The 2025 Hangzhou Unicorn Enterprise List is released at the 9th All Blossom Conference on April 24. [Photo provided to ehangzhou.gov.cn]

The 9th All Blossom Conference released the 2025 Zhejiang Unicorn Enterprise List on April 24, spotlighting 55 high-growth companies across sectors such as life sciences, AI, and next-gen information technology.

For the first time, the list featured a three-tiered structure — including seed unicorns, future unicorns (top 100), and full unicorns — highlighting startups valued from $10 million to over $1 billion.

Adopt A Cow, a Hangzhou-based producer of dairy products, stood out as the only agriculture-focused company on the list. With 2024 revenue surpassing 5 billion yuan (686 million), the company leverages digital technologies to modernize farming, underscoring the potential of agri-tech in China's innovation landscape.

The rise of firms like DeepSeek, BrainCo, and Adopt A Cow reflects Zhejiang's increasingly diverse and dynamic innovation ecosystem. These companies are not only accelerating strategic industries but also injecting fresh momentum into the transformation of traditional sectors — turning Zhejiang into a national hub of high-quality productivity.

Some international attendees pose for a photo at the conference. [Photo provided to ehangzhou.gov.cn]