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Lemon Bio Named on Guangzhou’s “Future Unicorn” Innovative Enterprises List

Dec 20,2023

The “Future Unicorn” list was jointly launched by the Guangzhou Industry Development Institute, the Guangzhou Science and Technology Innovation Enterprises Association, and PwC China. The evaluation process included months of research, roadshows, and rigorous selection. A total of 202 enterprises were recognized this year, including 33 unicorn companies, 105 future unicorns, and 64 seed unicorns. Among them, two super unicorns emerged: Shein (valued at RMB 450 billion) and GAC Aion (valued at RMB 100 billion).

Being selected as a “Future Unicorn” means that Lemon Bio is now positioned as a strong candidate to enter the next stage of unicorn growth. Since 2017, 15 enterprises from the “Future Unicorn” list have successfully grown into unicorns, and 10 companies have achieved direct IPOs. Lemon Bio’s inclusion demonstrates its strong R&D capability, rapid growth, and global market potential in the natural hydrocolloids industry.

As an innovative biotechnology enterprise, Lemon Bio specializes in the production and application of high-quality Pectin, Citrus Fiber, and Carrageenan. These natural hydrocolloids are widely used in confectionery, dairy beverages, bakery, fruit juice drinks, and other food applications. With a strong focus on product innovation and consistent quality improvement, Lemon Bio is committed to providing reliable and sustainable solutions to its global partners.

Guangzhou has become the fastest-growing city in China for unicorn enterprises in recent years, actively fostering high-potential companies with strong technological capabilities. Lemon Bio’s recognition as a “Future Unicorn” not only validates its rapid development but also strengthens its foundation for continued global expansion in the hydrocolloid industry.