The Hangzhou Venture Capital Association and one-stop financing service platform Welian jointly released a list of Chinese startups that boast the greatest potential to become unicorns (startups valued at over $1 billion) on June 29.

Of the 143 companies on the list, 35 are based in Zhejiang province. The companies were selected from among nearly 1,000 startups nationwide valued above $100 million after a comprehensive evaluation of their innovation, financing, competence, market potential, and other aspects.

The companies focus on six sectors: healthcare, advanced manufacturing, artificial intelligence, education, new-pattern consumption, and corporate services.

The average age of the companies is 5.3 years, and it took 4.3 years on average for their market value to reach $100 million.

The list of "100-Million-Dollar Companies and Tomorrow's Unicorns" is released at an annual business forum held in Hangzhou, Zhejiang province on June 29. [Photo/ zj.zjol.com.cn]