Pudong boasts large number of potential unicorns

Updated: Jan 28, 2023 english.pudong.gov.cn Print
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A study on China's potential unicorns was released recently, which revealed that there are a total of 112 potential unicorns in Shanghai, ranking second in China, and it is worth mentioning that among the 112 enterprises, there were 57 enterprises located in Pudong, accounting for 50.89 percent of the city's total.

As important economic drivers, potential unicorns are essential for plowing into new fields, promoting high-quality development and restructuring industrial patterns.

The study suggested that potential unicorns in China exist in 39 sectors, including innovative medicine, integrated circuits and artificial intelligence, among which, innovative medicine and integrated circuit were most well-received by bankers, and thus enjoyed the largest number of potential unicorns.

In Pudong, potential unicorns mostly spread across six key sectors, namely, chips, innovative medicine, intelligent manufacturing, big airplanes, future cars and data hubs.

As a district that boasts cutting-edge technologies, Pudong has created an enabling environment for the growth of high-tech enterprises. According to the study, among the 57 potential unicorns, there were 25 enterprises in the innovative medicine sector, nine in the intelligent science and technology sector, and seven in the integrated circuit sector.

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