According to ChainCatcher news and the Shanghai Securities Journal, the Hurun Research Institute released the (2024 Hurun Global Gazelle Company List) showing that the number of gazelle companies worldwide increased by 17% year-on-year to 803, distributed across 38 countries. Among them, the number of Chinese companies rose from 70 in 2019 to 258, with 77 in biotechnology and 29 in AI among the 302 newly added companies.
Data shows that over 25% of gazelle companies have applied AI technology in fields such as fintech, blockchain, and SaaS, with an average valuation of 700 million dollars. Hurun stated that the integration of technologies such as generative AI, machine learning, AR/VR, and cloud computing brings unprecedented development opportunities to innovative enterprises.
Note: Gazelle companies refer to young companies that grow rapidly like African gazelles, usually established after 2000, expected to reach a valuation of 1 billion dollars within 3 years, and are unlisted companies with continuous innovation capabilities and high growth potential.