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What is a startup "unicorn"? The term unicorn refers to a privately held startup company with a value of over $1 billion. Below is a list of the top startup unicorns in China, updated for 2023.
Xinchao Media aims to combine internet and traditional media in order to create new elevator TV experiences for audiences. Xinchao Media Group Co. is a tech-oriented media enterprise based on internet + conventional media. Using the elevator as the entrance of customer traffic in middle-class communities, XinChao has devoted itself to providing clients with more accurate and affordable community media traffic with smart hardware + software.
Zuoyebang is an online education company that provides study platforms and services targeting K-12 students. The platform is a comprehensive study tool for school work search, efficient practice, learning, and discussion.
ZongMu Technology develops an advanced driver assistance system, including 2D and 3D panoramic vision systems, self-parking solutions, and driving recording systems.
Ziroom is a rental services company that enables users to rent rooms, apartments, and more online.
Zihaiguo is a China-based self-heated individual instant hotpot brand.
Zhubajie is a China-based crowdsourcing platform. Zhubajie has launched platforms for creative services, enterprise outsourcing, logo registration and copyright protection, part-time employment recruitment, and life services.
Zhuan Zhuan is a consumer-to-consumer (C2C) online used goods trading platform where users sell secondhand goods as well as make purchases from other sellers.
Zhaogang is a B2B commerce platform dedicated to steel trading.
Yunxuetang is a Jiangsu-based employee training company that helps businesses, education institutes, and third-party users develop and operate online classes.
YunQuNa is a global logistics service platform that bridges cargo owners with logistics service providers, providing cargo owners with logistics trading and delivery services on a global scale.
Youxia Motors is an integrated smart electric vehicle manufacturer engaged in EV research and development, design, production, sales, and related services. The company launched its first model Youxia X in July 2015.
Yuanfudao provides students with solutions on doing exercises on smart phones and Pads. The platform optimizes the students' experience in doing exercises by introducing an intelligent algorithm and huge data mining technology. Yuanfudao is helpful to improve the efficiency of doing exercises, as it is capable of designing customized exercises for different students.
Yuanqi Senlin is a beverage brand based in China. Starting from the concept of "0 sugar, 0 calories, 0 fat" and other healthy concepts, it has now launched a number of beverage products including sugar-free soda sparkling water, burning tea, milk tea, bodybuilding light tea, energy drinks, yogurt, and so on.
Yixia is a mobile video tech company that has developed Miaopai (ē§ę), a short video app that is embedded in Sina Weibo 4.0 version. Users can shoot up to ten seconds of video, and then edit or add frames to the video before sharing to friends. In addition, Miaopai ensures real-time syncing to Sina Weibo with a delay of less than two seconds. Vitamio, a video broadcasting platform developed by the company, provides video technical supports to mobile apps and individual developers.
YITU Technology works in the Artificial Intelligent (AI) fields such as computer vision, speech recognition, natural language processing, intelligent decision-making and AI chips. Leveraging AI technology, YITU is empowering diverse industries. It provides advanced technologies and products in several sectors including intelligent city, smart finance, intelligent healthcare, smart retail, AI chips and AI pharmaceuticals.
Yipin Shengxian is a fresh food chain supermarket that also provides O2O community fresh produce delivery using its mobile app.
Yimidida is an online less-than-container-load (LCL) logistics platform utilizing crowd sourcing tools.
Yijiupi, founded in 2014, is a B2B online liquor retailer that supplies wines and spirits to convenience stores and offline beverage retailers in Chinese cities.
Yiguo (ęęēé²) is a Chinese online fresh food eCommerce platform.
YH Global is a logistics company that offers integrated supply chain management services, including a global supply chain distribution network; cloud warehouse management solutions; just in time (JIT) and vendor-managed inventories (VMI) solutions; freight forwarding & courier services; import & export services; supply chain finance; and more.
Yaoshibang is an operator of mobile apps that allow patients to order and receive medicine from pharmacies directly, with guaranteed next-day delivery in major cities.
Xingyun Group provides a full-link cross-border commodity integrated service that integrates brand services, imported commodity agency services, supply chain trade financing services, and cross-border logistics services.
XtalPi is a quantum physic-based AI-powered pharma tech company, dedicated to reinventing the industryās approach to drug research and development. XtalPiās technology platform combines in-silico prediction with high throughput wet-lab validation in an iterative cycle that empowers continuous improvement and increases efficiency, accuracy, and reliability which are critical to drug R&D. XtlaPi was founded in 2014 and is based in Shenzhen, China.
Xingsheng Selected, also Xingsheng Youxuan, is a fresh produce chain that operates small stores in neighborhoods. The company operates a group-buying community e-commerce platform under Furong Xingsheng.
