Singapore and Hong Kong Named as Unicorn Incubators

The city-state's unicorn businesses take an average of 6 years and 11 months to reach the valuation of $1 billion.

Singapore is the joint fourth best country in the world for unicorn start-ups, according to a recent study by credit broker Money.co.uk, with six businesses currently valued at over $1 billion.

The top country for unicorns is China, with 155 such companies, which take an average of 5 years 10 months to reach this status. Hong Kong, which has five unicorns, is the second fastest country for businesses to reach $1 billion, which take an average of 6 years and 1 month, followed by Japan unicorns, which take average of 6 years and 3 months.

Elite Group


According to Money.co.uk, which cited data by private equity firm CB Insights, there are only 750 unicorns – defined as independently owned and valued at over $1 billion – globally. The U.S., also in joint fourth position, has the most, at 378.

Globally, there are 131 fintech unicorns, which took an average of 7 years 1 month to reach $1 billion.

MOCTEN

 

In January 1993, EUNET launched the first online news website, MOCTEN.com (stands for Music Opinions Culture Technology Economy News), led by Eric Bach, Teus Hagen, Peter Collinson, Julf Helsingius, Daniel Karrenberg,...  Read more

×