In Shanghai, many creative startups are changing different industries. This list shares the top 45 unicorns in Shanghai, each worth more than $1 billion. These leading companies are changing areas like, fintech, e-commerce, AI, etc, making Shanghai a center of innovation. Learn about the amazing companies that call Shanghai home.
List of Top 45 Unicorns in Shanghai
1. Xiaohongshu
A Chinese social media and e-commerce platform that focuses on fashion and beauty products.
Company Details:
- Country: China
- Valuation: $20B
- Industry: E-commerce & direct-to-consumer
- Founded Year: 2013
- Total Funding Raised: $917.5M
- Joined Unicorn Club: 3/31/2016
- Key Investors: GGV Capital, ZhenFund, Tencent
- Total Investors: 9
- Total Funding Deals: 3
- Website: https://www.xiaohongshu.com/
2. ZongMu Technology
A Chinese autonomous driving technology company that provides advanced driver-assistance systems (ADAS).
Company Details:
- Country: China
- Valuation: $11.40B
- Industry: Auto & transportation
- Founded Year: 2013
- Total Funding Raised: $210.83M
- Joined Unicorn Club: 6/3/2021
- Key Investors: LTW Capital, Legend Capital, Qualcomm Ventures
- Total Investors: 19
- Total Funding Deals: 2
- Website: http://www.zongmutec.com/en/home/
3. WM Motor
A Chinese electric vehicle manufacturing company that provides electric vehicles for customers in China and other countries.
Company Details:
- Country: China
- Valuation: $5B
- Industry: Auto & transportation
- Founded Year: 2015
- Total Funding Raised: $5.987B
- Joined Unicorn Club: 3/8/2019
- Key Investors: Baidu Capital, Linear Venture, Tencent
- Total Investors: 35
- Total Funding Deals: 1
- Website: https://www.wmmotor.com/
4. Hello TransTech
A Chinese transportation technology company that provides ride-hailing and other transportation solutions for customers.
Company Details:
- Country: China
- Valuation: $5B
- Industry: Auto & transportation
- Founded Year: 2016
- Total Funding Raised: $2.701B
- Joined Unicorn Club: 6/1/2018
- Key Investors: Ant Financial Services Group, GGV Capital
- Total Investors: 13
- Total Funding Deals: 3
- Website: https://www.hellocareer.cn/
5. United Imaging Healthcare
A Chinese medical imaging technology company that provides imaging equipment and solutions for healthcare institutions.
Company Details:
- Country: China
- Valuation: $5B
- Industry: Health
- Founded Year: 2011
- Total Funding Raised: $500M
- Joined Unicorn Club: 9/15/2017
- Key Investors: China Life Insurance, China Development Bank Capital, CITIC Securities International
- Total Investors: 6
- Total Funding Deals: 1
- Website: https://united-imaging.com/
6. Hozon Auto
A Chinese electric vehicle design and manufacturing company that provides electric vehicle solutions and services.
Company Details:
- Country: China
- Valuation: $3.95B
- Industry: Auto & transportation
- Founded Year: 2014
- Total Funding Raised: $3.146B
- Joined Unicorn Club: 10/25/2021
- Key Investors: HD Capital, Qihoo 360 Technology, China Fortune Land Development
- Total Investors: 13
- Total Funding Deals: 2
- Website: https://en.hozonauto.com/
7. Youxia Motors
A Chinese electric vehicle manufacturing company that provides electric vehicle solutions and services.
Company Details:
- Country: China
- Valuation: $3.35B
- Industry: Auto & transportation
- Founded Year: 2014
- Total Funding Raised: $1.326B
- Joined Unicorn Club: 4/2/2018
- Key Investors: China Environmental Protection Industry, China Fortune Ocean
- Total Investors: 7
- Total Funding Deals: 2
- Website: http://www.youxia.com/
8. Biren Technology
A Chinese internet of things (IoT) technology company that provides IoT technology solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $2.32B
- Industry: Hardware
- Founded Year: 2019
- Total Funding Raised: $288.22M
- Joined Unicorn Club: 8/18/2020
- Key Investors: V FUND, IDG Capital, Green Pine Capital Partners
- Total Investors: 32
- Total Funding Deals: 3
- Website: http://www.biren.com.cn/
9. Huaqin Telecom Technology
A Chinese mobile phone manufacturer that provides mobile phone solutions and services for individuals and businesses.
