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The 8 Unicorn Startups Founded in Jiangsu

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In terms of entrepreneurship and business, Jiangsu has evolved into one of the top emerging cities in the world.

Hundreds of startup companies have been founded there, many of which are enjoying incredible success.

This has resulted in 8 companies reaching unicorn status (being valued at $1 billion or more).

The 8 Unicorns in Jiangsu

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Huitongda

Huitongda

Huitongda is an integrated logistics service provider with a broad range of solutions enabling Chinese consumers to shop at home for the widest selection of trusted imported brands.

Details of the startup:

  • Valuation:

    $3.18

    B (

    December 2017

    )

  • Country:

    China

  • City:

    Nanjing

  • Started in:

    2010

  • Founders:

    Xiuxian Xu

  • Industries:

    E-Commerce, Logistics, Retail, Supply Chain Management

  • Number of employees:

    10-50

  • Funding Amount:

    $995.03M

  • Number of funding rounds:

    6

  • Number of investors:

    9

here

BYTON

BYTON

BYTON is a global company that designs, develops, and markets smart connected electric vehicles.

Details of the startup:

  • Valuation:

    $2.50

    B (

    April 2018

    )

  • Country:

    China

  • City:

    Nanjing

  • Started in:

    2016

  • Founders:

    Carsten Breitfeld, Daniel Kirchert

  • Industries:

    Automotive, Autonomous Vehicles, Electric Vehicle

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $330.93M

  • Number of funding rounds:

    5

  • Number of investors:

    9

here

Star Charge

Star Charge

Star Charge focuses on developing and manufacturing the new energy vehicle charging equipment.

Details of the startup:

  • Valuation:

    $2.41

    B (

    May 2021

    )

  • Country:

    China

  • City:

    Changzhou

  • Started in:

    2014

  • Founders:

    Shao Danwei

  • Industries:

    Automotive, Electric Vehicle, Electronics

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $125.58M

  • Number of funding rounds:

    2

  • Number of investors:

    6

here

Carzone

Carzone

Carzone is an automotive e-commerce site.

Details of the startup:

  • Valuation:

    $1.52

    B (

    March 2019

    )

  • Country:

    China

  • City:

    Nanjing

  • Started in:

    1995

  • Founders:

    Baoguo Shang

  • Industries:

    Automotive, E-Commerce

  • Number of employees:

    5,000-10,000

  • Funding Amount:

    $946.49M

  • Number of funding rounds:

    6

  • Number of investors:

    11

here

SVOLT

SVOLT

SVOLT (Silicon Valley Organization of Lithium Technologies) is a Silicon Valley-based lithium battery technology company that offers electric vehicle (EV) materials, cells, modules, packs, systems and BMS to drive the EV revolution.

Details of the startup:

  • Valuation:

    $1.16

    B (

    June 2020

    )

  • Country:

    China

  • City:

    Changzhou

  • Started in:

    2018

  • Founders:

    No Data

  • Industries:

    Battery, Electric Vehicle, Energy, Energy Storage, Manufacturing

  • Number of employees:

    5,000-10,000

  • Funding Amount:

    $300.00M

  • Number of funding rounds:

    4

  • Number of investors:

    25

here

China Cloud

China Cloud

Chinac.com is the largest domestic cloud computing infrastructure operator that provides IT solutions and outsourcing services.

Details of the startup:

  • Valuation:

    $1.00

    B (

    June 2018

    )

  • Country:

    China

  • City:

    Wuxi

  • Started in:

    2010

  • Founders:

    Xu Guangbin

  • Industries:

    Cloud Computing, Cloud Data Services, Consulting, Enterprise, Enterprise Software, SaaS, Software, Web Design

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $522.80M

  • Number of funding rounds:

    5

  • Number of investors:

    11

here

Hosjoy

Hosjoy

Hosjoy provides an online platform for home decoration and furnishing services, including cooling and heating system, fresh air system, water purification system, intelligent system, and more.

Details of the startup:

  • Valuation:

    $1.00

    B (

    October 2018

    )

  • Country:

    China

  • City:

    Nanjing

  • Started in:

    2009

  • Founders:

    Yong Tao

  • Industries:

    E-Commerce

  • Number of employees:

    No Data

  • Funding Amount:

    $138.53M

  • Number of funding rounds:

    5

  • Number of investors:

    7

here

Yunxuetang

Yunxuetang

Yunxuetang is a enterprise training platform with ad hoc training courses, flexible learning systems, and professional industry resources.

Details of the startup:

  • Valuation:

    $1.00

    B (

    March 2021

    )

  • Country:

    China

  • City:

    Suzhou

  • Started in:

    2011

  • Founders:

    Jane Ding, Ruize Lu

  • Industries:

    Corporate Training, Professional Services, Software

  • Number of employees:

    500-1,000

  • Funding Amount:

    $397.28M

  • Number of funding rounds:

    8

  • Number of investors:

    12

here
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