On June 25, the Hurun Research Institute released the “2026 Global Unicorn List”. China ranks second globally with 381 unicorn companies, an increase of 38 from last year. Two companies from Xiamen made the list: Luckin Coffee and Hithium Energy Storage. Luckin Coffee ranked 93rd on the list, with a value of 64.5 billion yuan. In 2018, Luckin Coffee established its headquarters in Xiamen and experienced explosive growth, with the number of stores surpassing 25,000. Luckin Coffee has since risen to become China’s largest coffee chain. Hithium Energy Storage ranked 277th on the list with a value of 28 billion yuan. The company was established in Xiamen in 2019 and is a key development project designated by both Fujian Province and Xiamen City. Its core business includes the research and development, production, and sales of core materials for lithium-ion batteries, as well as lithium iron phosphate energy storage batteries and systems, covering full-scenario energy storage solutions for generation, grid, and consumer sides.
