DeepSeek tops Hurun unicorn newcomer list as Hangzhou ranks 9th globally
The Hangzhou-based AI upstart is among 308 newly added unicorns globally and has also entered the top 15 of the overall global unicorn ranking.
The Hangzhou-based AI upstart is among 308 newly added unicorns globally and has also entered the top 15 of the overall global unicorn ranking.
As of April, Hangzhou accounted for 83% of the province’s 58 unicorns, up from 80% a year earlier.
Hangzhou continued to dominate the landscape, home to 48 of the province’s unicorns, up from 44 last year—when it already hosted roughly four out of every five such startups.
The timing comes as offshore listings, primarily on Hong Kong Stock Exchange (HKEX), continue to play an important role in the expansion strategies of Chinese startups.
Launched in 2017, the All Blossom Conference has been held annually every spring, becoming a key event for entrepreneurs, investors, and technology experts.