Top Unicorn Startups in Shanghai for 2025

In Shanghai, we rank 35 unicorn startups based on an algorithm that considers factors such as total investment, quarterly employee count, and website traffic. Unicorns in Shanghai are falling behind the performance of their global counterparts.

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Top Unicorn Startups in Shanghai for 2025

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

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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

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Huaquin Telecom Technology specializes in creating and exporting custom-designed smartphones globally. They are a top ODM manufacturer known for their innovative products.

Industry:
Software & Data
Subindustry:
Apps

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Total amount:35

Best Software & Data Startups in Shanghai for 2025

Shanghai startups in the Software & Data industry are overperforming their global industry peers. The top three Software & Data unicorns in Shanghai have raised more than USD 1.37B, an amount that is higher than the global industry average.
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

National Rank (China)

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Huaquin Telecom Technology specializes in creating and exporting custom-designed smartphones globally. They are a top ODM manufacturer known for their innovative products.

Industry:
Software & Data
Subindustry:
Apps

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SB Score:545

QingTing FM is an innovative radio aggregator offering a wide range of internet-based radio stations. Users can access diverse content with a simple click, making it easy to discover new shows and stay up to date on the latest news and entertainment.

Industry:
Software & Data
Subindustry:
Software

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Total amount:10

Most Valuable Unicorns in Shanghai for 2025

The top three most valuable unicorns in Shanghai have raised total funding of more than USD 11.4B. Among the top three funded unicorns, the most popular industry, based on total funding, is Hardware & IoT.
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

National Rank (China)

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SB Score:434

ZongmuTech, China's top supplier of autonomous driving and advanced driving assistant system technologies, offers a seamless process from R&D to mass production. Their products are leading the way in the industry, making driving safer and more efficient.

Industry:
Transportation
Subindustry:
Automotive

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United Imaging Healthcare specializes in cutting-edge medical imaging and radiotherapy equipment. Their innovative technology enhances diagnostic accuracy and treatment outcomes for healthcare providers worldwide.

Industry:
Healthtech
Subindustry:
Health Care

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SB Score:186

TransTech is a user-friendly online platform for bike-sharing. It offers a convenient way for users to access bicycles for short-term use. With a simple interface and easy booking process, TransTech makes it effortless for individuals to rent bikes for their transportation needs.

Industry:
Transportation
Subindustry:
Transportation-Other

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SB Score:641

Hozon Auto specializes in developing and producing new energy vehicles, offering charging solutions, after-sales support, and financial services. Their focus on NEVs ensures a sustainable and efficient transportation solution.

Industry:
Transportation
Subindustry:
Automotive

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SB Score:556

Biren Technology is a cutting-edge company specializing in chip and cloud computing. They are dedicated to creating a state-of-the-art general computing system, offering efficient software and hardware solutions, and delivering integrated intelligent computing services.

Industry:
Hardware & IoT
Subindustry:
Hardware & IoT-Other

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SB Score:531

YITU Technology provides cutting-edge AI solutions for businesses, tackling a range of challenges. Their enterprise AI technology helps companies streamline operations and enhance decision-making processes.

Industry:
Software & Data
Subindustry:
Artificial Intelligence

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SB Score:663

Specializing in new energy vehicles, this company focuses on creating smart cars for the ultimate driving experience. Committed to research and development, manufacturing, and sales, they aim to revolutionize the automotive industry with innovative technology and sustainable solutions.

Industry:
Transportation
Subindustry:
Automotive

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Black Sesame Technologies develops cutting-edge AI solutions for practical imaging challenges, specializing in digital technology. Their innovative solutions address real-world problems with ease and precision.

Industry:
Software & Data
Subindustry:
Artificial Intelligence

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10th

eDaili
SB Score:370

eDaili is a Chinese platform connecting consumers with international financial products. Discover and access overseas services with ease, all in one place.

Industry:
Fintech
Subindustry:
Financial Services

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Total amount:35

Top Hiring Unicorns in Shanghai by Employee Number

The top three hiring unicorns in Shanghai have an average employee size that is larger than to the global average. Among these, the Software & Data industry features the unicorn with the largest workforce.

Huaquin Telecom Technology specializes in creating and exporting custom-designed smartphones globally. They are a top ODM manufacturer known for their innovative products.

Industry:
Software & Data
Subindustry:
Apps

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SB Score:620

Yimidida is a platform connecting users with local couriers for efficient and affordable deliveries. Get your items delivered quickly and securely through our crowd-sourced network. Join Yimidida today for seamless logistics solutions at your fingertips.

Industry:
Transportation
Subindustry:
Logistics

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SB Score:534

Carzone is an online store for car parts, specializing in aftermarket spare parts. Find everything you need to upgrade or repair your vehicle with ease.

Industry:
Ecommerce & Retail
Subindustry:
Marketplaces

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SB Score:487

Yiguo is an online marketplace offering a wide selection of fresh produce. Users can conveniently purchase fruits and vegetables on the platform.

Industry:
Transportation
Subindustry:
Logistics

National Rank (China)

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Total amount:35

Explore the Startup Ecosystem of Shanghai

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Global Rank

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7th

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Quantity Score
Quality ScoreBusiness Score
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109.406
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73.512
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