Shanghai Unicorns

40 Successful Unicorn Companies in Shanghai

Shanghai is home to 40 unicorn companies and you can find them all in this article.

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In terms of entrepreneurship and business, Shanghai 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 40 companies reaching unicorn status and being valued at $1 billion or more.

The 40 Unicorn Companies in Shanghai

AIWAYS

AIWAYS

AIWAYS is a smart car manufacturer based in Shanghai, China that creates beautiful electric vehicles that can be used in any situation.

Details of the startup:

  • Valuation:

    $1.78

    B (

    April 2018

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2017

  • Founders:

    Fu Qiang, Gu Feng

  • Industries:

    Artificial Intelligence, Automotive, Electric Vehicle, Manufacturing

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    CN¥5,200,000,000

  • Number of funding rounds:

    6

  • Number of investors:

    4

here

Alisports

Alisports

Alisports is building a global platform for community sports, where clubs, leagues, federations, and sponsors connect with their communities in new ways.

Details of the startup:

  • Valuation:

    $1.27

    B (

    April 2018

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2015

  • Founders:

    Dazhong Zhang

  • Industries:

    Marketing, Sports

  • Number of employees:

    100-250

  • Funding Amount:

    CN¥1,200,000,000

  • Number of funding rounds:

    1

  • Number of investors:

    2

here

ASR Microelectronics

ASR Microelectronics

ASR Microelectronics designs, develops, and sells globally microelectronic components for communications and computing applications based on a portfolio of technologies for power management, radio frequency , signal conversion, adaptive control, and interfaces.

Details of the startup:

  • Valuation:

    $1.60

    B (

    April 2020

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2015

  • Founders:

    Vincent Tai

  • Industries:

    Electronics, Product Design, Semiconductor, Software

  • Number of employees:

    250-500

  • Funding Amount:

    $333,867,949

  • Number of funding rounds:

    4

  • Number of investors:

    15

here

Banma Network Technologies

Banma Network Technologies

Banma Network Technologies is a next-generation automotive technology company that offers the first standard operating system for cars, the AliOS.

Details of the startup:

  • Valuation:

    $1.00

    B (

    September 2018

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2015

  • Founders:

    Alex Shi

  • Industries:

    Automotive, Autonomous Vehicles, Internet

  • Number of employees:

    250-500

  • Funding Amount:

    $233,000,000

  • Number of funding rounds:

    1

  • Number of investors:

    3

here

Biren Technology

Biren Technology

Biren Technology is an innovative high-tech startup, with expertise in a range of fields that has helped us become the area’s leading developer.

Details of the startup:

  • Valuation:

    $1.09

    B (

    August 2020

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2019

  • Founders:

    No Data

  • Industries:

    Hardware, Information Technology, Internet, Software

  • Number of employees:

    250-500

  • Funding Amount:

    $285,213,771

  • Number of funding rounds:

    3

  • Number of investors:

    28

here

ByteDance

ByteDance

ByteDance is an Internet technology company founded to become the market leader in developing and operating content platforms.

Details of the startup:

  • Valuation:

    $140.00

    B (

    April 2017

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2012

  • Founders:

    Yiming Zhang

  • Industries:

    Artificial Intelligence, Content, Data Mining, Machine Learning

  • Number of employees:

    10,000+

  • Funding Amount:

    $9,405,000,000

  • Number of funding rounds:

    12

  • Number of investors:

    29

here

Changingedu

Changingedu

Changingedu is helping make learning an accessible and affordable experience for students.

Details of the startup:

  • Valuation:

    $1.50

    B (

    October 2017

    )

  • Country:

    China

  • City:

    Xuhui

  • Started in:

    2014

  • Founders:

    Liu Changke

  • Industries:

    E-Learning, EdTech, Education, Mobile

  • Number of employees:

    100-250

  • Funding Amount:

    $188,000,000

  • Number of funding rounds:

    5

  • Number of investors:

    7

here

China UnionPay Merchant Services

China UnionPay Merchant Services

China UnionPay Merchant Services is a professional payment company that provides merchants with the opportunity to accept credit cards and other electronic payments.

