The Full List of 19 Unicorn Startups in Hangzhou (2026)
Hangzhou is home to 19 unicorn startups, making it a key technology center in China. The local scene is led by fintech giant Ant Group, which has a valuation of $150B.
Beyond fintech, the city's ecosystem includes companies like automotive platform Souche, valued at $3B.
Below is the full list of 19 Hangzhou unicorn startups at this time.
Top 10 Most Valuable Hangzhou Unicorns
Ant Group operates a massive ecosystem of digital payment and financial technology services for consumers and small businesses. They are the creators of Alipay, one of the world's largest mobile payment platforms.
| Valuation | $150B |
| 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 |
Souche operates a digital transaction and service platform for China's automotive industry, covering both new and used vehicles. Their ecosystem provides SaaS solutions for car dealerships and integrated financial services for consumers.
| Valuation | $3B |
| Year Founded | 2012 |
| Founders | Junhong Yao |
| Funding Amount | $1.2B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series F |
| Top Investors | Primavera Capital Group, Alibaba Group, HSG, Ant Group, Warburg Pincus |
Alibaba Music serves as the music and digital entertainment division for the Alibaba Group. They operate music streaming platforms that connect artists with a vast audience across the company's ecosystem.
| Valuation | $3B |
| Year Founded | 2015 |
| Founders | — |
| Funding Amount | — |
| Company Size | Lean Team (11-50) |
| Last Funding Status | Series A |
| Top Investors | — |
Unitree Robotics develops high-performance quadrupedal robots for research, industry, and personal use. They are best known for their agile robotic dogs, which are engineered to handle complex tasks across various environments.
| Valuation | $2B (Joined June 2025) |
| Year Founded | 2016 |
| Founders | XingXing Wang |
| Funding Amount | $263.6M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series C |
| Top Investors | Shenzhen Capital Group, Matrix Partners China, Meituan, Source Code Capital, HSG |
Dt Dream operates as a cloud computing and big data solutions provider. They equip enterprises with a suite of tools to manage and analyze large datasets in the cloud.
| Valuation | $2B (Joined June 2017) |
| Year Founded | 2015 |
| Founders | Jingchuan Wu |
| Funding Amount | $266.6M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series B |
| Top Investors | Zhejiang State Enterprise Reform and Development Fund, Alibaba Group, ZSVC, Everbright, Yinxinggu Capital |
Kujiale provides a SaaS-enabled platform for the home decoration and interior design industry. Their software allows users to quickly generate photorealistic 3D renderings and virtual tours of interior spaces.
| Valuation | $2.B (Joined October 2019) |
| Year Founded | 2011 |
| Founders | Hang Chen, Hao Zhu, Xiaohuang Huang |
| Funding Amount | $234.8M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | IDG Capital, Hillhouse Investment, Shunwei Capital, Yunqi Partners, Matrix Partners China |
Taobao Movie operates an online ticketing platform for films, first launched by parent company Alibaba. The service is now part of Alibaba Pictures Group and connects users within the vast Taobao e-commerce ecosystem to movie showtimes and tickets.
| Valuation | $2B |
| Year Founded | 2014 |
| Founders | — |
| Funding Amount | CN¥1.7B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series A |
| Top Investors | Huace Film & TV, CDH Investments, SINA Corporation, Ant Group, Bona Film Group |
Chint Anneng Digital Energy provides renewable energy equipment and comprehensive services for rooftop solar installations. They specialize in making photovoltaic systems more accessible for both residential and commercial properties.
| Valuation | $2B |
| Year Founded | 2015 |
| Founders | — |
| Funding Amount | $729.1M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series B |
| Top Investors | Zhejiang Silk Road Fund, Hangzhou Industrial Investment Group, China Southern Power Grid, National Green Development Fund, RCFSI |
Astronergy specializes in the research, development, and production of high-efficiency solar modules. Their technology is used in residential, commercial, and utility-scale solar power projects across the globe.
| Valuation | $1.82B (Joined July 2023) |
| Year Founded | 2006 |
| Founders | — |
| Funding Amount | CN¥3.9B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series C |
| Top Investors | Walden International, Hillhouse Investment, CICC, BOCOM International, China Capital Management |
Chint New Energy develops, builds, and operates clean energy solutions centered around solar power technology. Their integrated approach covers the full project lifecycle, including manufacturing and long-term service for large-scale energy systems.
| Valuation | $1B |
| Year Founded | 2009 |
| Founders | — |
| Funding Amount | CN¥1.5B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series B |
| Top Investors | Zhaoxi Capital, Yunhao Capital, CICC Capital, Hillhouse Investment |
The Remaining 9 Unicorns Founded in Hangzhou
While the biggest names get most of the attention, they are only part of the picture. The city's startup scene is broad, with companies in everything from retail and mobility to AI and crypto.
Some of these companies have been building for years, while others are newer to the scene. Here’s a look at the rest of the unicorns shaping Hangzhou's future.
| Unicorn Startup | Main Industry | Year Founded | Amount Raised | Valuation |
|---|---|---|---|---|
 eSign | SaaS | 2002 | CN¥1.2B | $1B |
 Jollychic | Retail | 2012 | $95.8M | $1B |
 DXY | Media | 2000 | $682M | $1B |
 Panshi | Marketing | 2004 | $655.2M | $1B |
 Hyperchain Technologies | Crypto | 2016 | CN¥1.6B | $1B |
 1KMXC | AI | 2013 | $86.1M | $1B |
 SKIO Matrix | Mobility | 2009 | CN¥1.9B | $1B |
 BeiBei | Retail | 2011 | $224.3M | $1B |
 Chemao | Mobility | 2012 | $198.7M | $1B |
