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The 14 Most Valuable Unicorns in Hangzhou

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The number of successful companies run by founders from Hangzhou and worth more than $1 billion is becoming increasingly hard to ignore.

Particularly when a lot of these companies were only founded within the last 5 years or so.

That’s why we decided to put together this list of 14 companies from Hangzhou that have achieved the Unicorn status.

The 14 Unicorns in Hangzhou

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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:

    $7.00

    B (

    September 2015

    )

  • Country:

    China

  • City:

    Hangzhou

  • Started in:

    2010

  • Founders:

    Liao Jieyuan

  • Industries:

    Health Care, Hospitality, Internet, Medical

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $1,786.00M

  • Number of funding rounds:

    9

  • Number of investors:

    14

here

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:

    $3.00

    B (

    November 2017

    )

  • Country:

    China

  • City:

    Hangzhou

  • Started in:

    2012

  • Founders:

    Junhong Yao

  • Industries:

    Automotive, FinTech, Internet, Leasing, SaaS

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $1,282.21M

  • Number of funding rounds:

    7

  • Number of investors:

    17

here

Cgtz

Cgtz

CGTZ is the world’s first broker that uses risk-based pricing to provide clients with complex investment and loan-related products and services.

Details of the startup:

  • Valuation:

    $2.41

    B (

    February 2017

    )

  • Country:

    China

  • City:

    Hangzhou

  • Started in:

    2014

  • Founders:

    Zhongkao Jin

  • Industries:

    Financial Services, FinTech, Lending, Risk Management

  • Number of employees:

    10-50

  • Funding Amount:

    $116.30M

  • Number of funding rounds:

    4

  • Number of investors:

    4

here

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:

    $2.00

    B (

    October 2019

    )

  • Country:

    China

  • City:

    Hangzhou

  • Started in:

    2011

  • Founders:

    Hang Chen, Xi Zhu, Xiaohuang Huang

  • Industries:

    Home Decor, Interior Design, Internet, SaaS

  • Number of employees:

    100-250

  • Funding Amount:

    $312.00M

  • Number of funding rounds:

    6

  • Number of investors:

    9

here

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:

    $1.60

    B (

    January 2018

    )

  • Country:

    China

  • City:

    Hangzhou

  • Started in:

    2015

  • Founders:

    Jinliang Liu

  • Industries:

    Energy, Mobile Apps, Recreational Vehicles, Ride Sharing, Transportation

  • Number of employees:

    500-1,000

  • Funding Amount:

    $260.35M

  • Number of funding rounds:

    4

  • Number of investors:

    9

here

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:

    $1.50

    B (

    June 2017

    )

  • Country:

    China

  • City:

    Hangzhou

  • Started in:

    2015

  • Founders:

    Jingchuan Wu, Weiliang Qu

  • Industries:

    Big Data, Cloud Computing, Cloud Data Services, Software

  • Number of employees:

    100-250

  • Funding Amount:

    $433.61M

  • Number of funding rounds:

    3

  • Number of investors:

    5

here

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:

    $1.50

    B (

    May 2018

    )

  • Country:

    China

  • City:

    Hangzhou

  • Started in:

    2008

  • Founders:

    No Data

  • Industries:

    Baby, E-Commerce, Electronics, Fashion, Internet

  • Number of employees:

    250-500

  • Funding Amount:

    $100.12M

  • Number of funding rounds:

    5

  • Number of investors:

    10

here

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:

    $1.32

    B (

    April 2019

    )

  • Country:

    China

  • City:

    Hangzhou

  • Started in:

    2013

  • Founders:

    Jackal Ma, Tao Jiang

  • Industries:

    FinTech, Internet, Network Security, Software

  • Number of employees:

    500-1,000

  • Funding Amount:

    $361.44M

  • Number of funding rounds:

    6

  • Number of investors:

    13

here

Leap Motor

Leap Motor

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

Details of the startup:

  • Valuation:

    $1.01

    B (

    November 2018

    )

  • Country:

    China

  • City:

    Hangzhou

  • Started in:

    2015

  • Founders:

    Fu Liquan, Zhu Jiangming

  • Industries:

    Automotive, Electric Vehicle, Energy, Manufacturing

  • Number of employees:

    500-1,000

  • Funding Amount:

    $1,761.19M

  • Number of funding rounds:

    4

  • Number of investors:

    12

here

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:

    $1.00

    B (

    August 2021

    )

  • Country:

    China

  • City:

    Hangzhou

  • Started in:

    2014

  • Founders:

    Hengzhi Shi

  • Industries:

    Artificial Intelligence, Machine Learning, Robotics, Service Industry

  • Number of employees:

    100-250

  • Funding Amount:

    $110.00M

  • Number of funding rounds:

    7

  • Number of investors:

    7

here

BeiBei

BeiBei

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

Details of the startup:

  • Valuation:

    $1.00

    B (

    January 2015

    )

  • Country:

    China

  • City:

    Hangzhou

  • Started in:

    2011

  • Founders:

    Lianglun Zhang

  • Industries:

    E-Commerce, Fashion, Shopping

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $224.40M

  • Number of funding rounds:

    4

  • Number of investors:

    7

here

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:

    $1.00

    B (

    April 2018

    )

  • Country:

    China

  • City:

    Hangzhou

  • 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 Amount:

    $672.00M

  • Number of funding rounds:

    5

  • Number of investors:

    6

here

Hyperchain

Hyperchain

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

Details of the startup:

  • Valuation:

    $1.00

    B (

    April 2021

    )

  • Country:

    China

  • City:

    Hangzhou

  • Started in:

    2016

  • Founders:

    David Howden

  • Industries:

    Auto Insurance, Insurance, Retail, Wholesale

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $249.00M

  • Number of funding rounds:

    4

  • Number of investors:

    4

here

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:

    $1.00

    B (

    July 2018

    )

  • Country:

    China

  • City:

    Hangzhou

  • Started in:

    2009

  • Founders:

    Kevin Quan

  • Industries:

    Finance, Financial Services, Information Technology, Mobile Apps

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $368.60M

  • Number of funding rounds:

    7

  • Number of investors:

    12

here
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