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The number of potential unicorn companies reached 495 in China as of May 31, including 11 ones in Anhui province, according to a report released by Greatwall Strategy Consultants on Tuesday. There were 425 ones last year, and 70 companies were newcomers this year. Beijing took the first place in the country in 2020 with 117 potential unicorn companies. Shanghai, Suzhou, Hangzhou and Shenzhen followed, nurturing 84, 39, 37 and 32 such companies, respectively. Ten out of the 11 Anhui-based potential unicorn companies come from Hefei, capital of the eastern Chinese province. The remaining one is based in Xuancheng, a prefecture-level city in the province. The Hefei National High-tech Industry Development Zone is home to eight potential unicorn companies, or over 70 percent of the provincial total. The 11 companies specialize in industries including integrated circuits, artificial intelligence, innovative drugs and devices, 5G communications and quantum communications.
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