Shulou(Shulou.com)11/24 Report--

On September 1, the 2023 Global Unicorn Top 500th Conference was held in Laoshan District, Qingdao. During the meeting, Professor Xie Shujiang, president of unicorn enterprise innovation branch of China Invention Association and secretary-general of Global Top 500th Unicorn Enterprise Conference, interpreted the "2023 Global Unicorn Top 500th Development report" to the guests.

According to the report, there are 11 top 2023 global unicorns in educational science and technology racing tracks, with a total valuation of 453.4 billion yuan. According to the Global Unicorn Top 500th Database (Unicorn500), the number of educational science and technology racing track unicorns in 2020-2023 increased by-1,-3,-4 and 0 respectively compared with the same period last year; the total valuation of educational science and technology track unicorns increased by 44.22%, 38.49%,-1.74% and-2.92% respectively compared with the same period last year. Compared with 2022, the number of unicorn enterprises in the educational science and technology track remained unchanged in 2023; the total valuation decreased by 13.619 billion yuan, or 2.92%, from 467.019 billion yuan to 453.4 billion yuan, showing a downward trend.

Source: global Top 500 Unicorn Database (Unicorn500)

The Top10 companies of the top 2023 global unicorns are Yuanfudao, BYJU'S, homework gang, Vipkid, Guild Education, EMERITUS, ApplyBoard, Outschool, Age of Learning and Articulate. Among them, Yuanfudao is valued at 108.5 billion yuan, ranking 1st in the educational science and technology track, 37th in the overall list; BYJU'S is valued at 80.5 billion yuan, No. 2 in the educational science and technology track, 64th in the overall list; and the homework gang is valued at 77 billion yuan, ranking 3rd in the educational science and technology track, and 67th in the overall list. Vipkid is valued at 31.5 billion yuan, ranked 4th in the educational science and technology track, ranked 237th in the overall list, Guild Education valued at 30.5 billion yuan, ranked fifth in the educational science and technology track, ranked 252nd in the overall list, EMERITUS valued at 22.4 billion yuan, ranked sixth in the educational science and technology track, ranked 371st in the overall list, and ApplyBoard valued at 22 billion yuan, ranked seventh in the educational science and technology track, ranked 379th in the overall list. Outschool is valued at 21 billion yuan, ranking 8th on the educational science and technology track, 405th on the overall list, 20.5 billion yuan on the Age of Learning track, 9th on the educational science and technology track, and 431st on the overall list. Articulate is valued at 20.5 billion yuan, ranking 10th on the educational technology track and 431st on the overall list.

Vipkid

Vipkid ranks 131st in the 2023 Global Unicorn list and 4th in the Education and Technology Race with a valuation of 31.5 billion yuan. VIPKID is a digital platform that provides one-stop online language learning for families around the world. Centering on the three cores of education, science and technology, and service, the company uses its international and professional content and services to build a global life-long learning product ecosystem to meet the language learning needs of families of different ages and regions. Through AI, we can build a multi-mixed learning platform, promote personalized learning, and strive to integrate the best North American foreign teachers in the world, so as to provide Chinese children with an extreme and efficient English learning experience. Connect Chinese children with North American foreign teachers through a 1-to-1 real-time online video learning platform. Vipkid has a highly reliable and low-latency network system, Nebula system, which has covered 50 countries around the world and set up central transmission nodes in 55 cities in 16 countries; its security protection system ensures data security and operational security, and online education enterprises certified by ISO information security management system are empowered by science and technology to guard family education.

BYJU'S

BYJU'S ranks 46th among the top 2023 global unicorn companies with a valuation of 80.5 billion yuan, and No. 2 in the Education and Technology Race. BYJU'S is an Indian K12 online education service platform that mainly provides original learning content, video courses, and interactive teaching activities for school students. Its learning programs include JEE, NEET, CAT, IAS, GRE and GMAT. The company currently has 35 million registered students and 2.2 million annual paid subscribers. Its core product is to provide video learning courses and exam preparation services for K12 students. The main educational subjects covered by BYJU'S are physics, chemistry, biology and mathematics. It can also develop personalized learning programs for students according to their proficiency and ability. BYJU'S 's mission is to redefine the way the world learns through unremitting efforts and innovation, to break down barriers to quality education, and to help build a learning ecosystem to train future leaders.

The Global Top 500 Unicorn Conference is sponsored by Qingdao Municipal people's Government and China Private Enterprise Research Center of Renmin University of China, and hosted by Qingdao Private Economic Development Bureau, Qingdao Laoshan District people's Government and Beijing Invisible Unicorn Information Technology Institute. The meeting released the "Global Top 500 unicorn enterprises list", "Global Top 500 unicorn enterprises report". The 2023 Global Top 500 Unicorn Development report is based on the Global Top 500 unicorn database (Unicorn500). According to the evaluation criteria of unicorn enterprises, using human-computer integration intelligence technology (Human Machine Intelligence), the top 500 unicorn companies are selected from around the world to form the 2023 Global Unicorn Top 500 list. The report comprehensively expounds the latest development trends of the global top 500 unicorn enterprises, analyzes the basic pattern and development characteristics of the global top 500 unicorn enterprises, and looks forward to the future development of the global top 500 unicorn enterprises.

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