Top 10 global unicorns of 2024

By Priyanka Roshan, May 29, 2024

The Hurun Research Institute has released the Global Unicorn Index for 2024. Here’s a look at the top 10 global unicorns of the year.

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Tencent-backed digital bank WeBank has dropped four positions but remains in the top 10 with a valuation of $33 billion.

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The Malta-based cryptocurrency exchange Binance's valuation surged from $14 billion to $34 billion.

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The Sydney-based graphic design company Canva has doubled its valuation to $39 billion.

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Databricks, a data and AI company, is valued at approximately $43 billion.

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This financial services and software company, Stripe, is valued at around $61 billion.

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The Chinese fast fashion retailer Shein is valued at approximately $65 billion.

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The Chinese fintech giant has dropped to fourth place, with its valuation decreasing by $40 billion to $80 billion.

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The American artificial intelligence research organization has seen its valuation surge to $100 billion.

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Elon Musk's space exploration company, SpaceX, is valued at around $180 billion.

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With a valuation of $220 billion, ByteDance, the parent company of TikTok, remains the leading unicorn globally.

[{"selector":"#anim-8fe8d046-115a-4157-9e16-dcdbb9fe59a5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-302f8cae-35c1-437a-87cf-428382494d4c","keyframes":{"transform":["translate3d(0px, 254.04613%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5525eb1a-426b-4782-814b-3ae94ac5fd5e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-296f4bc5-e336-465f-a518-655b65c2d7b0","keyframes":{"transform":["translate3d(0px, 334.01239%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-03c6979c-a214-4be3-8ef5-544c7ec96b8d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e0b12329-d08c-4ce4-93c3-b9b93aa28723","keyframes":{"transform":["translate3d(0px, 1132.57948%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8fdb2fd9-c059-4c80-99ce-fe80d617e35d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d6a82a9f-a285-42a2-aa24-7438fa867316","keyframes":{"transform":["translate3d(0px, 501.38818%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] (Source: Global Unicorn Index 2024, April 9, 2024)