The Fastest-Growing Chinese Unicorns
A company that is not publicly traded but has managed to attain a valuation of $1 billion or more is typically referred to as a unicorn company.
When a startup company achieves a $1 billion valuation without going public, it joins an elite group known as unicorn companies. These uncommon businesses are highly sought after by investors and are regarded as among the most successful in the startup world.
TOTAL UNICORN COMPANIES IN THE WORLD = 1,209+
TOTAL CUMULATIVE VALUATION = $3,842+ billion
TOTAL UNICORN COMPANIES IN CHINA = 169 (as of Jan 2023)
TOTAL CUMULATIVE VALUATION = $717+ billion
| NO. | Company | Valuation ($B) | Industry |
|---|---|---|---|
| 1 | ByteDance | $225 | Artificial intelligence |
| 2 | SHEIN | $100 | E-commerce & direct-to-consumer |
| 3 | Xiaohongshu | $20 | E-commerce & direct-to-consumer |
| 4 | Yuanfudao | $15.5 | Edtech |
| 5 | DJI Innovations | $15 | Hardware |
| 6 | Yuanqi Senlin | $15 | Consumer & retail |
| 7 | Bitmain Technologies | $12 | Hardware |
| 8 | Xingsheng Selected | $12 | E-commerce & direct-to-consumer |
| 9 | ZongMu Technology | $11.4 | Auto & transportation |
| 10 | Chehaoduo | $10 | E-commerce & direct-to-consumer |
| 11 | HEYTEA $9.28 | $9.28 | Other |
| 12 | We Doctor | $7 | Health |
| 13 | Ziroom | $6.51 | E-commerce & direct-to-consumer |
| 14 | SVOLT | $6.51 | Other |
| 15 | Royole Corporation | $6 | Hardware |
| 16 | Easyhome | $5.78 | Consumer & retail |
| 17 | Lianjia | $5.7 | E-commerce & direct-to-consumer |
| 18 | Hello TransTech | $5 | Auto & transportation |
| 19 | Horizon Robotics | $5 | Artificial intelligence |
| 20 | Chipone | $4.7 | Hardware |
| 21 | VIPKid | $4.5 | Edtech |
| 22 | UBTECH Robotics | $4.5 | Hardware |
| 23 | WeRide | $4.5 | Auto & transportation |
| 24 | Miaoshou Doctor | $4.2 | E-commerce & direct-to-consumer |
| 25 | MEGVII | $4.2 | Artificial intelligence |
| 26 | Medlinker | $3 | Health |
| 27 | Abogen | $3 | Health |
| 28 | Youxia Motors | $3 | Auto & transportation |
| 29 | Dadi Cinema | $3 | Other |
| 30 | Yixia | $3 | Mobile & telecommunications |
| 31 | SouChe Holdings | $3 | E-commerce & direct-to-consumer |
| 32 | Zuoyebang | $3 | Edtech |
| 33 | Gokin Solar | $3 | Other |
| 34 | Meicai | $3 | Mobile & telecommunications |
| 35 | Hozon Auto | $4.2 | Auto & transportation |
| 36 | Xinchao Media | $2.5 | Internet software & services |
| 37 | BYTON | $2.5 | Auto & transportation |
| 38 | Cgtz | $2.5 | Fintech |
| 39 | Star Charge | $2.2 | Auto & transportation |
| 40 | Biren Technology | $2.2 | Hardware |
| 41 | G7 Networks | $2.2 | Supply chain, logistics, & delivery |
| 42 | Huaqin Telecom Technology | $2.2 | Mobile & telecommunications |
| 43 | YITU Technology | $2 | Artificial intelligence |
| 44 | Tubatu.com | $2 | E-commerce & direct-to-consumer |
| 45 | HuiMin | $2 | E-commerce & direct-to-consumer |
| 46 | 4Paradigm | $2 | Artificial intelligence |
| 47 | Mafengwo | $2 | Industry |
| 48 | Kujiale | $2 | Internet software & services |