Company Details:
- Country: China
- Valuation: $2.19B
- Industry: Mobile & telecommunications
- Founded Year: 2005
- Total Funding Raised: $276.35M
- Joined Unicorn Club: 10/8/2019
- Key Investors: Zhangjiang Haocheng Venture Capital, Walden International, Intel Capital
- Total Investors: 16
- Total Funding Deals: 1
- Website: http://www.huaqin.com/
10. Hesai Tech
A Chinese lidar technology company that provides lidar technology solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $2.18B
- Industry: Artificial intelligence
- Founded Year: 2013
- Total Funding Raised: $717.29M
- Joined Unicorn Club: 8/1/2020
- Key Investors: Lightspeed China Partners, Baidu Ventures, Qiming Venture Partners
- Total Investors: 20
- Total Funding Deals: 3
- Website: https://www.hesaitech.com/
11. YITU Technology
A Chinese artificial intelligence and facial recognition technology company that provides AI and facial recognition solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $2.17B
- Industry: Artificial intelligence
- Founded Year: 2012
- Total Funding Raised: $385.12M
- Joined Unicorn Club: 3/8/2018
- Key Investors: Sequoia Capital China, Banyan Capital
- Total Investors: 11
- Total Funding Deals: 1
- Website: https://www.yitu-inc.com/
12. ROX Motor
A Chinese electric bike manufacturer that provides electric bike solutions and services for individuals.
Company Details:
- Country: China
- Valuation: $2.00 B
- Industry: Auto & transportation
- Founded Year: –
- Total Funding Raised: –
- Joined Unicorn Club: 4/29/2022
- Key Investors: Sequoia Capital China, IDG Capital, Qiming Venture Partners
- Total Investors: –
- Total Funding Deals: –
- Website: http://www.roxmotor.com/
13. Black Sesame Technologies
A Chinese artificial intelligence and IoT technology company that provides AI and IoT technology solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $2B
- Industry: Artificial intelligence
- Founded Year: 2016
- Total Funding Raised: $115M
- Joined Unicorn Club: 9/22/2021
- Key Investors: Northern Light Venture Capital, Xiaomi, FutureX Capital
- Total Investors: 18
- Total Funding Deals: 1
- Website: http://www.bsts.com/
14. Guoquan Shihui
A Chinese intelligent manufacturing company that provides intelligent manufacturing solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $2B
- Industry: Consumer & retail
- Founded Year: 2017
- Total Funding Raised: $423.44M
- Joined Unicorn Club: 3/17/2021
- Key Investors: Tiantu Capital, CMB International Capital, Vision Knight Capital
- Total Investors: 9
- Total Funding Deals: 2
- Website: https://www.gqshihui.com/
15. eDaili
A Chinese delivery logistics company that provides delivery logistics solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $1.90B
- Industry: E-commerce & direct-to-consumer
- Founded Year: 2015
- Total Funding Raised: $1M
- Joined Unicorn Club: 2/1/2019
- Key Investors: K2VC, Lightspeed China Partners, Sky9 Capital
- Total Investors: 8
- Total Funding Deals: 2
- Website: https://www.edaili.com/
16. ENOVATE
A Chinese electric vehicle company that provides electric vehicle solutions and services for individuals and businesses.
Company Details:
- Country: China
- Valuation: $1.85B
- Industry: Auto & transportation
- Founded Year: 2015
- Total Funding Raised: $1.333B
- Joined Unicorn Club: 4/15/2019
- Key Investors: Automobile Industry Guidance Fund
- Total Investors: 1
- Total Funding Deals: 1
- Website: https://www.enovatemotors.com/
17. AIWAYS
A Chinese electric vehicle company that provides electric vehicle solutions and services for individuals and businesses.
