The Full List of 279 Unicorn Startups in China (2026)
China's startup landscape includes 279 unicorns, with companies operating across various sectors. The social media platform ByteDance leads the group with a valuation of $300 billion.
The field is not just defined by established names, as new entrants quickly gain high valuations. For instance, auto parts firm Yinwang Smart Technology was founded in 2024 and has reached a $16 billion valuation.
Below is the full list of 279 China unicorn startups at this time.
Top 10 Most Valuable China Unicorns
ByteDance develops a range of content platforms that enable creation and discovery for a global audience. Its portfolio includes TikTok, the immensely popular short-form video application known for its powerful recommendation engine.
| Valuation | $300B (Joined April 2017) |
| Headquarters | Beijing, Beijing, China |
| 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 |
Ant Group develops digital payment and financial technology services to give consumers and small businesses greater access to the economy. They are the creators of Alipay, one of the world's largest mobile payment platforms.
| Valuation | $150B |
| Headquarters | Hangzhou, Zhejiang, China |
| Year Founded | 2014 |
| Founders | Jack Ma |
| Funding Amount | $28.5B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series C |
| Top Investors | Sequoia Capital, Temasek Holdings, BNP Paribas, General Atlantic, Warburg Pincus |
As Alibaba's local life services arm, the company operates two of China's major on-demand platforms: the food delivery giant Ele.me and the restaurant guide Koubei. They connect millions of consumers to local merchants, creating a digital ecosystem for everything from meal delivery to in-store payments.
| Valuation | $30B |
| Headquarters | Beijing, Beijing, China |
| 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 |
Yangtze Memory Technologies manufactures semiconductor products, specializing in 3D NAND flash memory chips. Their technology provides the high-performance storage that powers devices ranging from smartphones to enterprise data centers.
| Valuation | $23B |
| Headquarters | Wuhan, Hubei, China |
| Year Founded | 2016 |
| Founders | Simon Yang |
| Funding Amount | CN¥50.6B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Undisclosed |
| Top Investors | Hubei Changsheng Development, Wuhu Wenming Quanhong Investment Management, Changjiang Industrial Investment Group, China Integrated Circuit Industry Investment Fund (CICF) |
Envision Group creates renewable energy solutions, from smart wind turbines to digital platforms for managing energy systems. Their technology helps partners around the world accelerate the transition to a net-zero future.
| Valuation | $21B |
| Headquarters | Shanghai, Shanghai, China |
| Year Founded | 2007 |
| Founders | Allan To, Lei Zhang |
| Funding Amount | $2B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series B |
| Top Investors | GIC, HSG, Primavera Capital Group |
ChangXin Memory Technologies designs and manufactures dynamic random-access memory (DRAM) semiconductor products. They are a major producer within China's domestic chip industry, supplying memory solutions for a wide range of electronics.
| Valuation | $19B |
| Headquarters | Hefei, Anhui, China |
| Year Founded | 2016 |
| Founders | — |
| Funding Amount | CN¥34.3B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Venture Round |
| Top Investors | China Integrated Circuit Industry Investment Fund (CICF), Alibaba Group, Walden International, Greater Bay Area Homeland Development Fund, Tencent |
JD Digits develops digital technology to connect financial services with physical industries like retail and transportation. They offer a range of solutions built on AI, big data, and cloud computing to help businesses and government agencies achieve digital transformation.
| Valuation | $18B |
| Headquarters | Beijing, Beijing, China |
| 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 |
Xiaohongshu operates a social platform that blends e-commerce with user-generated content like product reviews and lifestyle posts. It's a popular destination for discovering and purchasing goods based on authentic recommendations from its community.
| Valuation | $17B (Joined March 2016) |
| Headquarters | Shanghai, Shanghai, China |
| Year Founded | 2013 |
| Founders | Charlwin Mao Wenchao, Miranda Qu |
| Funding Amount | $917.7M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series E |
| Top Investors | Alibaba Group, Tencent, Hillhouse Investment, Temasek Holdings, HSG |
Yuanfudao provides live courses and tutoring through its comprehensive online learning platform. They use AI to power their EdTech services, offering personalized support and interactive course content for students.