| 49 | Keep | $2 | Internet software & services |
| 50 | Xingyun Group | $2 | E-commerce & direct-to-consumer |
| 51 | Guoquan Shihui | $2 | Consumer & retail |
| 52 | Beisen | $2 | Internet software & services |
| 53 | XtalPi | $2 | Artificial intelligence |
| 54 | Black Sesame Technologies | $2 | Artificial intelligence |
| 55 | ROX Motor | $2 | Auto & transportation |
| 56 | Geek+ | $2 | Hardware |
| 57 | eDaili | $1.8 | E-commerce & direct-to-consumer |
| 58 | ENOVATE | $1.8 | Auto & transportation |
| 59 | AIWAYS | $1.6 | Auto & transportation |
| 60 | Apus Group | $1.6 | Mobile & telecommunications |
| 60 | Jusfoun Big Data | $1.6 | Industry |
| 61 | Zhubajie | $1.58 | Internet software & services |
| 62 | Cao Cao Mobility | $1.58 | Auto & transportation |
| 63 | GalaxySpace | $1.58 | Mobile & telecommunications |
| 64 | Fresh Life Style Supply Chain Management | $1.58 | Supply chain, logistics, & delivery |
| 65 | Baiwang | $1.58 | Fintech |
| 66 | Iluvatar CoreX | $1.58 | Hardware |
| 67 | Wenheyou | $1.58 | Other |
| 68 | Ximalaya FM | $1.55 | Mobile & telecommunications |
| 69 | Carzone | $1.55 | E-commerce & direct-to-consumer |
| 70 | TuJia | $1.55 | Industry |
| 71 | Mofang Living | $1.55 | E-commerce & direct-to-consumer |
| 72 | DT Dream | $1.55 | Industry |
| 73 | Changingedu | $1.55 | Edtech |
| 74 | XiaoZhu | $1.52 | Industry |
| 75 | JOLLY Information Technology | $1.52 | E-commerce & direct-to-consumer |
| 76 | Yijiupi | $1.52 | Consumer & retail |
| 77 | YunQuNa | $1.48 | Supply chain, logistics, & delivery |
| 78 | Yipin Shengxian | $1.48 | E-commerce & direct-to-consumer |
| 79 | Bordrin Motors | $1.46 | Auto & transportation |
| 80 | Shukun Technology | $1.44 | Industry |
| 81 | Huasun | $1.44 | Other |
| 82 | Coocaa | $1.44 | Hardware |
| 83 | Juma Peisong | $1.44 | Supply chain, logistics, & delivery |
| 84 | Ouyeel | $1.4 | Internet software & services |
| 85 | Valgen Medtech | $1.4 | Health |
| 86 | Koudai | $1.4 | E-commerce & direct-to-consumer |
| 87 | Yidian Zixun | $1.35 | Mobile & telecommunications |
| 88 | Hive Box | $1.35 | Supply chain, logistics, & delivery |
| 89 | DeepBlue Technology | $1.35 | Artificial intelligence |
| 90 | Yaoshibang | $1.32 | Health |
| 91 | Jaguar Microsystems | $1.32 | Hardware |
| 92 | Tongdun Technology | $1.32 | Industry |
| 93 | Unisound | $1.32 | Artificial intelligence |
| 94 | Manner | $1.32 | Other |
| 95 | TalkingData | $1.32 | Mobile & telecommunications |
| 96 | TUNGEE | $1.32 | Industry |
| 97 | Huisuanzhang | $1.3 | Fintech |
| 98 | WTOIP | $1.3 | Internet software & services |
| 99 | Greater Bay Technology | $1.3 | Hardware |
| 100 | JMGO | $1.3 | Hardware |
| 101 | Kuaikan Manhua | $1.3 | Internet software & services |
| 102 | Enflame | $1.3 | Hardware |
| 103 | Shulan Health | $1.2 | Health |
| 104 | Yiguo | $1.2 | Supply chain, logistics, & delivery |
| 105 | Pipa Coding | $1.2 | Edtech |
| 106 | Aibee | $1.2 | Artificial intelligence |
| 107 | SmartMore | $1.2 | 6666666666666666666666 |
| 108 | Mininglamp Technology | $1.2 | Artificial intelligence |
