(Yicai Global) March 23 -- China's science and technology ministry held a press conference in Beijing today to officially issue its 2017 China Unicorn Enterprise Development Report and the 2017 Zhongguancun Unicorn Enterprise Development Report. Zhejiang province-based Ant Financial Services Group, valued at USD75 billion, led the list.
China Securities Regulatory Commission (CSRC) has reiterated that it will create tools and make institutional arrangements to focus on supporting innovative, leading, and model companies, adding that it welcomes the return of the new economy represented by unicorn enterprises to the A-share market, agency officials said during the just-concluded Two Sessions meeting of China's top lawmakers in Beijing.
Whether the unicorn evaluation standards of the science and technology ministry conform to those of the CSRC remains unclear, however.
Didi Chuxing Technology Co. took the silver with a valuation of USD56 billion, followed by Beijing Xiaomi Technology Co., at USD46 billion. Other companies with top ten rankings were Alibaba Cloud Computing Co., Meituan Dianping Co., Contemporary Amperex Technology Co. Beijing Bytedance Technology Co. (toutiao.com), Cainiao Network Technology Co., Shanghai Lujiazui International Financial Asset Exchange Co. (Lufax), and Renren Technology Co. (jiedaibao).