Company Details:
- Country: China
- Valuation: $1.78B
- Industry: Auto & transportation
- Founded Year: 2017
- Total Funding Raised: $330.93M
- Joined Unicorn Club: 4/16/2018
- Key Investors: Jiangsu Sha Steel Group, Shanghai Puyin Industry, Funa Yuanchuang Technology
- Total Investors: 10
- Total Funding Deals: 1
- Website: https://www.ai-ways.eu/
18. Iluvatar CoreX
A Chinese technology investment company that invests in technology companies and provides investment solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $1.55B
- Industry: Hardware
- Founded Year: 2015
- Total Funding Raised: $185.52M
- Joined Unicorn Club: 3/1/2021
- Key Investors: Centurium Capital, Cedarlake Capital, Unicom Innovation Venture Capital
- Total Investors: 8
- Total Funding Deals: 1
- Website: http://iluvatarcorex.com/
19. Ximalaya FM
A Chinese online audio platform that provides audio solutions and services for individuals and businesses.
Company Details:
- Country: China
- Valuation: $1.52B
- Industry: Mobile & telecommunications
- Founded Year: 2012
- Total Funding Raised: $70.59M
- Joined Unicorn Club: 9/22/2017
- Key Investors: China Creation Ventures, Sierra Ventures, Xingwang Investment Management
- Total Investors: 11
- Total Funding Deals: 2
- Website: https://www.ximalaya.com/
20. YunQuNa
A Chinese logistics technology company that provides logistics technology solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $1.50B
- Industry: Supply chain, logistics, & delivery
- Founded Year: 2015
- Total Funding Raised: $342.37M
- Joined Unicorn Club: 6/29/2021
- Key Investors: Source Code Capital, Coatue Management, DCM Ventures
- Total Investors: 10
- Total Funding Deals: 1
- Website: https://www.yunquna.com/
21. Changingedu
A Chinese online education company that provides online education solutions and services for individuals.
Company Details:
- Country: China
- Valuation: $1.50B
- Industry: Edtech
- Founded Year: 2014
- Total Funding Raised: $188M
- Joined Unicorn Club: 10/30/2017
- Key Investors: Trustbridge Partners, IDG Capital, Sequoia Capital China
- Total Investors: 6
- Total Funding Deals: 1
- Website: https://www.changingedu.com/
22. Mofang Living
A Chinese home decoration and furnishing company that provides home decoration and furnishing solutions and services for individuals.
Company Details:
- Country: China
- Valuation: $1.50B
- Industry: E-commerce & direct-to-consumer
- Founded Year: 2009
- Total Funding Raised: $710M
- Joined Unicorn Club: 4/13/2016
- Key Investors: Warburg Pincus, Aviation Industry Corporation of China
- Total Investors: 4
- Total Funding Deals: 1
- Website: https://www.mofanglife.com/
23. Bordrin Motors
A Chinese electric vehicle company that provides electric vehicle solutions and services for individuals and businesses.
Company Details:
- Country: China
- Valuation: $1.48B
- Industry: Auto & transportation
- Founded Year: 2016
- Total Funding Raised: $361M
- Joined Unicorn Club: 6/3/2019
- Key Investors: China Grand Prosperity Investment, CSC Group
- Total Investors: 7
- Total Funding Deals: –
- Website: https://www.bordrin.com/
24. Ouyeel
A Chinese online metals trading platform that provides metals trading solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $1.45B
- Industry: Internet software & services
- Founded Year: 2015
- Total Funding Raised: $433.72M
- Joined Unicorn Club: 6/27/2019
- Key Investors: Taigang Venture Capital
- Total Investors: 18
- Total Funding Deals: –
- Website: https://www.ouyeel.com/
25. DeepBlue Technology
A Chinese artificial intelligence company that provides AI solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $1.35B
- Industry: Artificial intelligence
- Founded Year: 2014
- Total Funding Raised: $79.28M
- Joined Unicorn Club: 4/16/2018
- Key Investors: DESUN Capital, Yunfeng Capital, Meridian Capital
- Total Investors: 10
- Total Funding Deals: –
- Website: https://www.deepblueai.com/
26. Manner
A Chinese software company that provides software solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $1.30B
- Industry: Other
- Founded Year: 2015
- Total Funding Raised: $11.54M
- Joined Unicorn Club: 12/24/2020
- Key Investors: Coatue Management, H Capital, Capital Today
- Total Investors: 6
- Total Funding Deals: 2
- Website: http://www.manner.cn/
27. Enflame
A Chinese AI chip company that provides AI chip solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $1.24B
- Industry: Hardware
- Founded Year: 2018
- Total Funding Raised: $470.52M
- Joined Unicorn Club: 1/5/2021
- Key Investors: Tencent Holdings, Delta Capital, Redpoint Ventures China
- Total Investors: 18
- Total Funding Deals: 1
- Website: https://www.enflame-tech.com/
28. Yiguo
A Chinese e-commerce company that provides fresh food e-commerce solutions and services for individuals.
