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The 15 Unicorns Founded in Hangzhou [Updated 2023]

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Have you ever wondered which private companies in Hangzhou have the highest valuations?

You’re not alone.

There are lots of unicorn companies there, and it can be difficult to keep track of them all.

We've decided to take a deep dive and put together a list containing 15 Hangzhou unicorn startups, from highest to lowest valuation.

The 15 Unicorns in Hangzhou

Accelerators & Incubators List
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2,658 Accelerators & Incubators

Information about the industries, stages and countries they generally invest in.

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Complete Unicorns List
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1,016 Unicorns

Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.

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Complete Unicorns List
Sheet
1,016 Unicorns

Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.

Get the Sheet for $50

1) We Doctor

We Doctor

WeDoctor provides state of the art innovative technologies and platforms for multi-specialty medical practitioners and health institutions for efficient effective electronic health care.

Details of the startup:

  • Valuation: $7.00B (September 2015)
  • Started in: 2010
  • Founders: Liao Jieyuan
  • Industries: Health Care, Hospitality, Internet, Medical
  • Number of employees: 1,000-5,000
  • Funding: $1,786.00M
  • Funding rounds: 9
  • Number of investors: 14

You can find their website here.

2) SouChe Holdings

SouChe Holdings

Souche is the leading second-hand car trading company that provides quality services for all types of cars.

Details of the startup:

  • Valuation: $3.00B (November 2017)
  • Started in: 2012
  • Founders: Junhong Yao
  • Industries: Automotive, FinTech, Internet, Leasing, SaaS
  • Number of employees: 1,000-5,000
  • Funding: $1,282.21M
  • Funding rounds: 7
  • Number of investors: 17

You can find their website here.

3) Kujiale

Kujiale

Kujiale is a web-based interior design platform that offers products and services for consumers to redecorate their home, office or apartment by designing 3D rooms.

Details of the startup:

  • Valuation: $2.00B (October 2019)
  • Started in: 2011
  • Founders: Hang Chen, Xi Zhu, Xiaohuang Huang
  • Industries: Home Decor, Interior Design, Internet, SaaS
  • Number of employees: 100-250
  • Funding: $312.00M
  • Funding rounds: 6
  • Number of investors: 9

You can find their website here.

4) Cao Cao Mobility

Cao Cao Mobility

Caocao Chuxing is a Chinese company that operates the world’s largest mobility platform, offering taxi-hailing, car-sharing, bus-hailing, and bike-sharing services.

Details of the startup:

  • Valuation: $1.60B (January 2018)
  • Started in: 2015
  • Founders: Jinliang Liu
  • Industries: Energy, Mobile Apps, Recreational Vehicles, Ride Sharing, Transportation
  • Number of employees: 500-1,000
  • Funding: $260.35M
  • Funding rounds: 4
  • Number of investors: 9

You can find their website here.

5) JOLLY Information Technology

JOLLY Information Technology

Jollychic is a premier online fashion destination, offering the latest looks straight from the runways for women and men.

Details of the startup:

  • Valuation: $1.50B (May 2018)
  • Started in: 2008
  • Industries: Baby, E-Commerce, Electronics, Fashion, Internet
  • Number of employees: 250-500
  • Funding: $100.12M
  • Funding rounds: 5
  • Number of investors: 10

You can find their website here.

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6) DT Dream

DT Dream

Dt Dream Inc. is a visionary cloud solutions and big data analysis company that is transforming the way businesses make decisions by providing intelligence that harnesses the power of information to improve productivity, efficiency, and profitability.

Details of the startup:

  • Valuation: $1.50B (June 2017)
  • Started in: 2015
  • Founders: Jingchuan Wu, Weiliang Qu
  • Industries: Big Data, Cloud Computing, Cloud Data Services, Software
  • Number of employees: 100-250
  • Funding: $433.61M
  • Funding rounds: 3
  • Number of investors: 5

You can find their website here.

7) Valgen Medtech

Valgen Medtech

Valgen focuses on heart disease treatment technologies and systemic solutions, particularly mitral and tricuspid valve lesions.

Details of the startup:

  • Valuation: $1.43B (May 2021)
  • Started in: 2015
  • Industries: Health Care, Health Diagnostics, Hospital
  • Funding: $188.00M
  • Funding rounds: 1
  • Number of investors: 8

You can find their website here.

