Top Unicorns in China for 2024

In China, we rank 159 unicorns 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 Unicorns in China for 2024

SB Score:940

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:840

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:

City Rank (Shanghai)

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Regional Rank (East Asia)

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Global Rank (WorldWide)

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SB Score:790

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)

0

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Global Rank (WorldWide)

0

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Total amount:158

Most Valuable Unicorns in China for 2024

The top three most valuable unicorns in China have raised total funding of more than USD 311KM. Among the top three funded unicorns, the most popular industry, based on total funding, is Software & Data.

SB Score:790

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

Regional Rank (East Asia)

0

View

Global Rank (WorldWide)

0

Browse
SB Score:940

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
SB Score:840

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:

City Rank (Shanghai)

0

View

Regional Rank (East Asia)

0

View

Global Rank (WorldWide)

0

Browse

Total amount:158

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:940

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
SB Score:790

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

Regional Rank (East Asia)

0

View

Global Rank (WorldWide)

0

Browse
SB Score:742

DJI is the global leader in developing and manufacturing innovative drone and camera technology for commercial and recreational use.

Industry:
Hardware & IoT
Subindustry:
Consumer Electronics

City Rank (Shenzhen)

0

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Regional Rank (East Asia)

0

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Global Rank (WorldWide)

0

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SB Score:736

Chain Home provides online-to-offline real estate agency service.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

City Rank (Beijing)

0

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Regional Rank (East Asia)

0

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Global Rank (WorldWide)

0

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Total amount:159

Explore the Startup Ecosystem of China

Population

(China)

1412.2 Million

Regional Rank

(East Asia)

1st

0

Global Rank

(WorldWide)

13th

1

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Best Software & Data Startups in China for 2024

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 5.38B, an amount that is higher than the global industry average.

SB Score:790

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

Regional Rank (East Asia)

0

View

Global Rank (WorldWide)

0

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SB Score:771

Klook is a platform that allows travelers to easily discover and book activities and services in various destinations around the world. With Klook, users can explore and book unique experiences to enhance their travel adventures.

Industry:
Software & Data
Subindustry:
Data Analytics

City Rank (Hong Kong)

0

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Regional Rank (East Asia)

0

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Global Rank (WorldWide)

0

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SB Score:724

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)

0

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Regional Rank (East Asia)

0

View

Global Rank (WorldWide)

0

Browse

Total amount:46

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 RankTotal Score

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Quantity Score
Quality ScoreBusiness Score
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6th
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109.406
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2nd
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7th
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73.512
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