First ‘Unicorn’ in Anhui

Updated:Jan 25,2019 10:02 AM Hefei TV Station

The USTC-based QuantumCTek Co Ltd was awarded the title of "Unicorn Company", the very first one in Anhui, according to the "Report on Fast-Growing Enterprises in Hefei High-tech Industry Development Zone 2018" jointly released recently by the Greatwall Strategic Consultants and the administration commission of the zone.

QuantumCTek Co., Ltd. is a Chinese pioneer and leader in commercialized quantum information technology (QIT). It is one of the world's biggest manufacturers and providers of QIT-enabled ICT security products and service.

A unicorn is a privately held startup company valued at over $1 billion.

The report shows that there are in total 83 gazelle companies, 46 enterprises in cultivation to be gazelle companies, 2 potential unicorn companies and 1 unicorn company in Hefei High-tech Industry Development Zone. (Translated by Wang Jiwan)