Zhejiang unicorn ranks grow to 58 as Hangzhou tightens lead, top ranking shows

Zhejiang province's unicorn companies count rose to 58 as of April 2026, with Hangzhou accounting for 83% of the total. The city added eight new unicorns, including Hailiang Technology Services and Geener Microelectronics, across sectors like semiconductors and robotics.
Zhejiang's unicorn companies count has expanded to 58 as of April 2026. Hangzhou continues to dominate, home to 48 of Zhejiang's unicorns. The city added eight new unicorns: Hailiang Technology Services, Geener Microelectronics, Spirit AI, Geespace, Sunrise, Seepin, DEEP Robotics, and Simplexity Robotics. These companies span sectors from semiconductors and robotics to commercial aerospace. Hangzhou accounted for 83% of Zhejiang's unicorns, up from 80% a year earlier. The province's unicorn count rose by three from a year earlier, with companies spread across seven cities. The annual rankings also include 'future unicorns' and 'seed unicorns', mapping a full pipeline of high-growth companies across various sectors.
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