In Hangzhou, many creative startups are changing different industries. This list shares the top 16 unicorns in Hangzhou, each worth more than $1 billion. These leading companies are changing areas like, fintech, e-commerce, AI, etc, making Hangzhou a center of innovation. Learn about the amazing companies that call Hangzhou home.
List of Top 16 Unicorns in Hangzhou
1. We Doctor
A Chinese healthcare technology company that provides online medical consultations, appointment bookings, and other services.
Company Details:
- Country: China
- Valuation: $7B
- Industry: Health
- Founded Year: 2010
- Total Funding Raised: $1.786B
- Joined Unicorn Club: 9/22/2015
- Key Investors: Tencent, Morningside Group
- Total Investors: 16
- Total Funding Deals: 3
- Website: https://www.guahao.com/
2. SouChe Holdings
A Chinese online car trading platform that provides car trading solutions and services for individuals.
Company Details:
- Country: China
- Valuation: $3B
- Industry: E-commerce & direct-to-consumer
- Founded Year: 2012
- Total Funding Raised: $1.282B
- Joined Unicorn Club: 11/1/2017
- Key Investors: Morningside Ventures, Warburg Pincus, CreditEase Fintech Investment Fund
- Total Investors: 22
- Total Funding Deals: 2
- Website: https://www.soucheyun.com/
3. Cgtz
A Chinese high-tech enterprise that provides technology solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $2.41B
- Industry: Fintech
- Founded Year: 2014
- Total Funding Raised: $535.86M
- Joined Unicorn Club: 2/21/2017
- Key Investors: Shunwei Capital Partners, China Media Group, Guangzhou Huiyin Aofeng Equity Investment Fund
- Total Investors: 4
- Total Funding Deals: 1
- Website: http://www.cgtz.com/
4. Kujiale
A Chinese interior design software company that provides interior design software solutions and services for individuals and businesses.
Company Details:
- Country: China
- Valuation: $2B
- Industry: Internet software & services
- Founded Year: 2011
- Total Funding Raised: $312M
- Joined Unicorn Club: 10/25/2019
- Key Investors: GGV Capital, IDG Capital, Linear Venture
- Total Investors: 15
- Total Funding Deals: 5
- Website: https://www.kujiale.com/
5. Cao Cao Mobility
A Chinese ride-hailing company that provides ride-hailing solutions and services for individuals.
Company Details:
- Country: China
- Valuation: $1.60B
- Industry: Auto & transportation
- Founded Year: 2015
- Total Funding Raised: $968.86M
- Joined Unicorn Club: 1/17/2018
- Key Investors: People Electrical Appliance Group China, Zhongrong International Trust
- Total Investors: 5
- Total Funding Deals: 1
- Website: https://www.caocaomobility.com/
6. JOLLY Information Technology
A Chinese financial technology company that provides fintech solutions and services for individuals and businesses.
Company Details:
- Country: China
- Valuation: $1.50B
- Industry: E-commerce & direct-to-consumer
- Founded Year: 2008
- Total Funding Raised: $100.12M
- Joined Unicorn Club: 5/29/2018
- Key Investors: Legend Capital, CDH Investments, Sequoia Capital China
- Total Investors: 10
- Total Funding Deals: 1
- Website: https://www.jollycorp.com/
7. DT Dream
A Chinese virtual reality and augmented reality company that provides VR and AR solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $1.50B
- Industry: Data management & analytics
- Founded Year: 2015
- Total Funding Raised: $260.35M
- Joined Unicorn Club: 6/8/2017
- Key Investors: Alibaba Group, China Everbright Investment Management, Yinxinggu Capital
- Total Investors: 5
- Total Funding Deals: 2
- Website: https://www.dtdream.com/
8. Valgen Medtech
A Chinese medical device company that provides medical device solutions and services for healthcare professionals.
