This free sheet contains 100 accelerators and incubators you can apply to today, along with information about the industries they generally invest in.
This free sheet contains all the information about the top 100 unicorns, including their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
This free Notion document contains the best 100+ resources you need for building a successful startup, divided in 4 categories: Fundraising, People, Product, and Growth.
China's startup landscape includes 279 unicorns, with companies operating across various sectors. The social media platform ByteDance leads the group with a valuation of $300 billion.
The field is not just defined by established names, as new entrants quickly gain high valuations. For instance, auto parts firm Yinwang Smart Technology was founded in 2024 and has reached a $16 billion valuation.
Below is the full list of 279 China unicorn startups at this time.
Everything you need to raise funding for your startup, including 3,500+ investors, 7 tools, 18 templates and 3 learning resources.
Buy It For $97 $297 →Information about the industries, countries, and cities they generally invest in.
Get the Sheet for $50Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50ByteDance develops a range of content platforms that enable creation and discovery for a global audience. Its portfolio includes TikTok, the immensely popular short-form video application known for its powerful recommendation engine.
Ant Group develops digital payment and financial technology services to give consumers and small businesses greater access to the economy. They are the creators of Alipay, one of the world's largest mobile payment platforms.
As Alibaba's local life services arm, the company operates two of China's major on-demand platforms: the food delivery giant Ele.me and the restaurant guide Koubei. They connect millions of consumers to local merchants, creating a digital ecosystem for everything from meal delivery to in-store payments.
Yangtze Memory Technologies manufactures semiconductor products, specializing in 3D NAND flash memory chips. Their technology provides the high-performance storage that powers devices ranging from smartphones to enterprise data centers.
Envision Group creates renewable energy solutions, from smart wind turbines to digital platforms for managing energy systems. Their technology helps partners around the world accelerate the transition to a net-zero future.
ChangXin Memory Technologies designs and manufactures dynamic random-access memory (DRAM) semiconductor products. They are a major producer within China's domestic chip industry, supplying memory solutions for a wide range of electronics.
JD Digits develops digital technology to connect financial services with physical industries like retail and transportation. They offer a range of solutions built on AI, big data, and cloud computing to help businesses and government agencies achieve digital transformation.
Xiaohongshu operates a social platform that blends e-commerce with user-generated content like product reviews and lifestyle posts. It's a popular destination for discovering and purchasing goods based on authentic recommendations from its community.
Yuanfudao provides live courses and tutoring through its comprehensive online learning platform. They use AI to power their EdTech services, offering personalized support and interactive course content for students.
Yinwang Smart Technology develops intelligent components and systems for the automotive sector. They focus on integrating artificial intelligence into auto parts to enhance vehicle performance and create smarter driving experiences.
The ten most valuable unicorns are only a small piece of a much bigger picture. Hundreds of other companies are also making waves, some scaling quickly and others just getting started. You'll see a lot of them working in AI, mobility, and advanced manufacturing, backed by serious investment. Below is a look at the rest of the companies that make China's startup scene one to watch.
