A total of 63 unicorn enterprises in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) appeared on the Global Unicorn Index 2023 released by the Hurun Research Institute at the 2023 Global Unicorn CEO Conference held in Guangzhou, south China's Guangdong province on April 18.
It demonstrates that Guangzhou is the Chinese city with the fastest-growing number of unicorn companies, reflecting the positive business environment in Guangzhou and the GBA. The number of unicorn enterprises in Guangzhou rose from 10 to 22 over the past year.
The list indicates that there were 1,361 unicorn companies worldwide by the end of last year, 303 more than that of the previous year.
Guangzhou has launched 50 billion yuan ($7.27 billion) in pro-innovation and pro-investment funds so far this year to support startups and innovations, particularly to facilitatefin the research and development of key technologies as well as application of research findings.