8) Tongdun Technology

Tongdun Technology

Tongdun Tech is a comprehensive software company that offers specialized systems for anti-theft and anti-fraud management applications, specializing in protection of physical and digital assets.

Details of the startup:

  • Valuation: $1.32B (April 2019)
  • Started in: 2013
  • Founders: Jackal Ma, Tao Jiang
  • Industries: FinTech, Internet, Network Security, Software
  • Number of employees: 500-1,000
  • Funding: $361.44M
  • Funding rounds: 6
  • Number of investors: 13

You can find their website here.

9) Shulan Health

Shulan Health

Shulan Hospital is a medical facility that offers remote consultation, nutrition, health screening, and rehabilitation services.

Details of the startup:

  • Valuation: $1.24B (March 2021)
  • Started in: 2015
  • Founders: Lanjuan Li, Shusen Zheng
  • Industries: Health Care,Medical ,Rehabilitation
  • Funding: $42.90M
  • Funding rounds: 4
  • Number of investors: 2

You can find their website here.

10) Leap Motor

Leap Motor

Leapmotor is poised to become a leading brand in China’s burgeoning electric vehicle market.

Details of the startup:

  • Valuation: $1.01B (November 2018)
  • Started in: 2015
  • Founders: Fu Liquan, Zhu Jiangming
  • Industries: Automotive, Electric Vehicle, Energy, Manufacturing
  • Number of employees: 500-1,000
  • Funding: $1,761.19M
  • Funding rounds: 4
  • Number of investors: 12

You can find their website here.

11) 1KMXC

1KMXC

1KMXC is a high-tech research and development business dedicated to the creation of artificial intelligence robot solutions.

Details of the startup:

  • Valuation: $1.00B (August 2021)
  • Started in: 2014
  • Founders: Hengzhi Shi
  • Industries: Artificial Intelligence, Machine Learning, Robotics, Service Industry
  • Number of employees: 100-250
  • Funding: $110.00M
  • Funding rounds: 7
  • Number of investors: 7

You can find their website here.

12) BeiBei

BeiBei

Beibei is an e-commerce platform providing a variety of affordable products for parents and caregivers.

Details of the startup:

  • Valuation: $1.00B (January 2015)
  • Started in: 2011
  • Founders: Lianglun Zhang
  • Industries: E-Commerce, Fashion, Shopping
  • Number of employees: 1,000-5,000
  • Funding: $224.40M
  • Funding rounds: 4
  • Number of investors: 7

You can find their website here.

13) Hyperchain

Hyperchain

Hyperion offers a wide range of risk management solutions to businesses and individuals across the globe.

Details of the startup:

  • Valuation: $1.00B (April 2021)
  • Started in: 2016
  • Founders: David Howden
  • Industries: Auto Insurance, Insurance, Retail, Wholesale
  • Number of employees: 1,000-5,000
  • Funding: $249.00M
  • Funding rounds: 4
  • Number of investors: 4

You can find their website here.

14) Wacai

Wacai

Wacai creates mobile applications that provide personal finance software and financial tools. Wacai’s advanced, user-friendly technology delivers real-time updates on market trends that can be used to make smart financial decisions.

Details of the startup:

  • Valuation: $1.00B (July 2018)
  • Started in: 2009
  • Founders: Kevin Quan
  • Industries: Finance, Financial Services, Information Technology, Mobile Apps
  • Number of employees: 1,000-5,000
  • Funding: $368.60M
  • Funding rounds: 7
  • Number of investors: 12

You can find their website here.

15) Dxy.cn

Dxy.cn

DXY is an online community that brings together the world’s top doctors, organizations, and consumers in order to provide innovative ways to improve healthcare.

Details of the startup:

  • Valuation: $1.00B (April 2018)
  • Started in: 2000
  • Founders: Jin Zhang, Tiantian Li
  • Industries: Consumer Software, Health Care, Life Science, Medical, mHealth, Pharmaceutical, Social Media, Software
  • Number of employees: 100-250
  • Funding: $672.00M
  • Funding rounds: 5
  • Number of investors: 6

You can find their website here.

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