Top Unicorn Startups in China for 2025

In China, we rank 153 unicorn startups based on an algorithm that considers factors such as total investment, quarterly employee count, and website traffic. Unicorns in China are falling behind the performance of their global counterparts.

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Top Unicorn Startups in China for 2025

SB Score:972

SHEIN is a global fast fashion e-commerce platform specializing in women's clothing, with options for men and kids as well. They offer a wide range of trendy apparel, accessories, shoes, and bags for fashion-forward individuals looking for the latest styles at affordable prices.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

City Rank (Shenzhen)

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Regional Rank (East Asia)

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Global Rank (WorldWide)

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SB Score:862

Xiaohongshu (Little Red Book) is a popular social media and e-commerce platform in China that combines lifestyle content with user reviews and shopping. It offers a unique blend of shopping inspiration and community-driven recommendations for users.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

City Rank (Shanghai)

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Regional Rank (East Asia)

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SB Score:803

ByteDance, a Chinese tech company, owns TikTok and other content platforms, leading in social media and digital entertainment innovation.

Industry:
Software & Data
Subindustry:
Artificial Intelligence

City Rank (Beijing)

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Regional Rank (East Asia)

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Global Rank (WorldWide)

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Total amount:154

Best Software & Data Startups in China for 2025

China startups in the Software & Data industry are overperforming their global industry peers. The top three Software & Data unicorns in China have raised more than USD 9.64B, an amount that is higher than the global industry average.
SB Score:803

ByteDance, a Chinese tech company, owns TikTok and other content platforms, leading in social media and digital entertainment innovation.

Industry:
Software & Data
Subindustry:
Artificial Intelligence

City Rank (Beijing)

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Regional Rank (East Asia)

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SB Score:742

Ximalaya FM is a leading Chinese podcast platform valued at $3.5B. Despite intense competition, the company has carved out a successful niche in the industry. Engage with a variety of podcasts and content on this popular platform.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Shanghai)

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Regional Rank (East Asia)

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SB Score:683

Kuaikan Manhua is a platform for comic lovers to read and engage with their favorite comic books. Join a vibrant community of fans and immerse yourself in a world of captivating stories and stunning artwork.

Industry:
Software & Data
Subindustry:
Software

City Rank (Beijing)

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Regional Rank (East Asia)

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Total amount:50

Most Valuable Unicorns in China for 2025

The top three most valuable unicorns in China have raised total funding of more than USD 45.2B. Among the top three funded unicorns, the most popular industry, based on total funding, is Software & Data.
SB Score:803

ByteDance, a Chinese tech company, owns TikTok and other content platforms, leading in social media and digital entertainment innovation.

Industry:
Software & Data
Subindustry:
Artificial Intelligence

City Rank (Beijing)

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Regional Rank (East Asia)

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Global Rank (WorldWide)

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SB Score:972

SHEIN is a global fast fashion e-commerce platform specializing in women's clothing, with options for men and kids as well. They offer a wide range of trendy apparel, accessories, shoes, and bags for fashion-forward individuals looking for the latest styles at affordable prices.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

City Rank (Shenzhen)

0

View

Regional Rank (East Asia)

0

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Global Rank (WorldWide)

0

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SB Score:862

Xiaohongshu (Little Red Book) is a popular social media and e-commerce platform in China that combines lifestyle content with user reviews and shopping. It offers a unique blend of shopping inspiration and community-driven recommendations for users.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

City Rank (Shanghai)

0

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Regional Rank (East Asia)

0

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Global Rank (WorldWide)

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SB Score:687

Formerly known as Yuantiku, this startup provides a user-friendly platform for test preparation. Offering a wide range of study materials and practice exams, it helps students improve their scores and achieve academic success.

Industry:
Edtech
Subindustry:
Edtech

City Rank (Beijing)

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Regional Rank (East Asia)

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SB Score:764

DJI is a pioneering company creating cutting-edge drone and camera technology for a wide range of uses. They lead the industry in developing innovative products for both professional and recreational users worldwide.

Industry:
Hardware & IoT
Subindustry:
Consumer Electronics

City Rank (Shenzhen)

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Regional Rank (East Asia)

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SB Score:556

Xingsheng Youxuan is a vibrant community e-commerce platform where users can discover and shop for unique products. Join us to connect with local sellers, find amazing deals, and support small businesses.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

City Rank (Changsha)

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Regional Rank (East Asia)

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SB Score:60

Terminus Technologies develops cutting-edge AI + IoT solutions, empowering users with innovative technology. Discover a new world of possibilities with our advanced products.

Industry:
Software & Data
Subindustry:
Artificial Intelligence

City Rank (Beijing)

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Regional Rank (East Asia)

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SB Score:434

ZongMu Technology was founded in January 2013. Headquartered in Pudong ZhangJiang high-tech park of Shanghai, ZongMu has RD centers in Beijing and ShenZhen respectively. Through its innovative solution and excellent service to the local market, ZongMu has shipped multiple SurroundView ADAS (Advanced Driving Assistance System) in main stream OEM automotive markets, becoming the leading SurroundView ADAS solution vendor for China domestic market and formed strategic partnership with multiple OEM car makers and their tier1 suppliers.

Industry:
Hardware & IoT
Subindustry:
Hardware

City Rank (Shanghai)

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Regional Rank (East Asia)

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Global Rank (WorldWide)

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SB Score:718

Chehaoduo is a platform connecting individual car sellers and buyers for online trading. Buy and sell cars directly through this user-friendly website.

Industry:
Transportation
Subindustry:
Automotive

City Rank (Beijing)

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Regional Rank (East Asia)

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Global Rank (WorldWide)

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SB Score:648

DXY.cn connects health professionals, physicians, and pharmacies in a vibrant online community. Access resources, network, and stay informed in one convenient platform.

Industry:
Healthtech
Subindustry:
Health Care

City Rank (Hangzhou)

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Regional Rank (East Asia)

0

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Global Rank (WorldWide)

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Total amount:154

Top Hiring Unicorns in China by Employee Number

The top three hiring unicorns in China have an average employee size that is larger than to the global average. Among these, the Ecommerce & Retail industry features the unicorn with the largest workforce.
SB Score:972

SHEIN is a global fast fashion e-commerce platform specializing in women's clothing, with options for men and kids as well. They offer a wide range of trendy apparel, accessories, shoes, and bags for fashion-forward individuals looking for the latest styles at affordable prices.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

City Rank (Shenzhen)

0

View

Regional Rank (East Asia)

0

View

Global Rank (WorldWide)

0

Browse
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SB Score:803

ByteDance, a Chinese tech company, owns TikTok and other content platforms, leading in social media and digital entertainment innovation.

Industry:
Software & Data
Subindustry:
Artificial Intelligence

City Rank (Beijing)

0

View

Regional Rank (East Asia)

0

View

Global Rank (WorldWide)

0

Browse
View full page
SB Score:764

DJI is a pioneering company creating cutting-edge drone and camera technology for a wide range of uses. They lead the industry in developing innovative products for both professional and recreational users worldwide.

Industry:
Hardware & IoT
Subindustry:
Consumer Electronics

City Rank (Shenzhen)

0

View

Regional Rank (East Asia)

0

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Global Rank (WorldWide)

0

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SB Score:764

Chain Home offers a seamless online-to-offline real estate experience. Find your dream home with ease through our platform.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

City Rank (Beijing)

0

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Regional Rank (East Asia)

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Global Rank (WorldWide)

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Total amount:153

Explore the Startup Ecosystem of China

Population

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1412.2 Million

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Regional Rank

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1st

0

Global Rank

(WorldWide)

13th

1

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109.406
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