| 109 | Luoji Siwei | $1.2 | Edtech |
| 110 | Yimidida | $1.17 | Supply chain, logistics, & delivery |
| 111 | Tuhu | $1.16 | Auto & transportation |
| 112 | TELD | $1.12 | Fintech |
| 113 | Juanpi | $1.1 | E-commerce & direct-to-consumer |
| 114 | Qingting FM | $1.1 | Internet software & services |
| 115 | Nxin | $1.08 | Internet software & services |
| 116 | UISEE Technology | $1.08 | Supply chain, logistics, & delivery |
| 117 | 56PINGTAI | $1.08 | Supply chain, logistics, & delivery |
| 118 | Jiuxian | $1.05 | E-commerce & direct-to-consumer |
| 119 | B&C Chemical | $1.02 | Other |
| 120 | Leap Motor | $1.01 | Auto & transportation |
| 121 | LinkSure Network | $1 | Mobile & telecommunications |
| 122 | BeiBei | $1 | E-commerce & direct-to-consumer |
| 123 | Lamabang | $1 | E-commerce & direct-to-consumer |
| 124 | JimuBox | $1 | Fintech |
| 125 | FXiaoKe | $1 | Mobile & telecommunications |
| 126 | Mia.com | $1 | E-commerce & direct-to-consumer |
| 127 | 58 Daojia | $1 | Internet software & services |
| 128 | Womai | $1 | E-commerce & direct-to-consumer |
| 129 | HuJiang | $1 | Edtech |
| 130 | iTutorGroup | $1 | Edtech |
| 131 | iCarbonX | $1 | Artificial intelligence |
| 132 | Mobvoi | $1 | Consumer & retail |
| 133 | Zhuan Zhuan | $1 | E-commerce & direct-to-consumer |
| 134 | Zhaogang | $1 | E-commerce & direct-to-consumer |
| 135 | DianRong | $1 | E-commerce & direct-to-consumer |
| 136 | YH Global | $1 | Supply chain, logistics, & delivery |
| 137 | Maimai | $1 | Mobile & telecommunications |
| 138 | Dxy.cn | $1 | Health |
| 139 | Huike Group | $1 | Edtech |
| 140 | China Cloud | $1 | Hardware |
| 141 | LinkDoc Technology | $1 | Health |
| 142 | Wacai | $1 | Mobile & telecommunications |
| 143 | FlashEx | $1 | Supply chain, logistics, & delivery |
| 144 | Banma Network Technologies | $1 | Auto & transportation |
| 145 | Momenta $1 | $1 | Artificial intelligence |
| 146 | Hosjoy $1 | $1 | E-commerce & direct-to-consumer |
| 147 | TERMINUS Technology | $1 | Hardware |
| 148 | Intellifusion | $1 | Artificial intelligence |
| 149 | Poizon | $1 | Mobile & telecommunications |
| 150 | SITECH DEV | $1 | Other |
| 151 | KnowBox | $1 | Edtech |
| 152 | KK Group | $1 | E-commerce & direct-to-consumer |
| 153 | WeBull | $1 | Fintech |
| 154 | Yunxuetang | $1 | Edtech |
| 155 | Hyperchain | $1 | Fintech |
| 156 | Fiture $1 4/14/2021 China Chengdu Health | $1 | Health |
| 157 | XForcePlus | $1 | Internet software & services |
| 158 | Zihaiguo | $1 | Consumer & retail |
| 159 | EcoFlow | $1 | Hardware |
| 160 | Xiaoe Tech | $1 | Internet software & services |
| 161 | Xiaoice | $1 | Fintech |
| 162 | dMed Biopharmaceutical | $1 | Health |
| 163 | 1KMXC | $1 | Hardware |
| 164 | Keenon Robotics | $1 | Supply chain, logistics, & delivery |
| 165 | HAYDON | $1 | Consumer & retail |
| 166 | Moka | $1 | Internet software & services |
| 167 | Tezign | $1 | Internet software & services |
| 168 | Gaussian Robotics | $1 | Hardware |
| 169 | Haomo.AI | $1 | Artificial intelligence |