Startups with a valuation of US$1 billion are categorized as Unicorns. To date, the highest-ranked Unicorn remains an online service provider, Uber, with a valuation reaching US$69 billion.
China dominated the list of largest Unicorn companies last year. Seven out of the top ten largest Unicorns originated from the country. Technology startups developing Artificial Intelligence (AI) technology led the valuations of new Unicorns last year, reaching US$20 billion. The Artificial Intelligence and transportation sectors dominated the highest-valued startups throughout 2017.
According to PitchBook data, 57 startups achieved Unicorn status throughout 2017. One of them is Traveloka, an Indonesian startup in the travel technology sector.
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