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Chinese firms lead the world’s most valuable startup list

In this way, the first place was for the startup Bytedance, which operates in the segment of artificial intelligence and has a value of US $ 75,000 million.

Founded in 2012, the firm owns Jinri Toutia, a mobile application that adds news and content from third parties, with 120 million daily users. The service uses artificial intelligence algorithms to show each user personalized content – from news to music or videos – based on their interests and history. Outside of China it has similar applications such as TopBuzz and NewsRepublic.

Who takes the second place?

The second place in the ranking went to DiDi Chuxing, valued at US $ 56,000 million. The car rental service is similar to Uber, but operates exclusively in the Chinese market. The company is even expanding its borders and already has a presence in Latin America: it is in Mexico and before the end of the year it would arrive in Colombia, among other countries.

These two startups have as their main strength the giant Chinese market but also have capitalization contributed by the main investment funds in the world that encourage them to add users in other markets.

Where are the US companies?

Only from the third position appear the companies of the United States. In this case JUUL Labs, which develops electronic cigarettes and is valued at US $ 50,000 million. The fourth place is for the American WeWork, recognized worldwide for its shared office buildings and today has a market value of US $ 47,000 million.

Quite well below this value is for Airbnb. The collaborative hosting platform is in fifth place, with a valuation of US $ 29,000 million.

The sixth place was in the hands of Stripe, a software developer that allows individuals and companies to make and receive payments through the Internet. Its value is US $ 22,500 million.

It is followed by SpaceX (US $ 18,000 million), the space company of Elon Musk; Epic Games ($ 15,000 million), a US video game development company; Grab ($ 14 billion) another rival of Uber, in this case from Singapore, and finally Doordash ($ 12.6 billion), a food delivery service based on operations in the United States.

Also published on Medium.

Published inStartups

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