Top Unicorn Startups in China for 2024

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 2024

SB Score:855

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:

City Rank (Shanghai)

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Regional Rank (East Asia)

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SB Score:800

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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SB Score:774

Klook is a platform that allows travelers to easily discover and book activities and services in various destinations around the world. With Klook, users can explore and book unique experiences to enhance their travel adventures.

Industry:
Software & Data
Subindustry:
Data Analytics

City Rank (Hong Kong)

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Total amount:152

Best Software & Data Startups in China for 2024

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:800

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:774

Klook is a platform that allows travelers to easily discover and book activities and services in various destinations around the world. With Klook, users can explore and book unique experiences to enhance their travel adventures.

Industry:
Software & Data
Subindustry:
Data Analytics

City Rank (Hong Kong)

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Regional Rank (East Asia)

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Global Rank (WorldWide)

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SB Score:740

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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Total amount:48

Most Valuable Unicorns in China for 2024

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:800

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:518

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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SB Score:855

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:

City Rank (Shanghai)

0

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Regional Rank (East Asia)

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Global Rank (WorldWide)

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SB Score:705

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:742

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:631

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:96

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

Industry:
Ecommerce & Retail
Subindustry:

City Rank (Beijing)

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SB Score:430

ZongmuTech, China's top supplier of autonomous driving and advanced driving assistant system technologies, offers a seamless process from R&D to mass production. Their products are leading the way in the industry, making driving safer and more efficient.

Industry:
Transportation
Subindustry:
Automotive

City Rank (Shanghai)

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SB Score:649

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

Industry:
Ecommerce & Retail
Subindustry:

City Rank (Hangzhou)

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Regional Rank (East Asia)

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SB Score:715

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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Total amount:152

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 Hardware & IoT industry features the unicorn with the largest workforce.
SB Score:800

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

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Regional Rank (East Asia)

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Global Rank (WorldWide)

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SB Score:748

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)

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Regional Rank (East Asia)

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SB Score:742

Revolutionize the way you find your dream home with our innovative residential real estate platform. Discover properties tailored to your needs and preferences effortlessly. Experience a seamless and personalized search process like never before.

Industry:
Ecommerce & Retail
Subindustry:
Proptech

City Rank (Beijing)

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Regional Rank (East Asia)

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Global Rank (WorldWide)

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SB Score:742

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

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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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2024 National Rank CityGlobal RankTotal Score

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Quantity Score
Quality ScoreBusiness Score
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109.406
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2nd
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7th
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73.512
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