[drilldrive]

Looking at the listing you provided, the wide majority of the non-American unicorn startups are from China, with some scattered startups in other eastern countries. So I think the shift in startup-location speaks more about China's success in bringing back talent (especially compared to India) versus America's lack of a grip on talent.

[thetechlead]

The trend is more important. US has only 32% of the world's unicorns. Even if you remove all the Chinese companies, US is 58% of the total, far less than the number a few years back. India and Southeast Asia are especially doing well if you put the size of their economies into consideration. In five years, these unicorns could grow into nowadays Amazon and Facebook, and the same holds true for the shift in the job market.