Details of the startup:

  • Valuation:

    $2.90

    B (

    October 2019

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2001

  • Founders:

    Lin Tian

  • Industries:

    Banking, Customer Service, Finance, Financial Services, Professional Services

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $318,774,795

  • Number of funding rounds:

    4

  • Number of investors:

    4

here

COSMOplat

COSMOplat

COSMOplat is a cloud platform that provides cost-effective and useful solutions for your industrial automation.

Details of the startup:

  • Valuation:

    $1.00

    B (

    April 2020

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2017

  • Founders:

    No Data

  • Industries:

    Information Technology, Internet, Internet of Things

  • Number of employees:

    10-50

  • Funding Amount:

    CN¥1,150,000,000

  • Number of funding rounds:

    2

  • Number of investors:

    7

here

DeepBlue Technology

DeepBlue Technology

DeepBlue Technology is a leader in image-processing solutions for retail establishments. They create customized solutions that help retailers collect better data and increase their customer base.

Details of the startup:

  • Valuation:

    $1.35

    B (

    April 2018

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2014

  • Founders:

    Haibo Chen

  • Industries:

    Artificial Intelligence, Computer Vision, Information Technology, Machine Learning, Retail Technology

  • Number of employees:

    10-50

  • Funding Amount:

    $94,800,000

  • Number of funding rounds:

    3

  • Number of investors:

    4

here

Dianrong

Dianrong

Dianrong is an online marketplace lending company that makes financing more easily accessible to individuals.

Details of the startup:

  • Valuation:

    $1.00

    B (

    August 2017

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2013

  • Founders:

    Kevin Guo, Soul Htite

  • Industries:

    Finance, Financial Services, FinTech, Internet, Marketplace

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $549,000,000

  • Number of funding rounds:

    8

  • Number of investors:

    21

here

Dingdong Maicai

Dingdong Maicai

Dingdong Maicai is a fresh vegetable e-commerce platform that enables farmers to sell their fresh produce online to consumers.

Details of the startup:

  • Valuation:

    $2.00

    B (

    May 2020

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2014

  • Founders:

    No Data

  • Industries:

    E-Commerce, Food and Beverage, Sales

  • Number of employees:

    50-100

  • Funding Amount:

    $1,330,000,000

  • Number of funding rounds:

    7

  • Number of investors:

    22

here

Dotc United Group

Dotc United Group

DotC United Group helps governments and businesses with digital transformation to thrive in a connected world.

Details of the startup:

  • Valuation:

    $1

    B (

    July 2017

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2009

  • Founders:

    Yi Shi

  • Industries:

    Android, Internet, iOS, Marketing, Mobile Apps, Software

  • Number of employees:

    500-1,000

  • Funding Amount:

    CN¥2,500,000,000

  • Number of funding rounds:

    3

  • Number of investors:

    7

here

eBroker

eBroker

eBroker is a B2B2C global insurance and financial services marketplace that allows Chinese consumers to buy from a global array of products, including private insurance.

Details of the startup:

  • Valuation:

    $1.90

    B (

    February 2019

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2015

  • Founders:

    Max He

  • Industries:

    Financial Services, FinTech, Insurance, Marketplace

  • Number of employees:

    100-250

  • Funding Amount:

    $101,000,000

  • Number of funding rounds:

    4

  • Number of investors:

    4

here

Enflame

Enflame

Enflame is a chip development company focusing on training platforms for deep learning solutions to common AI problems. This will significantly reduce business time and costs.

Details of the startup:

  • Valuation:

    $1.40

    B (

    January 2021

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2018

  • Founders:

    Arthur Zhang, Lidong Zhao

  • Industries:

    Artificial Intelligence, Machine Learning, Semiconductor, Software

  • Number of employees:

    100-250

  • Funding Amount:

    CN¥3,149,500,000

  • Number of funding rounds:

    6

  • Number of investors:

    12

here

ENOVATE Motors

ENOVATE Motors

ENOVATE is a high-end new energy vehicle manufacturer employing modern technology and innovative methods to change the way people travel.

Details of the startup:

  • Valuation:

    $1.85

    B (

    April 2019

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2015

  • Founders:

    No Data

  • Industries:

    Automotive, Energy, Mobile

  • Number of employees:

    500-1,000

  • Funding Amount:

    CN¥2,000,000,000

  • Number of funding rounds:

    1

  • Number of investors:

    No Data

here

Hello TransTech

Hello TransTech

Hello TransTech (formerly HelloBike) is a smart-sharing platform that develops innovative ways to experience travel in different cities.

