Here’s a complete list of unicorn companies founded in Hangzhou, which includes Taobao Movie and ByteDance.
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In terms of entrepreneurship and business, Hangzhou has evolved into one of the top emerging cities in the world.
Hundreds of startup companies have been founded in this Chinese city, many of which are enjoying incredible success.
This has resulted in 16 companies reaching unicorn status and being valued at $1 billion or more.
Ant Financial Services Group is a leading online financial services provider in China, covering consumer finance, wealth management products and more.
Details of the startup:
Valuation:
$200
B (
March 2021
)
Country:
China
City:
Hangzhou
Started in:
2014
Founders:
Lucy Peng
Industries:
Banking, Financial Services, FinTech, Payments
Number of employees:
5,000-10,000
Funding Amount:
$22,000,000,000
Number of funding rounds:
4
Number of investors:
15
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:
$224,300,000
Number of funding rounds:
4
Number of investors:
7
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:
CN¥1,000,000,000
Number of funding rounds:
1
Number of investors:
1
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:
2013
Founders:
Zhongkao Jin
Industries:
Financial Services, FinTech, Lending, Risk Management
Number of employees:
10-50
Funding Amount:
$521,062,625
Number of funding rounds:
4
Number of investors:
4
Chemao is a platform designed to facilitate buying and selling of used cars.
Details of the startup:
Valuation:
$1
B (
September 2015
)
Country:
China
City:
Hangzhou
Started in:
2012
Founders:
Guangyu Han, Wei Huang
Industries:
Automotive, E-Commerce, E-Commerce Platforms, Marketplace, Online Auctions, Sales
Number of employees:
50-100
Funding Amount:
$198,735,094
Number of funding rounds:
2
Number of investors:
1
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
Industries:
Big Data, Cloud Computing, Cloud Data Services, Software
Number of employees:
100-250
Funding Amount:
$266,589,326
Number of funding rounds:
3
Number of investors:
5
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:
$682,000,000
Number of funding rounds:
5
Number of investors:
6
ECARX is a real-time vehicle positioning system that pinpoints the position of your car, and warns you about potential traffic jams.
Details of the startup:
Valuation:
$1.49
B (
October 2020
)
Country:
China
City:
Hangzhou
Started in:
2016
Founders:
No Data
Industries:
Artificial Intelligence, Automotive, Information Services
Number of employees:
1,000-5,000
Funding Amount:
$394,323,889
Number of funding rounds:
3
Number of investors:
5
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:
2012
Founders:
Aaron Li
Industries:
E-Commerce, Fashion, Retail, Sales
Number of employees:
1,000-5,000
Funding Amount:
$95,798,797
Number of funding rounds:
3
Number of investors:
6
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:
$1.00
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:
$234,835,624
Number of funding rounds:
6
Number of investors:
9
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:
$1,067,748,548
Number of funding rounds:
4
Number of investors:
12
Panshi is a digital advertising agency that provides small and mid-sized organizations with affordable online marketing solutions.
Details of the startup:
Valuation:
$1.24
B (
October 2018
)
Country:
China
City:
Hangzhou
Started in:
2004
Founders:
Angel Jin, Dike Hou, Eliane Wu, Harold Zhang, Helen Liu, Hong Wang, Keming Yang, Patrick Chen, Tom Tian, Yue Wu
Industries:
Advertising, Advertising Platforms, Affiliate Marketing
Number of employees:
1,000-5,000
Funding Amount:
$655,181,113
Number of funding rounds:
4
Number of investors:
6
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:
$1,213,400,000
Number of funding rounds:
7
Number of investors:
17
Taobao Movie is a one-stop entertainment platform that enables users to go from searching, viewing, buying to enjoying movies and TV series in just one click.
Details of the startup:
Valuation:
$2.10
B (
May 2016
)
Country:
China
City:
Hangzhou
Started in:
2014
Founders:
Yuan Yuan
Industries:
E-Commerce, Film, Ticketing, Web Browsers
Number of employees:
500-1,000
Funding Amount:
CN¥1,700,000,000
Number of funding rounds:
1
Number of investors:
5
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:
$251,836,983
Number of funding rounds:
6
Number of investors:
13
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:
$341,543,640
Number of funding rounds:
7
Number of investors:
12
