China continued to be a breeding ground for tech unicorns in 2017, with 22 private companies receiving a valuation of US$1 billion or more for the first time. The 2017 vintage unicorns boast a total valuation of US$37.3 billion, accounting for more than a third of the total newborn unicorns worldwide, and 38% in terms of valuation, China Money Network‘s data shows. Even though China produced the second largest number of new unicorns – the U.S. fielded 24 new unicorns …

2017 In Review: China Leads World After Minting 22 New Unicorns Worth $37.3B appeared first on China Money Network.