Details of the startup:

  • Valuation:

    $5.00

    B (

    June 2018

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2016

  • Founders:

    Han Mei, Jiang Wei, Li Kaizhu, Yang Lei

  • Industries:

    Apps, Customer Service, Cycling, Information Technology, Last Mile Transportation, Ride Sharing, Transportation, Travel

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $1,754,944,610

  • Number of funding rounds:

    7

  • Number of investors:

    7

here

Hesai Technology

Hesai Technology

Hesai has designed the first fully-autonomous radar based on laser-microwave technology that accurately detects moving obstacles and recognizes static obstacles with the highest accuracy.

Details of the startup:

  • Valuation:

    $1.05

    B (

    August 2020

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2013

  • Founders:

    Kai Sun, Shaoqing Xiang, Yifan Li

  • Industries:

    Autonomous Vehicles, Laser, Manufacturing, Sensor, Transportation

  • Number of employees:

    500-1,000

  • Funding Amount:

    $231,151,155

  • Number of funding rounds:

    7

  • Number of investors:

    11

here

Huaqin Communication Technology

Huaqin Communication Technology

Huaqin provides wireless network solutions and services for multinational corporations world-wide.

Details of the startup:

  • Valuation:

    $2.19

    B (

    October 2019

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2001

  • Founders:

    Wensheng Qiu

  • Industries:

    Communication Hardware, Mobile Devices, Telecommunications, Wireless

  • Number of employees:

    10,000+

  • Funding Amount:

    CN¥2,020,000,000

  • Number of funding rounds:

    3

  • Number of investors:

    11

here

Hujiang Education Technologies

Hujiang Education Technologies

Hujiang is a professional learning platform that provides users with enjoyable and convenient learning.

Details of the startup:

  • Valuation:

    $1.00

    B (

    October 2015

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2001

  • Founders:

    Cairui Fu

  • Industries:

    EdTech, Education, Internet

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $187,000,000

  • Number of funding rounds:

    5

  • Number of investors:

    4

here

Hupu

Hupu

Hupu provides news and commentary for sports fans. It is the premier destination where sports fanatics can congregate, discuss their favorite teams, and follow their favorite players.

Details of the startup:

  • Valuation:

    $1.10

    B (

    June 2019

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2004

  • Founders:

    Shawn Cheng

  • Industries:

    Media and Entertainment, News, Social Media, Sports

  • Number of employees:

    500-1,000

  • Funding Amount:

    $337,927,040

  • Number of funding rounds:

    5

  • Number of investors:

    5

here

Lianshang Literature

Lianshang Literature

Lianshang Literature is a purely online novel reading platform. Readers are able to read original works without the intrusion of ads or pop-ups.

Details of the startup:

  • Valuation:

    $1

    B (

    December 2018

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2017

  • Founders:

    Jinguo Zhang

  • Industries:

    EBooks

  • Number of employees:

    No Data

  • Funding Amount:

    $20,000,000

  • Number of funding rounds:

    1

  • Number of investors:

    1

here

Manner

Manner

Manner is a specialty coffee chain, committed to exceptional atmosphere, taste, and style while maintaining a sustainable work environment.

Details of the startup:

  • Valuation:

    $1.30

    B (

    December 2020

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2015

  • Founders:

    No Data

  • Industries:

    Coffee, Food and Beverage, Supply Chain Management

  • Number of employees:

    50-100

  • Funding Amount:

    No Data

  • Number of funding rounds:

    2

  • Number of investors:

    3

here

MicroPort Medbot

MicroPort Medbot

MicroPort Medbot is the premier choice for robotic surgery, Intravascular Robotic Surgery, radiology intervention and image-guided intervention.

Details of the startup:

  • Valuation:

    $3.29

    B (

    September 2020

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2014

  • Founders:

    Zhaohua Chang

  • Industries:

    Health Care, Medical, Medical Device, Robotics

  • Number of employees:

    10-50

  • Funding Amount:

    CN¥3,500,000,000

  • Number of funding rounds:

    1

  • Number of investors:

    5

here

Mofang Gongyu

Mofang Gongyu

Mofang Gongyu is a real estate developer and property manager that provides apartment homes to individuals, families, and professionals.