Company Details:
- Country: China
- Valuation: $1.43 B
- Industry: Health
- Founded Year: –
- Total Funding Raised: –
- Joined Unicorn Club: 5/6/2021
- Key Investors: Sequoia Capital China, China Life Investment Holding Company, Qiming Venture Partners
- Total Investors: –
- Total Funding Deals: –
- Website: http://www.valgenmedtech.com/
9. Tongdun Technology
A Chinese fraud detection and risk management company that provides fraud detection and risk management solutions and services.
Company Details:
- Country: China
- Valuation: $1.32B
- Industry: Cybersecurity
- Founded Year: 2013
- Total Funding Raised: $361.44M
- Joined Unicorn Club: 4/25/2019
- Key Investors: Advantech Capital, Temasek Holdings Ltd., Tiantu Capital Co.
- Total Investors: 17
- Total Funding Deals: 5
- Website: https://www.tongdun.net/
10. Shulan Health
A Chinese healthcare company that provides healthcare solutions and services for individuals.
Company Details:
- Country: China
- Valuation: $1.24 B
- Industry: Health
- Founded Year: –
- Total Funding Raised: –
- Joined Unicorn Club: 3/1/2021
- Key Investors: Qiming Venture Partners
- Total Investors: –
- Total Funding Deals: –
- Website: https://www.shulan.com.cn/
11. Leap Motor
A Chinese electric vehicle manufacturer that provides EV solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $1.01B
- Industry: Auto & transportation
- Founded Year: 2015
- Total Funding Raised: $1.761B
- Joined Unicorn Club: 11/20/2018
- Key Investors: Sequoia Capital China, Gopher Asset Management, Shanghai Electric Group
- Total Investors: 20
- Total Funding Deals: 1
- Website: https://leapmotor.com/
12. 1KMXC
A Chinese blockchain company that provides blockchain solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $1B
- Industry: Hardware
- Founded Year: 2014
- Total Funding Raised: $98.96M
- Joined Unicorn Club: 8/30/2021
- Key Investors: Goldman Sachs Asset Management, SDP Investment, Alibaba Group
- Total Investors: 8
- Total Funding Deals: 3
- Website: https://www.1kmxc.com/
13. Hyperchain
A Chinese blockchain company that provides blockchain solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $1B
- Industry: Fintech
- Founded Year: 2016
- Total Funding Raised: $249M
- Joined Unicorn Club: 4/11/2021
- Key Investors: Yinhong Equity Investment Fund, E Fund, Ideal International
- Total Investors: 14
- Total Funding Deals: 2
- Website: https://www.hyperchain.cn/
14. Wacai
A Chinese personal finance management platform that provides personal finance management solutions and services for individuals.
Company Details:
- Country: China
- Valuation: $1B
- Industry: Mobile & telecommunications
- Founded Year: 2009
- Total Funding Raised: $368.6M
- Joined Unicorn Club: 7/18/2018
- Key Investors: Qiming Venture Partners, China Broadband Capital, CDH Investments
- Total Investors: 12
- Total Funding Deals: 2
- Website: https://www.wacai.com/
15. Dxy.cn
A Chinese medical and healthcare platform that provides medical and healthcare solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $1B
- Industry: Health
- Founded Year: 2000
- Total Funding Raised: $672M
- Joined Unicorn Club: 4/10/2018
- Key Investors: Tencent Holdings, DCM Ventures
- Total Investors: 5
- Total Funding Deals: 1
- Website: https://www.dxy.cn/
16. BeiBei
A Chinese e-commerce platform that provides e-commerce solutions and services for individuals and businesses.
Company Details:
- Country: China
- Valuation: $1B
- Industry: E-commerce & direct-to-consumer
- Founded Year: 2011
- Total Funding Raised: $224.4M
- Joined Unicorn Club: 1/22/2015
- Key Investors: Banyan Capital, New Horizon Capital, IDG Capital Partners
- Total Investors: 6
- Total Funding Deals: 1
- Website: https://www.beibei.com/
Conclusion
In conclusion, the top 16 unicorns we’ve explored are just a glimpse into the many success stories that continue to emerge from Hangzhou. As these companies reshape industries and set new standards, Hangzhou is sure to secure its place as a global leader in innovation and growth.