Top Unicorn Startups in East Asia for 2025

In East Asia, we rank 166 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: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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National Rank (China)

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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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National Rank (China)

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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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National Rank (China)

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Global Rank (WorldWide)

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Total amount:167

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 20.6B, an amount that is higher than the global industry average.

1st

Toss
SB Score:773

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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Global Rank (WorldWide)

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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)

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National Rank (China)

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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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National Rank (China)

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Global Rank (WorldWide)

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Total amount:59

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: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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National Rank (China)

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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

National Rank (China)

0

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Global Rank (WorldWide)

0

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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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National Rank (China)

0

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Global Rank (WorldWide)

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Total amount:167

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: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

National Rank (China)

0

View

Global Rank (WorldWide)

0

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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)

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National Rank (China)

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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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National Rank (China)

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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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National Rank (China)

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Global Rank (WorldWide)

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Total amount:166

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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Region: All
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Global RankCountry
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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
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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