Company Details:
- Country: China
- Valuation: $1.20B
- Industry: Supply chain, logistics, & delivery
- Founded Year: 2005
- Total Funding Raised: $800M
- Joined Unicorn Club: 11/9/2016
- Key Investors: Alibaba Group, KKR, Goldman Sachs
- Total Investors: 12
- Total Funding Deals: 1
- Website: https://www.yiguo.com/
29. Yimidida
A Chinese online marketplace for industrial products that provides industrial products solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $1.17B
- Industry: Supply chain, logistics, & delivery
- Founded Year: 2015
- Total Funding Raised: $553.61M
- Joined Unicorn Club: 1/14/2019
- Key Investors: Source Code Capital, Global Logistic Properties, K2VC
- Total Investors: 14
- Total Funding Deals: 2
- Website: https://www.1m3c.com/
30. Tuhu
A Chinese automotive maintenance and repair platform that provides automotive maintenance and repair solutions and services.
Company Details:
- Country: China
- Valuation: $1.16B
- Industry: Auto & transportation
- Founded Year: 2011
- Total Funding Raised: $580.45M
- Joined Unicorn Club: 9/15/2018
- Key Investors: Qiming Venture Partners, Yaxia Automobile, Far East Horizon
- Total Investors: 19
- Total Funding Deals: 2
- Website: https://www.tuhu.cn/
31. Gaussian Robotics
A Chinese robotics company that provides robotics solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $1.10B
- Industry: Hardware
- Founded Year: 2013
- Total Funding Raised: $287.83M
- Joined Unicorn Club: 11/10/2021
- Key Investors: BlueRun Ventures, Grand Flight Investment, Meituan Dianping
- Total Investors: 17
- Total Funding Deals: 1
- Website: http://www.gaussianrobotics.com/
32. Qingting FM
A Chinese online radio platform that provides online radio solutions and services for individuals.
Company Details:
- Country: China
- Valuation: $1.10B
- Industry: Internet software & services
- Founded Year: 2011
- Total Funding Raised: $163.7M
- Joined Unicorn Club: 6/2/2021
- Key Investors: China Culture Industrial Investment Fund, We Capital, China Minsheng Investment Group
- Total Investors: 16
- Total Funding Deals: 2
- Website: https://www.qingting.fm/
33. 56PINGTAI
A Chinese supply chain management company that provides supply chain management solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $1.08B
- Industry: Supply chain, logistics, & delivery
- Founded Year: 2013
- Total Funding Raised: $187.82M
- Joined Unicorn Club: 1/25/2021
- Key Investors: QF Capital, QC Capital, Unicom Innovation Venture Capital
- Total Investors: 11
- Total Funding Deals: 1
- Website: http://www.56pingtai.com/
34. Tezign
A Chinese design platform that provides design solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $1B
- Industry: Internet software & services
- Founded Year: 2015
- Total Funding Raised: $110M
- Joined Unicorn Club: 11/2/2021
- Key Investors: Sequoia Capital China, Linear Venture, Hearst Ventures
- Total Investors: 14
- Total Funding Deals: 1
- Website: https://www.tezign.com/
35. HAYDON
A Chinese precision medicine company that provides precision medicine solutions and services for individuals.