| Valuation | $17B (Joined May 2017) |
| Headquarters | Beijing, Beijing, China |
| 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 |
Yinwang Smart Technology develops intelligent components and systems for the automotive sector. They focus on integrating artificial intelligence into auto parts to enhance vehicle performance and create smarter driving experiences.
| Valuation | $16B |
| Headquarters | Shenzhen, Guangdong, China |
| Year Founded | 2024 |
| Founders | — |
| Funding Amount | CN¥23B |
| Company Size | No Data |
| Last Funding Status | Corporate Round |
| Top Investors | Avatr, Seres Group |
The Remaining 269 Unicorns Founded in China
The ten most valuable unicorns are only a small piece of a much bigger picture. Hundreds of other companies are also making waves, some scaling quickly and others just getting started. You'll see a lot of them working in AI, mobility, and advanced manufacturing, backed by serious investment. Below is a look at the rest of the companies that make China's startup scene one to watch.
| Unicorn Startup | Main Industry | Year Founded | Amount Raised | Valuation |
|---|---|---|---|---|
 Bitmain | Hardware | 2013 | $764.7M | $15B |
 Genki Forest | Food | 2016 | $721.3M | $15B |
 GAC Aion New Energy Automobile | Mobility | 2017 | CN¥18.3B | $14B |
 Xingsheng Youxuan | Retail | 2018 | $5.2B | $12B |
 Zuoyebang | Media | 2014 | $2.9B | $10B |
 Chehaoduo | Mobility | 2015 | $3.8B | $10B |
 HeyTea | Food | 2012 | $595.1M | $9.28B |
 Ping An Healthcare Management | Data | 2005 | $1.2B | $9B |
 DJI | Mobility | 2006 | $107.8M | $8B |
 CALB | Hardware | 2007 | CN¥12B | $8B |
 Jiedaibao | Media | 2014 | CN¥4.5B | $8B |
 WeDoctor | Healthcare | 2010 | $1.5B | $7B |
 Meicai | AgTech | 2014 | $1.5B | $7B |
 Ziroom | Real Estate | 2011 | $2.1B | $7B |
 SVOLT | Hardware | 2018 | CN¥20.8B | $6.51B |
 Hello TransTech | Media | 2016 | $2B | $6B |
 GTA Semiconductor | Hardware | 2017 | CN¥22B | $6B |
 Changxin New Bridge | Manufacturing | 2021 | CN¥14.6B | $6B |
 CMC | Other | 2010 | CN¥10B | $6B |
 Lianjia | Real Estate | 2001 | CN¥9.5B | $6B |
 United Imaging Healthcare | Healthcare | 2011 | CN¥3.3B | $5B |
 Royole Corporation | Hardware | 2012 | $1.1B | $5B |
 Chipone Technology | Hardware | 2008 | CN¥6.5B | $5B |
 Didi Woya | Mobility | 2020 | $1.5B | $5B |
 WeBank | Fintech | 2014 | CN¥1.2B | $5B |
 VIPKID | Education | 2013 | $1.1B | $5B |
 Sunwoda Electric Vehicle Battery | Hardware | 2014 | CN¥16.1B | $5B |
 WeWork China | Real Estate | 2017 | $1.2B | $5B |
 Manner | Food | 2015 | — | $5B |
 Xiaodu | Media | 2016 | — | $5B |
 Miaoshou Doctor | Healthcare | 2015 | $946.5M | $4.25B |
 Hithium Energy Storage | Manufacturing | 2019 | CN¥6.5B | $4B |
 Hozon | Mobility | 2014 | CN¥26.4B | $4B |
 Voyah | Mobility | 2019 | CN¥5B | $4B |
 MEGVII | AI | 2011 | $1.4B | $4B |
 Zhiji Auto | Mobility | 2020 | CN¥12.4B | $4B |
 ENOVATE Motors | Mobility | 2015 | CN¥7.8B | $4B |
 Yunwang Wandian | Retail | 2020 | CN¥6B | $4B |
