Top Unicorn Startups in East Asia for 2025

In East Asia, we rank 171 unicorn startups based on an algorithm that considers factors such as total investment, quarterly employee count, and website traffic. Unicorns in East Asia are falling behind the performance of their global counterparts.

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Top Unicorn Startups in East Asia 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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National Rank (China)

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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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SB Score:803

Discover a captivating online fashion platform offering a one-stop destination for all your style needs. Immerse yourself in the world of fashion with curated collections, trend reports, and shopping guides. Explore, shop, and stay on top of the latest trends effortlessly.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

City Rank (Seoul)

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National Rank (South Korea)

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Global Rank (WorldWide)

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Total amount:172

Best Software & Data Startups in East Asia for 2025

East Asia startups in the Software & Data industry are overperforming their global industry peers. The top three Software & Data unicorns in East Asia 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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National Rank (China)

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2nd

Toss
SB Score:787

Toss is a South Korea-based mobile financial service platform operated by fintech startup Viva Republica. Its application offers peer-to-peer money transfers, manages credit scores and bank accounts, access loan and insurance plans, split bill options, QR payment and other similar services that enable users to manage their finance. Toss was established in 2011 by Seunggun Lee in Seoul, Seoul-t'ukpyolsi.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Seoul)

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National Rank (South Korea)

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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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National Rank (China)

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Total amount:60

Most Valuable Unicorns in East Asia for 2025

The top three most valuable unicorns in East Asia have raised total funding of more than USD 54.3B. 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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National Rank (China)

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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)

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National Rank (China)

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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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National Rank (China)

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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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National Rank (China)

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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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National Rank (China)

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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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National Rank (China)

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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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National Rank (China)

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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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National Rank (China)

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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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National Rank (China)

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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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National Rank (China)

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Global Rank (WorldWide)

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Total amount:172

Top Hiring Unicorns in East Asia by Employee Number

The top three hiring unicorns in East Asia 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

National Rank (China)

0

View

Global Rank (WorldWide)

0

Browse
View full page
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

National Rank (China)

0

View

Global Rank (WorldWide)

0

Browse
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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)

0

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National Rank (China)

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)

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National Rank (China)

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Global Rank (WorldWide)

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Total amount:171

Best Countries for Startups
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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Global RankCountryTotal Score

Access subscores for 1000 cities and 100 countries

Quantity Score
Quality ScoreBusiness Score
1st
0
United States
215.001
00.00
00.00
00.00
2nd
0
United Kingdom
55.995
00.00
00.00
00.00
3rd
0
Israel
51.557
00.00
00.00
00.00
4th
0
Canada
38.254
00.00
00.00
00.00
5th
+
1
Singapore
37.736
00.00
00.00
00.00
6th
-
1
Sweden
27.024
00.00
00.00
00.00
7th
0
Germany
25.830
00.00
00.00
00.00
8th
0
France
24.894
00.00
00.00
00.00
9th
+
1
The Netherlands
24.462
00.00
00.00
00.00
10th
+
1
Switzerland
24.081
00.00
00.00
00.00
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