In recent years, China's overall scientific and technological innovation strength has steadily improved, and the innovation system is going to complete, giving birth to a large number of unicorn companies, providing a continuous source of momentum for the cultivation of new quality productivity. Unicorn companies have the characteristics of strong innovation ability, good growth, and high market recognition. They are the "vane" of the development of the new economy and a typical representative of new quality productivity.

The "China Unicorn Enterprise Development Report (2024)" releasing at the Global Unicorn Enterprise Conference held by Zhongguancun Forum on April 28 announced the list of Chinese unicorn companies, with a total of 369 companies, and Welion ranked 103rd.