Core Insights - The fifth China Invisible Unicorn 500 Strong Conference (2025) reported that the total valuation of the 2025 China Invisible Unicorn 500 Strong exceeded 2.2 trillion yuan, a year-on-year increase of 3.14% [1] - The average valuation of these companies reached 4.4 billion yuan, an increase of 134 million yuan [1] Group 1: Industry Trends - The report identified six major trends in the development of China's invisible unicorn enterprises: 1. Continuous increase in total valuation and entry threshold 2. Advanced manufacturing, healthcare, and artificial intelligence becoming core sectors 3. Model innovation companies in lifestyle services, cultural tourism, and enterprise services facing challenges 4. Increasing attention and cultivation of unicorn enterprises by more cities 5. Gradual formation of a supportive policy system for the growth of unicorns/invisible unicorns 6. Emergence of a group of innovative entrepreneurs embodying the "unicorn spirit" [1] Group 2: Evaluation Standards and Projects - The conference also launched the "Unicorn Enterprise Classification Evaluation Standard Guide" (T/CAIS001—2025), establishing a four-tier classification system for unicorns [2] - The guide includes core evaluation indicators such as technological innovation, market penetration, and growth acceleration [2] - The "China Unicorn Enterprise Comprehensive Evaluation and Cultivation Project" aims to identify and cultivate over 500 standard unicorns, 5,000 invisible unicorns, and 50,000 seed unicorns over the next five years [3] Group 3: Economic Impact - Invisible unicorn enterprises are seen as key carriers of new productive forces, gradually becoming core drivers of high-quality economic development and modern industrial system construction [3] - These enterprises are expected to play a significant role in technological breakthroughs, results transformation, and industrial upgrades, thus injecting momentum into the development of emerging and future industries [3]