"Unicorn" companies are private companies valued at more than $1 billion. By 2015, the world had 150 such firms.
While the U.S. has most of them, Asia, too, is thriving. The total valuation of Asian unicorns was more than the GDP of countries like New Zealand and Oman.
China and India together account for one-third of the unicorns. Singapore has three. There are two in Israel.
Of the top 10 most valued unicorns...
Three are from China. One is from India.
Of the 10 companies that became rose to a billion-dollar valuation the fastest...
Six are from Asia — all from China.
14 unicorns from Asia are from e-commerce. Hardware and on-demand services (cabs, for instance) are next.