On April 26, at the 2021 China (Tianjin) High-Growth Enterprise Press Conference, Great Wall Enterprise Institute released a new List of Chinese Unicorn Companies. In 2020, there were 251 Chinese unicorn companies, with a total valuation of more than one trillion U.S. dollars for the first time. As of March 31, 2021, there were 23 new unicorn companies. Qingdao has gathered “8+1” unicorn companies