Xiaohongshu is an online platform where people can share cross-border purchase information, shopping tips and strategies, helping users to shop smarter overseas. The platform also integrates information for discount, refund, featured items, shopping malls, and more.
Xiaoe Tech is a SaaS tool that enables media companies and content entrepreneurs to provide a better paid user operating experience. The one-stop platform offers content payment forms, user management, community operations, marketing interaction, data analysis, financial management, open platform customization, and more.
Ximalaya FM is a mobile social podcast platform in China.
XiaoZhu is a Beijing-based short-term lodging sharing platform. It provides lodging sharing services in over 130 cities in China.
XForcePlus specializes in the development and application of enterprise SaaS solutions in supply chain information and VAT invoice management.
Xiaobing is an AI chatbot spun off from Microsoft Beijing, Suzhou, and Tokyo. Xiaobing is used in finance, retail, automobile, real estate, textile, and other areas.
WTOIP is an intellectual property (IP) trading and industrial upgrading platform that focuses on the market of IP commercialization and monetization. Apart from the open online platform and the online-to-offline (O2O) service model which establishes WTOIP's distinctive and competitive position, WTOIP has also been building an "IP Business ecosystem" and providing services of business transformation and industrial upgrading to form a sustainable business model. With the integration of online-to-offline resources and professional services, WTOIP and its subsidiary UTC Intellectual Property assist numerous of corporations in upgrading and developing their business by providing various IP services of trademarks, patents, designs, copyrights and domain names, ranging from comprehensive IP planning to IP protection, from IP evaluation to IP trading and financing, so as to jointly accomplish unprecedented business achievements.
Womai specializes in selling imported products from overseas markets directly to Chinese consumers who are paying increasing attention to food safety and quality.
WM Motor is a Chinese electric vehicle manufacturer.
WeRide provides AI technology focused on autonomous vehicles. The company's main technology includes high-precision maps and positioning, automatic vehicle perception, planning and control, simulation, data analysis, hardware, and fleet. WeRide focuses on the strategic cooperation of the iron triangle with car companies and platforms and forms three product matrices: Robotaxi, Mini Robobus, and Robovan. It provides multi-scenario services from online car-hailing, and on-demand buses to intra-city freight, and explores the commercialization of autonomous driving for people. The company was founded in 2017 and is based in Guangzhou, China.
Wenheyou is a chain restaurant brand, dedicated to tapping local folk snacks and combining trend culture.
Weilong is a company focusing on the research and development, production, processing, and marketing of snack food.
Wacai is a Chinese FinTech company that has developed an all-in-one online personal financial management platform that provides users with wealth management services and credit solutions through an extensive portfolio of mobile apps to meet their evolving lifelong personal financial service needs.
We Doctor is a China-based developer of online and mobile healthcare solutions. The company operates Weiyi, a pair of mobile apps for connecting patients and doctors. The company was founded in 2010 and is based in Hangzhou, China.
WeBull offers a stock trading platform and application providing global financial data and financial market transaction services for individual investors.
VIPKid is an online education platform that connects Chinese children to one-on-one video teaching sessions with teachers based in North America, offering a real-time online English immersion learning experience.Lingo Bus is also an offering by VIPkid to teach Chinese to 5-12 year olds.
Valgen Medtech specializes in mitral valve disease treatment and related devices.
United Imaging Healthcare designs, develops, manufactures, and markets medical imaging equipment. The company was founded in 2011 and is based in Shanghai, China.
Unisound has launched a series of voice recognition service middleware and platforms, which have been widely deployed in mobile Internet, smart appliance, wearables, on-car navigation, healthcare, education, and call centers by providing professional voice recognition service to enterprises and consumer users.
UISEE independently developed an intelligent driving system for multi-scenario and high-level autonomous driving, and relying on the top autonomous technology,continue to explore the intelligent travel, autonomous logistics as the core of the business territory. UISEE has commercialized in a number of scenes, such as autonomous logistics, autonomous valet parking, autonomous micro-bus and so on.
UBTECH Robotics is a software house, systems integrator and technology provider. UBTECH not only focuses on the technology research, development and application of AI and robotics, but also provides industry solutions in various fields, such as AI education, smart retail, security in industrial parks/campus.
Tujia.com is an online vacation rental services provider in China targeting middle to high-end Chinese travelers. Tujia manages the properties listed on their website and works with Chinese real estate developers to rent out unsold inventory.
TUNGEE is a SaaS platform that provides artificial intelligence-powered sales forecasts for B2B businesses.
Tuhu is an O2O platform that focuses on tire, oil change, and car maintenance services. Customers can make purchases online through the company's website or mobile app and book car service appointments.
