3 OVC companies selected as global unicorns

Wuhan ABclonal Biotechnology Co is one of the three firms based in OVC to be included on the Global Unicorn Index 2024. [Photo/WeChat account of Optics Valley of China]

The Global Unicorn Index 2024, released on April 9 by the Huren Research Institute, consists of non-listed companies founded after 2000 with the value over $1 billion. The evaluation range spanned 291 cities in 53 countries and regions.

China ranked first in terms of total number, with eight firms based in Wuhan, Central China's Hubei province. Three of those are located in the East Lake High-tech Development Zone (also known as Optics Valley of China, or OVC).

Wuhan Xiaoyaoyao Pharmaceutical Technology Co, under its pharmaceutical e-commerce platform Yaobangmang, has long been providing intelligent pharmaceutical and medical supply chain services to pharmacies and clinics across the country. It offers digital tools to grassroots medical institutions, continuously promoting the industry's digital upgrading.

Established in 2015, Xiaoyaoyao focuses on the "Internet+" smart pharmaceutical industry, providing professional services in pharmaceutical distribution, with value-added services based on new technologies in industrial internet, industrial intelligent big data, industrial intelligent logistics, industrial supply chain finance, and industrial new retail.

Wuhan ABclonal Biotechnology Co, founded in 2011, is a biotechnology company specializing in the research, production, and sales of immune reagents such as antibodies. It provides cutting-edge high-end research products to biomedical research institutions, universities, hospitals, and other entities.

The logo of Ankon Technologies Co (Wuhan). [Photo/WeChat account of Optics Valley of China]

Ankon Technologies Co (Wuhan), established in 2009, is a high-tech medical company focused on the research, production, and operation of medical devices. Its core technologies involve precision magnetism control, specialized chips, artificial intelligence, smart manufacturing, micro-optical imaging, image processing, and wireless transmission.