Core Insights - The 2025 China (Shenzhen) Unicorn Enterprise Conference highlighted the growth of unicorn companies in Shenzhen, with 42 unicorns valued at $159.9 billion and an average valuation of $3.71 billion, marking Shenzhen as the leader in new unicorns with 13 new additions [1] - Shenzhen's unicorn companies are primarily focused on "hard technology," with significant representation in integrated circuits and robotics, reflecting the city's industrial development ecosystem [1] - The Shenzhen government has implemented four action plans this year to foster the growth of unicorn companies, emphasizing support for strategic emerging industries and establishing a comprehensive service mechanism for the entire lifecycle of unicorn enterprises [1] Group 1: Unicorn Companies in Shenzhen - The report indicates that 66.7% of Shenzhen's unicorn companies are in cutting-edge technology sectors, showcasing the city's innovation capabilities [1] - The tax department in Shenzhen has introduced various policies to support technology innovation and manufacturing, enhancing the operational environment for unicorn companies [1] Group 2: Case Study - Yuanxiang XVERSE - Yuanxiang XVERSE, established in 2021, is among the new unicorns, leveraging both AI and 3D technologies, and has quickly become a leader in the VR market by launching five VR products across 33 cities [2] - The company has benefited from the Shenzhen tax department's streamlined services, which include one-stop tax handling and personalized support for complex tax matters [2] Group 3: Globalization of Unicorn Companies - A significant trend among Shenzhen's unicorns is their global expansion, with 80% of the 42 unicorns being global companies [3] - Companies like Xinwanda have established overseas production bases and received tailored tax services to facilitate their international operations, including expedited export tax refunds [3] Group 4: Credit Taxation Mechanism - In Qianhai, the tax department has implemented a "credit taxation" mechanism, allowing high-credit unicorn companies to enjoy expedited services such as instant invoice approvals [4] - Shenzhen has a robust ecosystem of specialized and innovative small and medium enterprises, with over 10,000 such companies supporting the city's innovation drive [4]