| Unicorn Startup | Main Industry | Year Founded | Amount Raised | Valuation |
|---|---|---|---|---|
| Hardware | 2013 | $764.7M | $15B | |
| Food | 2016 | $721.3M | $15B | |
| Mobility | 2017 | CN¥18.3B | $14B | |
| Retail | 2018 | $5.2B | $12B | |
| Media | 2014 | $2.9B | $10B | |
| Mobility | 2015 | $3.8B | $10B | |
| Food | 2012 | $595.1M | $9.28B | |
| Data | 2005 | $1.2B | $9B | |
| Mobility | 2006 | $107.8M | $8B | |
| Hardware | 2007 | CN¥12B | $8B | |
| Media | 2014 | CN¥4.5B | $8B | |
| Healthcare | 2010 | $1.5B | $7B | |
| AgTech | 2014 | $1.5B | $7B | |
| Real Estate | 2011 | $2.1B | $7B | |
| Hardware | 2018 | CN¥20.8B | $6.51B | |
| Media | 2016 | $2B | $6B | |
| Hardware | 2017 | CN¥22B | $6B | |
| Manufacturing | 2021 | CN¥14.6B | $6B | |
| Other | 2010 | CN¥10B | $6B | |
| Real Estate | 2001 | CN¥9.5B | $6B | |
| Healthcare | 2011 | CN¥3.3B | $5B | |
| Hardware | 2012 | $1.1B | $5B | |
| Hardware | 2008 | CN¥6.5B | $5B | |
| Mobility | 2020 | $1.5B | $5B | |
| Fintech | 2014 | CN¥1.2B | $5B | |
| Education | 2013 | $1.1B | $5B | |
| Hardware | 2014 | CN¥16.1B | $5B | |
| Real Estate | 2017 | $1.2B | $5B | |
| Food | 2015 | — | $5B | |
| Media | 2016 | — | $5B | |
| Healthcare | 2015 | $946.5M | $4.25B | |
| Manufacturing | 2019 | CN¥6.5B | $4B | |
| Mobility | 2014 | CN¥26.4B | $4B | |
| Mobility | 2019 | CN¥5B | $4B | |
| AI | 2011 | $1.4B | $4B | |
| Mobility | 2020 | CN¥12.4B | $4B | |
| Mobility | 2015 | CN¥7.8B | $4B | |
| Retail | 2020 | CN¥6B | $4B | |
| Healthcare | 2014 | $762.3M | $4B | |
| Fashion | 2013 | $37M | $4B | |
| AI | 2023 | $1.6B | $3.3B | |
| AI | 2019 | $1.2B | $3B | |
| Mobility | 2018 | $2.3B | $3B | |
| Media | 2014 | $612.1M | $3B | |
| Security | 2014 | CN¥7.5B | $3B | |
| AI | 2023 | $740M | $3B | |
| Fintech | 2015 | $4.8B | $3B | |
| Infrastructure | 2004 | $1.7B | $3B | |
| Sports | 2014 | $2.2B | $3B | |
| AI | 2015 | CN¥5.8B | $3B | |
| Mobility | 2016 | $1.2B | $3B | |
| Biotech | 2009 | $500M | $3B | |
| Retail | 2015 | $1.1B | $3B | |
| Energy | 2014 | CN¥847M | $3B | |
| Mobility | 2022 | CN¥1.1B | $3B | |
| Hardware | 2014 | CN¥2.4B | $3B | |
| Media | 2011 | $775M | $3B | |
| Retail | 2013 | CN¥4.5B | $3B | |
| AI | 2017 | CN¥2B | $3B | |
| Manufacturing | 2019 | CN¥5.1B | $3B | |
| Manufacturing | 2014 | CN¥3.2B | $3B | |
| Fintech | 2002 | $318.8M | $3B | |
| Mobility | 2012 | $1.2B | $3B | |
| Logistics | 2020 | $1.5B | $3B | |
| Enterprise | 1990 | $600M | $3B | |
| Retail | 2007 | $522M | $3B | |
| Media | 2015 | — | $3B | |
| Real Estate | 2014 | CN¥6B | $3B | |
| Energy | 2019 | CN¥4.1B | $2.88B | |
| AI | 2019 | $785.2M | $2.32B | |
| Media | 2012 | $401M | $2.17B | |
| Manufacturing | 2016 | $263.6M | $2B | |
| AI | 2021 | $500M | $2B | |
| Automation | 2016 | $285M | $2B | |
| AI | 2018 | CN¥5.1B | $2B | |
| Logistics | 2010 | $710M | $2B | |
| Hardware | 2018 | CN¥3.5B | $2B | |
| Hardware | 2016 | CN¥2.1B | $2B | |
| Mobility | 2015 | CN¥4.2B | $2B | |
| Infrastructure | 2020 | CN¥3B | $2B | |
| Healthcare | 2017 | $308M | $2B | |
| Infrastructure | 2010 | $503M | $2B | |
| Analytics | 2015 | CN¥2B | $2B | |
| AI | 2017 | CN¥5.2B | $2B | |
| Media | 2011 | $755M | $2B | |
| Data | 2015 | $266.6M | $2B | |
| Enterprise | 2015 | $949.5M | $2B | |
| Retail | 2011 | $234.8M | $2.B | |
| Food | 2011 | $452.9M | $2B | |
| Mobility | 2021 | $1.4B | $2B | |
| Hardware | 2022 | CN¥15B | $2B | |
| Mobility | 2021 | $435M | $2B | |
| Enterprise | 2017 | $530M | $2B | |
| Enterprise | 2002 | $388M | $2.B | |
| Manufacturing | 2014 | $1.6B | $2B | |
| Retail | 2016 | $656M | $2B | |
| Hardware | 2011 | CN¥1.8B | $2B | |
| Retail | 2020 | $500M | $2B | |
| Manufacturing | 2013 | CN¥1.7B | $2B | |
| Mobility | 2008 | $432M | $2B |
