Beijing is home to 96 unicorn startups, creating a diverse and valuable technology landscape. The scene is led by content platform ByteDance, which has a valuation of $300B.
The city's technology sector also includes major companies in education technology, such as Yuanfudao, valued at $17B. Other significant companies include the food and beverage brand Genki Forest and the hardware manufacturer Bitmain, both valued at $15B.
Below is the full list of 96 Beijing unicorn startups at this time.
Top 10 Most Valuable Beijing Unicorns
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2,189 Accelerators & Incubators
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1,600+ Unicorns
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250 BioTech & Health Investors
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250 AI Investors
List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
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250 Fintech Investors
List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50ByteDance operates a range of content platforms powered by machine learning, enabling users to create and engage with media. They are the creators of TikTok, the globally recognized short-form video application.
| Valuation | $300B (Joined April 2017) |
| Year Founded | 2012 |
| Founders | Rubo Liang, Yiming Zhang |
| Funding Amount | $9.5B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Private Equity |
| Top Investors | HSG, New Enterprise Associates, General Atlantic, Sequoia Capital, Morgan Stanley |
Alibaba Bendi Shenghuo Fuwu Gongsi operates as the holding company for Ele.me and Koubei, two of China's leading on-demand service platforms. Together, they provide a comprehensive local commerce ecosystem, offering everything from food delivery to restaurant and service reviews.
| Valuation | $30B |
| Year Founded | 2018 |
| Founders | Mohd Fairuz Razi bin Sharuddin |
| Funding Amount | $4B |
| Company Size | No Data |
| Last Funding Status | Private Equity |
| Top Investors | SoftBank Vision Fund, Ant Group, Primavera Capital Group, Alibaba Group |
JD Digits provides digital technology that connects the financial and physical industries. Their platform uses AI, big data, and cloud computing to help businesses digitize their core operations and services.
| Valuation | $18B |
| Year Founded | 2013 |
| Founders | — |
| Funding Amount | CN¥34B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series B |
| Top Investors | COFCO, Intonation Ventures, HSG, Cyber Creation Ventures (CCV), CICC |
Yuanfudao built an online education platform that delivers live courses and tutoring directly to students. They are known for integrating AI into their tutoring services to create a more personalized learning journey.
| Valuation | $17B (Joined May 2017) |
| Year Founded | 2012 |
| Founders | Ke Shuai, Xin Li, Yong Li |
| Funding Amount | $4B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series G |
| Top Investors | Temasek Holdings, Hillhouse Investment, IDG Capital, Warburg Pincus, Matrix Partners China |
Bitmain designs and manufactures high-performance computing chips and software, specializing in the cryptocurrency space. Their ANTMINER line of ASIC hardware has become an industry standard for mining Bitcoin and other digital currencies.
| Valuation | $15B |
| Year Founded | 2013 |
| Founders | Jihan Wu, Micree Zhan |
| Funding Amount | $764.7M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series B |
| Top Investors | IDG Capital, HSG, Coatue, Temasek Holdings, Huangpu River Capital |
Genki Forest produces a popular line of sugar-free and low-calorie beverages, including sparkling waters and teas. They focus on creating healthier drink alternatives for a global, health-conscious consumer base.
| Valuation | $15B |
| Year Founded | 2016 |
| Founders | Binsen Tang |
| Funding Amount | $721.3M |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Venture Round |
| Top Investors | Temasek Holdings, L Catterton, Gaorong Capital, HSG, Warburg Pincus |
Zuoyebang built a popular online education platform that offers a suite of products and services for K-12 students. They are best known for AI-powered tools like a Q&A search engine and tutoring services that help students with their homework.
| Valuation | $10B (Joined July 2018) |
| Year Founded | 2014 |
| Founders | Hou Jianbin |
| Funding Amount | $2.9B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series E |
| Top Investors | New Enterprise Associates, Tiger Global Management, Goldman Sachs, Legend Capital, HSG |
Chehaoduo operates Guazi, an online car trading platform that directly connects individual car sellers and buyers. Their marketplace is designed for consumer-to-consumer sales, allowing people to trade used vehicles without going through a traditional dealership.
| Valuation | $10B (Joined March 2016) |
| Year Founded | 2015 |
| Founders | Mark Yang |
| Funding Amount | $3.8B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series E |
| Top Investors | HSG, IDG Capital, Matrix Partners China, Sequoia Capital, Tencent |
Jiedaibao developed a mobile application for peer-to-peer lending and borrowing. Their platform allows users to connect directly with each other to lend or borrow money based on mutually agreed upon terms.
| Valuation | $8B |
| Year Founded | 2014 |
| Founders | — |
| Funding Amount | CN¥4.5B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series B |
| Top Investors | — |
Meicai operates an e-commerce platform that connects Chinese farmers directly with restaurants and corporate kitchens. Their service digitizes the agricultural supply chain, helping businesses source fresher produce while improving farmers' incomes.
| Valuation | $7B (Joined June 2016) |
| Year Founded | 2014 |
| Founders | Chuanjun Liu, Xueyin Xu |
| Funding Amount | $1.5B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series F |
| Top Investors | Hillhouse Investment, Tiger Global Management, Blue Lake Capital, Shunwei Capital, ZhenFund |
The Remaining 86 Unicorns Founded in Beijing
The top ten companies get a lot of attention, but they are only a small piece of the picture. Dozens of other founders are building important companies, especially in fields like artificial intelligence and media.
Some are just getting started, while others have been around for years. Below is a look at the other unicorns shaping Beijing's future.