Details of the startup:

  • Valuation:

    $1.50

    B (

    April 2016

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2010

  • Founders:

    Lan Ge

  • Industries:

    Property Management, Real Estate, Rental Property, Sales

  • Number of employees:

    50-100

  • Funding Amount:

    $650,000,000

  • Number of funding rounds:

    4

  • Number of investors:

    4

here

Ouyeel

Ouyeel

Ouyeel Trading Platform is an online platform for Chinese steelmakers to buy and sell their excess production. The platform enables Chinese steelmakers to share products, improve efficiency and reduce costs.

Details of the startup:

  • Valuation:

    $1.45

    B (

    June 2019

    )

  • Country:

    China

  • City:

    Baoshan

  • Started in:

    2016

  • Founders:

    No Data

  • Industries:

    Advanced Materials, Industrial Manufacturing, Trading Platform

  • Number of employees:

    250-500

  • Funding Amount:

    $431,894,100

  • Number of funding rounds:

    2

  • Number of investors:

    9

here

Qianxun Spatial Intelligence

Qianxun Spatial Intelligence

Qianxun Spatial Intelligence has integrated global positioning technologies to deliver precise positioning products and solutions for various applications.

Details of the startup:

  • Valuation:

    $1.83

    B (

    October 2019

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2015

  • Founders:

    No Data

  • Industries:

    Geospatial, GPS, Location Based Services, Navigation

  • Number of employees:

    100-250

  • Funding Amount:

    CN¥1,000,000,000

  • Number of funding rounds:

    1

  • Number of investors:

    7

here

Squirrel AI Learning

Squirrel AI Learning

Squirrel AI Learning builds adaptive educational solutions that drive academic achievement and enhance the learner experience.

Details of the startup:

  • Valuation:

    $1.10

    B (

    April 2019

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2014

  • Founders:

    Derek Li, Jason Wei Zhou, Wei Cui

  • Industries:

    Artificial Intelligence, E-Learning, EdTech, Education, Internet, Machine Learning

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $131,300,000

  • Number of funding rounds:

    4

  • Number of investors:

    10

here

Tuhu

Tuhu

Tuhu is an automotive supplier delivering high value, innovative products and services.

Details of the startup:

  • Valuation:

    $1.16

    B (

    September 2018

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2011

  • Founders:

    Min Chen

  • Industries:

    Automotive, E-Commerce, Service Industry

  • Number of employees:

    500-1,000

  • Funding Amount:

    $874,783,159

  • Number of funding rounds:

    7

  • Number of investors:

    14

here

United Imaging Healthcare

United Imaging Healthcare

United Imaging Healthcare is a manufacturer of medical equipment and treatments for the healthcare industry.

Details of the startup:

  • Valuation:

    $5.00

    B (

    September 2017

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2011

  • Founders:

    Daniel Mou

  • Industries:

    Health Care, Health Diagnostics, Manufacturing, Medical, Medical Device

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    CN¥3,300,000,000

  • Number of funding rounds:

    1

  • Number of investors:

    5

here

WeWork China

WeWork China

WeWork China is a fully integrated, all-in-one workspace provider that unites the work of every aspect of your business.

Details of the startup:

  • Valuation:

    $5

    B (

    July 2018

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2017

  • Founders:

    Adam Neumann, Miguel McKelvey

  • Industries:

    Coworking, Real Estate

  • Number of employees:

    10,000+

  • Funding Amount:

    $1,200,000,000

  • Number of funding rounds:

    3

  • Number of investors:

    14

here

Wifi Skeleton Key

Wifi Skeleton Key

​​​ Shanghai Lian Shang is a leading Internet technology developer and provider. Its vision is to create a value-added online platform for mobile operators and content providers.

Details of the startup:

  • Valuation:

    $1.00

    B (

    January 2015

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2008

  • Founders:

    No Data

  • Industries:

    Internet, Mobile, Wireless

  • Number of employees:

    10-50

  • Funding Amount:

    $52,000,000

  • Number of funding rounds:

    3

  • Number of investors:

    4

here

WM Motor

WM Motor

WM Motor is an all-electric company that designs, builds, and markets super safe zero emissions vehicles.

