Across 16 sectors, AI unicorns are the highest valued, at an average of US$6.76 billion, followed by financial technology firms at US$6.57 billion Beijing minted the most number of unicorns at 114, followed by 63 in Shanghai and 32 in southern technology hub Shenzhen China is now home to 369 unicorns - start-ups valued at more than US$1 billion - with more than a quarter of these companies involved in the nation's artificial intelligence