According to analyst CB Insights, Chinese AI company Bytedance is the highest-valued startup – currently private, up-and-coming company – in the world. The venture, which is valued at US$75 billion, is running content platform Toutiao in China, which uses machine learning to tailor a newsfeed for each individual viewer out of traditional and new media sources.
The second highest-valued startup according to CB Insights is also from China – ride-hailing service Didi valued at US$56 billion – but U.S companies make up the bulk of the top 10. Juul Labs, WeWork, Airbnb, Space X and Epic Games are all valued at US$15 billion or more. A total of 21 companies in the ranking were valued at US$10 billion or more, making them decacorns. According to CB Insights, there were 395 unicorn startups (companies valued at US$1 billion or more) with a cumulative valuation of US$1.2 trillion in the world as of September 2019.