Tubatu.com is a third-party platform for customers, decoration companies, designers and construction material providers. To8to also offers offline construction supervision, and 'ZhuangXiuBao,' a product in the form of escrow funding that protects consumers' rights and ensures quality renovations.
Tongdun Technology is a professional third-party intelligent risk management and decision-making service provider headquartered in Hangzhou, Zhejiang. By integrating artificial intelligence into business scenarios, Tongdun Technology offers solutions in intelligent risk management, intelligent anti-fraud, and intelligent operation to clients from various industries including the financial industry, internet business, logistics, and government bodies.
Tezign cultivates a designer community and develops an automated algorithm that helps companies find design talents.
TERMINUS Technology provides solutions and sustainable operating platforms and systems for smart communities, smart offices, and smart parking lots with its self-developed and patented core smart hardware. Terminus uses smart hardware, cloud services, and mobile channels to create a complete municipal-level mobile IoT ecosystem.
TELD provides charging solutions for electronic vehicles via SaaS platforms and apps.
TalkingData is focused on mobile Internet comprehensive data service. TalkingData has multiple data services product lines, service contents vary from the basic data statistics, to in-depth data analysis and mining, can provide a full range of big data solutions for mobile Internet enterprises.
SVOLT is a China-based company that specializes in the development, manufacturing, and sales of battery materials, batteries, modules, battery systems, BMS energy storage systems, and solar technology.
Star Charge specializes in manufacturing charging equipment for new energy vehicles, serving global clients with charging infrastructures, platforms, users, and data operation.
SouChe Holdings is a C2C platform allowing used-car sellers to dictate their own prices, with revenue generated from commissions charged on individual transactions. Its SaaS products, which include DaFengChe, CheNiu and Chehang168, connect used car dealers to small and large new car dealers in China.
SmartMore is an AI company that focuses on intelligent manufacturing and Ultra HD videos. SmartMore focuses on the efficient combination of scientific research and industry.
SITECH DEV is engaged in the research & development and manufacture of new energy vehicles (NEV).
Shukun Technology develops diagnostic systems by using machine learning and AI technology for hospitals to improve efficiency. The company focuses on cardiovascular diagnosis.
Shulan Health is a large hospital center providing services including rehabilitation, nutrition, health examination, remote-consultation, regional medical imaging, regional clinical test, international medical insurance, and more.
SHEIN is an international B2C fast fashion e-commerce platform. The company mainly focuses on women's wear, but it also offers men's apparel, children's clothes, accessories, shoes, bags, and other fashion items. SHEIN mainly targets Europe, America, Australia, and the Middle East along with other consumer markets.
Royole is a Shenzhen-based rollable display developer. The company creates and manufactures human-machine interface technologies and products such as advanced flexible displays, flexible sensors, and smart devices. It also provides IP licenses, services, and solutions for a variety of industries associated with displays and flexible electronics applications.
ROX Motor is a passenger EV company based in China.
Qingting FM is an online music platform that features more than 3,000 Chinese broadcast stations and offers content including music, news, and stories.
Poizon is a sports equipment reselling and trading platform focusing on sneakers.
Pipa Coding is a provider of children's programming education services, helping children to learn programming through online introductory courses, advanced courses, and small workshops.
Ouyeel is an online steel transaction platform that provides a wide range of services including industry news, transactions, logistics and storage, processing, investment and fundraising, and financial products to steel companies.
Nxin is an agricultural internet platform operator that provides data, e-commerce and financial service for the agricultural industry.
Momenta is building the ābrainā for autonomous vehicles. The company's deep learning-based software in perception, HD Map, and data-driven path planning enables the realization of full autonomy. Momenta pursue a two-leg strategy of autonomous driving for mass-production passenger vehicles (Mpilot) and full autonomy (MSD) for mobility service vehicles. Momenta focuses on partnering with existing automakers to use their vehicles as platforms for its equipment and software and to tap into their stores of data.
Moka focuses on helping companies optimize the recruitment process.
Mofang Living is a long-term apartment rental operator in China.
Mobvoi is known for its Ticwatch smartwatch, which offers voice-activated search and features such as a touch-sensitive strip for scrolling; and Chumen Wenwen, a query application providing information on flights, trains, restaurants, hotels, and navigation for travelers.
Mininglamp Technology is a group in China that provides one-stop artificial intelligence products and service platforms. The company aims to apply AI technology in sectors requiring complicated knowledge and management. It seeks to facilitate smart governments, smart business, advertising evaluation, and new services with core technological capabilities, including big data analysis and the application of big knowledge, knowledge graphs technology and platforms, human-machine collaboration platforms based on multimodal technology, and the ability to build a full-fledged data center.
Miaoshou Doctor, developed by Yuanxin Technology, is a pharmaceutical e-commerce company.
