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Hangzhou is a center for technology and business in China, with a strong focus on robotics and artificial intelligence. The city's startup scene also includes major players in financial technology and manufacturing.
The area is home to financial giant Ant Group, which has raised $28.5 billion in funding. Other notable companies include Unitree Robotics, a developer of advanced robots with over $263 million in backing.
Below is our list of 70 Hangzhou startups worth keeping an eye on.
Everything you need to raise funding for your startup, including 3,500+ investors, 7 tools, 18 templates and 3 learning resources.
Buy It For $97 $297 →Information about the industries, countries, and cities they generally invest in.
Get the Sheet for $50Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50Unitree Robotics builds advanced quadruped and humanoid robots for various industrial and consumer applications. Their lineup of AI-powered "robot dogs" has brought sophisticated robotics into research, security, and personal use cases.
DeepSeek creates open-source large language models (LLMs) aimed at advancing artificial intelligence research. Their team offers powerful generative AI tools and developer APIs, making advanced model capabilities accessible to a global community.
Deep Robotics develops and manufactures embodied-AI robots, specializing in quadrupedal, wheeled-legged, and humanoid platforms. Their robotic systems are engineered to navigate and operate within complex, real-world environments.
Ant Group creates the technology infrastructure to provide consumers and small businesses with equal access to financial services. They are the creators of Alipay, one of the world's leading digital payment and open life services platforms.
Second Life develops 3D printing solutions designed specifically for the toy manufacturing industry. Their offerings help toy companies create and produce new products with greater speed and detail.
Astronergy develops and produces high-efficiency solar modules for the global energy market. They manage the entire product lifecycle, from initial research and development to the large-scale manufacturing of their photovoltaic cells.
Blue Wave develops high-performance chips that power the Industrial IoT and Internet of Vehicles sectors. These components are essential for enabling smart connectivity in everything from factory machinery to connected cars.
Qianxun Intelligence develops an application platform for building on top of general large models. Their Lingxi platform provides the tools for developers to create custom AI agents and copilots.
Flower Knows creates cosmetics with elaborate, fantasy-inspired packaging that has gained a significant online following. Their product lines often draw from rococo and fairy-tale aesthetics, offering a unique and artistic alternative in the beauty market.
Yuannang Bio develops therapeutic technologies built upon nanovesicles. Their work focuses on creating new platforms for targeted drug delivery and advanced therapies.
Our top ten picks are just a small slice of the city's growing startup scene. Companies in fields like biotech and AI are attracting billions in funding, while others are building the future of retail and mobility.
Many of these companies are already big names, while some are just getting off the ground. Here are the other startups that make Hangzhou's tech scene so vibrant.
| Startup | Industry | Year Founded | Amount Raised | Last Funding Round |
|---|---|---|---|---|
| Retail | 2003 | CN¥170M | Series B | |
| Mobility | 2014 | CN¥110M | Series B | |
| Retail | 2023 | — | — | |
| Analytics | 2016 | CN¥100M | Series B | |
| AI | 2020 | $391.7M | Series D | |
| Fintech | 2003 | $282.5M | Venture Round | |
| Cloud | 2009 | $1.2B | Series B | |
| Biotech | 2020 | $45.6M | Series B | |
| Manufacturing | 2009 | CN¥1.5B | Series B | |
| Retail | 2004 | — | — | |
| Biotech | 2019 | $137M | Series B | |
| Manufacturing | 2020 | CN¥100M | Series B | |
| Design | 2017 | CN¥100M | Seed | |
| Mobility | 1986 | DKK18B | Debt Financing | |
| Biotech | 2019 | $125.9M | Seed | |
| Media | 2000 | $682M | Series E | |
| Data | 2015 | $266.6M | Series B | |
| AI | 2015 | $64.1M | Series C | |
| Robotics | 2019 | $158.7M | Series C | |
| Retail | 2011 | $234.8M | Series D | |
| Biotech | 2015 | CN¥150M | Series A | |
| Healthcare | 2014 | CN¥13M | Series C | |
| Robotics | 2024 | CN¥200M | Seed | |
| Cloud | 2021 | CN¥290M | Series B | |
| Retail | 2012 | $95.8M | Series C | |
| Biotech | 2018 | $124.8M | Series C | |
| Biotech | 2012 | CN¥1.1B | Series C | |
| Mobility | 2016 | $204.4M | Series B | |
| AI | 2018 | $50.1M | Series C | |
| Biotech | 2017 | $116.3M | Series B | |
| Manufacturing | 2021 | CN¥460M | Series A | |
| Retail | 2001 | CN¥100M | Seed | |
| Biotech | 2017 | $136.3M | Series C | |
| Cloud | 2016 | $194.1M | Series D | |
| Fintech | 2009 | $341.5M | Series D | |
| Biotech | 2018 | $75.6M | Series B | |
| SaaS | 2002 | CN¥1.2B | Series E | |
| Biotech | 2018 | CN¥1.7B | Venture Round | |
| Cloud | 2015 | CN¥740M | Series C | |
| Biotech | 2021 | $72M | Series A | |
| Biotech | 2012 | $66.8M | Series C | |
| Biotech | 2023 | CN¥100M | Seed | |
| Other | 2001 | CN¥1B | Venture Round | |
| Biotech | 2013 | CN¥500M | Series C | |
| Biotech | 2022 | $30M | Series A | |
| Data | 2012 | CN¥1B | Series B | |
| Biotech | 2014 | CN¥300M | Series C | |
| Enterprise | 2005 | $1B | Venture Round | |
| Biotech | 2005 | CN¥300M | Series E | |
| Biotech | 2015 | CN¥705M | Series B | |
| Biotech | 2020 | CN¥390M | Venture Round | |
| Analytics | 2016 | CN¥515M | Series C | |
| Media | 2013 | $137M | Series D | |
| AI | 2016 | CN¥580M | Series C | |
| Marketing | 2021 | $15M | Series A | |
| Biotech | 2015 | $51.3M | Venture Round | |
| Biotech | 2014 | $45.3M | Series A | |
| Enterprise | 2014 | CN¥340M | Series C | |
| Media | 2014 | $100M | Series A | |
| Media | 2016 | CN¥13M | Series A |