 Medlinker | Healthcare | 2014 | $762.3M | $4B |
 Ruipeng Pet Healthcare | Fashion | 2013 | $37M | $4B |
 Moonshot AI | AI | 2023 | $1.6B | $3.3B |
 Zhipu AI | AI | 2019 | $1.2B | $3B |
 Avatr | Mobility | 2018 | $2.3B | $3B |
 KK Group | Media | 2014 | $612.1M | $3B |
 Qi An Xin | Security | 2014 | CN¥7.5B | $3B |
 Baichuan Intelligence | AI | 2023 | $740M | $3B |
 Du Xiaoman Financial | Fintech | 2015 | $4.8B | $3B |
 LY.com | Infrastructure | 2004 | $1.7B | $3B |
 ofo | Sports | 2014 | $2.2B | $3B |
 Terminus Technologies | AI | 2015 | CN¥5.8B | $3B |
 BYTON | Mobility | 2016 | $1.2B | $3B |
 Sinovac Life Sciences | Biotech | 2009 | $500M | $3B |
 Hive Box | Retail | 2015 | $1.1B | $3B |
 Sungrow New Energy | Energy | 2014 | CN¥847M | $3B |
 Zhizi Automobile | Mobility | 2022 | CN¥1.1B | $3B |
 Jusda | Hardware | 2014 | CN¥2.4B | $3B |
 Miaopai | Media | 2011 | $775M | $3B |
 Yipin Fresh | Retail | 2013 | CN¥4.5B | $3B |
 DuerOS | AI | 2017 | CN¥2B | $3B |
 Zhuzhou CRRC Times Semiconductor | Manufacturing | 2019 | CN¥5.1B | $3B |
 Fujian Deer Technology | Manufacturing | 2014 | CN¥3.2B | $3B |
 China UnionPay Merchant Services | Fintech | 2002 | $318.8M | $3B |
 Souche | Mobility | 2012 | $1.2B | $3B |
 Didi Freight | Logistics | 2020 | $1.5B | $3B |
 Suning Sports | Enterprise | 1990 | $600M | $3B |
 VANCL | Retail | 2007 | $522M | $3B |
 Alibaba Music | Media | 2015 | — | $3B |
 Wanda E-Commerce | Real Estate | 2014 | CN¥6B | $3B |
 Gokin Solar | Energy | 2019 | CN¥4.1B | $2.88B |
 Biren Technology | AI | 2019 | $785.2M | $2.32B |
 Yitu Technology | Media | 2012 | $401M | $2.17B |
 Unitree Robotics | Manufacturing | 2016 | $263.6M | $2B |
 Zelos | AI | 2021 | $500M | $2B |
 HAI ROBOTICS | Automation | 2016 | $285M | $2B |
 Enflame | AI | 2018 | CN¥5.1B | $2B |
 G7 | Logistics | 2010 | $710M | $2B |
 SemiDrive | Hardware | 2018 | CN¥3.5B | $2B |
 Beijing Weilan New Energy Technology | Hardware | 2016 | CN¥2.1B | $2B |
 Tianbing Technology | Mobility | 2015 | CN¥4.2B | $2B |
 Kylinsoft | Infrastructure | 2020 | CN¥3B | $2B |
 MediTrust Health | Healthcare | 2017 | $308M | $2B |
 Mafengwo | Infrastructure | 2010 | $503M | $2B |
 Qianxun Spatial Intelligence | Analytics | 2015 | CN¥2B | $2B |
 AIWAYS | AI | 2017 | CN¥5.2B | $2B |
 Tujia | Media | 2011 | $755M | $2B |
 Dt Dream | Data | 2015 | $266.6M | $2B |
 XINGYUN GROUP | Enterprise | 2015 | $949.5M | $2B |
 Kujiale | Retail | 2011 | $234.8M | $2.B |
 JIANGXIAOBAI | Food | 2011 | $452.9M | $2B |
 ROX Motor | Mobility | 2021 | $1.4B | $2B |
| Runpeng Semiconductor | Hardware | 2022 | CN¥15B | $2B |
 Chunqing Technology | Mobility | 2021 | $435M | $2B |
 JD Industry | Enterprise | 2017 | $530M | $2B |
 Beisen | Enterprise | 2002 | $388M | $2.B |
 SJ Semi | Manufacturing | 2014 | $1.6B | $2B |
 Bianlifeng | Retail | 2016 | $656M | $2B |
 Kunlun Core | Hardware | 2011 | CN¥1.8B | $2B |
 Farfetch China | Retail | 2020 | $500M | $2B |
 Sineva | Manufacturing | 2013 | CN¥1.7B | $2B |
 YinLong Group | Mobility | 2008 | $432M | $2B |