Beijing Huawang Online Commerce is the operator of Mia.com, formerly Miyabaobei, a maternity and baby products flash sales platform.
Meicai is a mobile e-vendor of agricultural products, helping farmers sell vegetables to tens of thousands of small and medium-sized restaurants in China.
MEGVII, an AI company based in China, develops Face++, a computer vision technologies platform that enables applications to read and understand the world better. Face++ allows users to easily add deep learning-based image analysis recognition technologies into applications, with simple APIs and SDKs.
Medlinker is a China-focused mobile platform that allows physicians to social network and communicate with each other. Doctors on the platform can find contacts of each other and discuss treatment measures for specific cases.
Manner is a local coffee chain brand.
Maimai (čč) helps users discover new friends by analyzing their contacts and their Chinese social media postings. The application provides a dynamic shared workplace, contact management, a network of recruitment, workplace gossip anonymous function, helping users to easily manage the workplace and expand their network of contacts.
Mafengwo provides travel information and booking services for independent travelers. To differentiate itself from other travel services, the company focuses on building online communities of travelers who share information, tips and diary entries.
Luoji Siwei is a knowledge-based networking community for China's younger generations. The company interacts with followers through various means including WeChat subscription accounts and talk shows. The company also offers the DeDao learning app.
LinkDoc Technology is an oncology data company based in Beijing, China that provides data, AI assistant systems, patient management, and other services. Through a clinical data fusion system, the company helps hospitals and departments to establish a structured electronic medical record database.
LinkSure Network is a global mobile internet company specializing in free internet access, content, and location-based services. It is the operator of WiFi Master Key, a mobile peer-to-peer Wi-Fi sharing app that enables free, passwordless Internet access.
Lianjia offers an online platform for rental and second-hand real estate transactions.
Leap Motor is a manufacturer of intelligent electric sports cars and auto parts.
Shenzhen Wangzhi Technology operates Lamabang, an online and mobile maternity-focused SNS and eCommerce platform. Lamabang provides maternity-focused information and articles for both expectant and new mothers. Users can consult with the platform's professionals by sending them messages and images, and can also contribute posts and participate in forum discussions. The platform also has its own eCommerce channel which sells products for both mothers and infants. Wangzhi Technology also operates Yunqi Banlv, a healthcare management app which, among other things, allows both expectant and new mothers to record their weight and their baby's height and weight, store photographs, and view videos and other educational content about healthcare for babies. The app also allows users to directly access and make purchases from Lamabang's eCommerce channel.
Kujiale is a Hangzhou-based home decoration and furnishing online information and design platform. The company's online platforms allow users to quickly generate design sketches to decorate and furnish their homes, as well as providing information and networking services on home design.
Kuaikan Manhua is an online platform for original online comic art.
Koudai is a growth stage, lead-generation platform focused on mobile e-commerce. Leveraging its search technology, Koudai plans to become a shopping traffic gateway on the mobile Internet. Its business model centers on matching shopping interest with merchants and charging lead generation or possibly transaction commissions. The company has launched Weidian, a mobile commerce platform which enables vendors to open stores and promote products through social channels.
KnowBox is a Chinese K-12 online education platform for all primary and secondary education, creating an online collaborative space where teachers can assign and correct homework and students can do homework.
KK Group is an O2O e-commerce platform that enables shoppers to purchase items from physical stores anywhere in the world through their mobile phones.
Keep is a financial software credit card and payment service platform that offers a checking account and credit card to get better cashback rewards on card spend, lower domestic and international wire fees, currency conversion at a fair price, and increased credit limits for working capital, enabling businesses to pay and get rewards on the phone without having to visit the bank. It is based in Ottawa, Ontario.
KeenonĀ specializes in developing indoor unmanned driving technology and are mainly used in restaurant, hotel service, real estate, medical distribution, hospitality, express /takeaway delivery and more. Keenon's commercial service robots and intelligent delivery solutions started with a server robot in restaurants and gradually expanded its application to hotels, karaoke lounges, hospitals, and other environments.
Juma Peisong is a Chengdu-based provider of city logistics & distribution services, with service covering 20 cities including Chengdu, Chongqing, Shenzhen, Guangzhou, Shanghai, and Xi'an.
Jusfoun Big Data is the provider of a Global Big Data Exchange that focuses on Chinese government data assets.
Juanpi is an online platform that sells discounted consumer products.
JOLLY Information Technology is an eCommerce solutions provider & online retailer, helping mainstream manufacturers of apparel, outdoor gears, homeware and lighting appliances to maximize revenues, reduce the costs and risks of running an online business, and build their brands internationally. The company also operates JollyChic.com, a platform that helps users find popular garment brands at reasonable prices.