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Asia's bulging unicorn birth rate is close on US heels
When it comes to churning out unicorns - startups valued over $1 billion - the US rides high, but the Asian stampede is growing. For now at least.
Business Insider points out that while many expect a unicorn extinction event soon, this does little to stop the rise in the number of unicorns coming into existence.
CB Insights' Unicorn Tracker reveals that of the current 137 unicorns, 83 are in the US. The rest are found in Asia, Europe, and South America. China alone had 25.
But the gap between Asia and the US is closing, In the second quarter of 2015, the US produced 12 new unicorns and Asia created nine, buoyed by several mega-financings. These included Tujia, Panshi, and One97 Communications which each raised in excess of $200 million.
A look over the past year shows that Asia has produced 20 unicorns, nearly two-thirds of the US's 34. This is impressive considering the relative infancy of Asia's start-up ecosystem compared with that of the US. The only issue is whether Asia will maintain this kind of momentum in the face of slower economic growth in China.