Details of the startup:

  • Valuation:

    $5.00

    B (

    March 2019

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2015

  • Founders:

    Bin Lu, Hui Shen, Ligang Du

  • Industries:

    Automotive, Autonomous Vehicles, Electric Vehicle, Manufacturing

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $4,859,399,622

  • Number of funding rounds:

    6

  • Number of investors:

    24

here

Xiaohongshu

Xiaohongshu

Xiaohongshu is the latest innovation in social interaction, a way to share your experiences and learn from those around you.

Details of the startup:

  • Valuation:

    $3.00

    B (

    March 2016

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2013

  • Founders:

    Charlwin Mao Wenchao, Miranda Qu

  • Industries:

    E-Commerce, Mobile, Mobile Apps, Shopping

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $417,691,786

  • Number of funding rounds:

    7

  • Number of investors:

    8

here

Ximalaya FM

Ximalaya FM

Ximalaya is a commercial web radio platform. Ximalaya provides royalty-free music, audio books, and podcasts for businesses, organizations, and individuals.

Details of the startup:

  • Valuation:

    $1.52

    B (

    September 2017

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2012

  • Founders:

    Jianjun Yu

  • Industries:

    Audio, Internet Radio, Mobile

  • Number of employees:

    500-1,000

  • Funding Amount:

    $123,117,134

  • Number of funding rounds:

    9

  • Number of investors:

    31

here

Yiguo.com

Yiguo.com

Yiguo.com is a fresh food e-commerce platform offering Asia’s best choices in online grocery shopping.

Details of the startup:

  • Valuation:

    $1.20

    B (

    November 2016

    )

  • Country:

    China

  • City:

    Changning

  • Started in:

    2005

  • Founders:

    Zhang Ye

  • Industries:

    E-Commerce, Grocery, Online Portals, Retail

  • Number of employees:

    5,000-10,000

  • Funding Amount:

    $500,000,000

  • Number of funding rounds:

    3

  • Number of investors:

    3

here

Yimidida

Yimidida

Yimidida is a Chinese pioneer in the crowd-sourced delivery industry which provides high-quality logistics services with an AI algorithm model.

Details of the startup:

  • Valuation:

    $1.17

    B (

    January 2019

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2015

  • Founders:

    Yang Xingyun

  • Industries:

    Cloud Data Services, Logistics, Productivity Tools

  • Number of employees:

    10,000+

  • Funding Amount:

    $543,605,512

  • Number of funding rounds:

    6

  • Number of investors:

    10

here

Yitu Technology

Yitu Technology

YITU Technology Inc. is a technology company that designs, manufactures, and markets products using artificial intelligence and interactive motion technology applications.

Details of the startup:

  • Valuation:

    $2.17

    B (

    March 2018

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2012

  • Founders:

    Lin Chenxi, Zhu Long

  • Industries:

    Apps, Artificial Intelligence, Finance, Health Care, Machine Learning

  • Number of employees:

    500-1,000

  • Funding Amount:

    $411,800,418

  • Number of funding rounds:

    13

  • Number of investors:

    15

here

Youxia Motors

Youxia Motors

Youxia Motors is a niche EV manufacturer that provides high quality production and a wide range of services.

Details of the startup:

  • Valuation:

    $3.35

    B (

    April 2018

    )

  • Country:

    China

  • City:

    Minhang

  • Started in:

    2014

  • Founders:

    Will Lee

  • Industries:

    Automotive, Electric Vehicle, Industrial Design, Manufacturing

  • Number of employees:

    100-250

  • Funding Amount:

    $1,334,520,263

  • Number of funding rounds:

    4

  • Number of investors:

    5

here

Zhangmen

Zhangmen

Zhangmen is a tutoring platform that offers affordable, high-quality, customized courses online.

Details of the startup:

  • Valuation:

    $1.60

    B (

    December 2017

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2010

  • Founders:

    Yi Zhang

  • Industries:

    EdTech, Education, Information Services

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $502,277,273

  • Number of funding rounds:

    6

  • Number of investors:

    8

here
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