Top Unicorn Startups in China for 2025

In China, we rank 148 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:910

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:857

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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Global Rank (WorldWide)

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SB Score:783

Klook is the leading travel and leisure e-commerce platform for experiences and services anytime, anywhere. Klook curates the most joyful experiences so that users can satisfy their relentless curiosity for adventure and experiences at home and around the world. With our website and app, users can experience a world of joy, from attractions, tours to local transportation and stays. Founded in 2014, Klook is inspired to enable more moments of joy through over half-million activities in over 1,000 destinations.

Industry:
Social & Leisure
Subindustry:
Communities

City Rank (Hong Kong)

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Regional Rank (East Asia)

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Global Rank (WorldWide)

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Total amount:149

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 20.6B, an amount that is higher than the global industry average.
SB Score:768

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:702

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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Global Rank (WorldWide)

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SB Score:650

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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Global Rank (WorldWide)

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Total amount:49

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:768

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)

0

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Global Rank (WorldWide)

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SB Score:910

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:857

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)

0

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Total amount:149

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:910

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:768

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:720

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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Global Rank (WorldWide)

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SB Score:719

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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Global Rank (WorldWide)

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Total amount:148

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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Top Cities for Startups in China - Ranked by StartupBlink

StartupBlink ranks the startup ecosystems of more than 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
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2024 National Rank CityGlobal Rank
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Total Score

Access subscores for 1000 cities and 100 countries

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Quantity Score
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Quality Score
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Business Score
1st
0
6th
0
109.406
00.00
00.00
00.00
2nd
0
7th
0
73.512
00.00
00.00
00.00
3rd
0
18th
-
2
39.550
00.00
00.00
00.00
4th
0
33rd
+
2
23.303
00.00
00.00
00.00
5th
0
37th
-
1
22.034
00.00
00.00
00.00
6th
0
52nd
-
7
14.739
00.00
00.00
00.00
7th
0
77th
-
8
9.566
00.00
00.00
00.00
8th
0
106th
-
9
7.314
00.00
00.00
00.00
9th
+
1
131st
-
6
5.238
00.00
00.00
00.00
10th
-
1
147th
-
24
4.389
00.00
00.00
00.00
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