Business matters in China have been at an all-time high and this has been the result of the wide usage of TikTok. Currently, the startup with the most value in the world is Bytedance, which is the parent company of TikTok. The company's niche is AI and the growth of technology and the need for AI is another reason for the company's massive success.
As further proof of China's success stories, the second most valuable startup in the world is also from this country. This company, known as Didi, is a ride-booking service just like Uber and Careem but surpasses Uber and Careem, with current valuation at 62 billion USD.
Companies that have a value of above 1 billion dollars are known as unicorn companies. You can find the names of more companies in the infographic below.
Infographic by: Statista