the world in the past year was OpenAI, whose value increased by nearly 570 billion yuan to 710 billion yuan, ranking among the top three in the world. Ant Group, headquartered in Hangzhou, dropped one place to fourth, and its value dropped by more than 280 billion yuan to 570 billion yuan. In addition, Cainiao Network's value dropped by nearly 120 billion yuan, and its ranking has dropped to 47th. Ant Group and Cainiao Network are also the two unicorns with the largest decline in value last year. Shein, a fast fashion e-commerce company founded in Guangzhou, dropped one place to fifth, with a value of 460 billion yuan. Although it paid a huge fine of 4.3 billion US dollars to the United States, Binance's value increased by nearly 100 billion yuan to 240 billion yuan, ranking among the top ten. According to media reports, Binance's revenue in 2022 was 12 billion US dollars. WeBank, a digital bank backed by Tencent, maintained its position in the top ten with a value of 235 billion yuan, down 4 places. WeBank was established in 2014 and currently manages assets with a balance of more than 2 trillion yuan.