Company Details:
- Country: China
- Valuation: $1B
- Industry: Consumer & retail
- Founded Year: 2020
- Total Funding Raised: $100M
- Joined Unicorn Club: 9/24/2021
- Key Investors: Tencent Holdings, Hillhouse Capital Management
- Total Investors: 2
- Total Funding Deals: 1
- Website: http://www.haydon.cn/
36. Keenon Robotics
A Chinese robotics company that provides robotics solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $1B
- Industry: Supply chain, logistics, & delivery
- Founded Year: 2010
- Total Funding Raised: $228.79M
- Joined Unicorn Club: 9/15/2021
- Key Investors: Yunqi Partners, SoftBank Group, iVision Ventures
- Total Investors: 13
- Total Funding Deals: 1
- Website: https://www.keenonrobotics.com/
37. dMed Biopharmaceutical
A Chinese biopharmaceutical company that provides biopharmaceutical solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $1.00 B
- Industry: Health
- Founded Year: –
- Total Funding Raised: –
- Joined Unicorn Club: 7/12/2021
- Key Investors: Qiming Venture Partners, Vivo Capital, Sequoia Capital China
- Total Investors: –
- Total Funding Deals: –
- Website: https://www.dmedglobal.com/
38. XForcePlus
A Chinese cybersecurity company that provides cybersecurity solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $1B
- Industry: Internet software & services
- Founded Year: 2015
- Total Funding Raised: $200M
- Joined Unicorn Club: 6/1/2021
- Key Investors: Eastern Bell Capital, Danhua Capital, MSA Capital
- Total Investors: 12
- Total Funding Deals: 2
- Website: https://www.xforceplus.com/
39. Poizon
A Chinese e-sports platform that provides e-sports solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $1B
- Industry: Mobile & telecommunications
- Founded Year: 2015
- Total Funding Raised: –
- Joined Unicorn Club: 4/29/2019
- Key Investors: DST Global, Sequoia Capital China, Gaorong Capital
- Total Investors: 5
- Total Funding Deals: 1
- Website: https://www.poizon.com.cn/
40. Banma Network Technologies
A Chinese intelligent vehicle platform that provides intelligent vehicle solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $1B
- Industry: Auto & transportation
- Founded Year: 2015
- Total Funding Raised: $696.76M
- Joined Unicorn Club: 9/13/2018
- Key Investors: Yunfeng Capital, SDIC Innovation Investment Management, Shang Qi Capital
- Total Investors: 5
- Total Funding Deals: 1
- Website: https://www.banma.com/
41. DianRong
A Chinese peer-to-peer lending platform that provides peer-to-peer lending solutions and services for individuals and businesses.
Company Details:
- Country: China
- Valuation: $1B
- Industry: E-commerce & direct-to-consumer
- Founded Year: 2012
- Total Funding Raised: $649M
- Joined Unicorn Club: 8/2/2017
- Key Investors: Standard Chartered, FinSight Ventures, Affirma Capital
- Total Investors: 16
- Total Funding Deals: 1
- Website: https://www.dianrong.com/
42. Zhaogang
A Chinese online metal trading platform that provides online metal trading solutions and services for businesses.
Company Details:
- Country: China
- Valuation: $1B
- Industry: E-commerce & direct-to-consumer
- Founded Year: 2012
- Total Funding Raised: $361.25M
- Joined Unicorn Club: 6/29/2017
- Key Investors: K2 Ventures, Matrix Partners China, IDG Capital
- Total Investors: 9
- Total Funding Deals: 2
- Website: https://www.zhaogang.com/
43. iTutorGroup
A Chinese online education platform that provides online education solutions and services for individuals.
Company Details:
- Country: China
- Valuation: $1B
- Industry: Edtech
- Founded Year: 1998
- Total Funding Raised: $315M
- Joined Unicorn Club: 11/18/2015
- Key Investors: QiMing Venture Partners, Temasek Holdings, Silverlink Capital
- Total Investors: 10
- Total Funding Deals: 1
- Website: https://www.itutorgroup.com/
44. HuJiang
A Chinese online education platform that provides online education solutions and services for individuals.
Company Details:
- Country: China
- Valuation: $1B
- Industry: Edtech
- Founded Year: 2001
- Total Funding Raised: $223.29M
- Joined Unicorn Club: 10/29/2015
- Key Investors: China Minsheng Investment, Baidu, Wanxin Media
- Total Investors: 3
- Total Funding Deals: 1
- Website: https://www.hjenglish.com/
45. LinkSure Network
A Chinese mobile internet company that provides mobile internet solutions and services for individuals and businesses.
Company Details:
- Country: China
- Valuation: $1B
- Industry: Mobile & telecommunications
- Founded Year: 2013
- Total Funding Raised: $52M
- Joined Unicorn Club: 1/1/2015
- Key Investors: Qiming Venture Partners, DCM Ventures, Sailing Capital, IDG Capital, Morningside Venture Capital, Blue Lake Capital, Trustbridge Partners, CICC ALPHA, Cowin Capital, E-Town Capital
- Total Investors: 2
- Total Funding Deals: 1
- Website: https://www.linksure.com/
Conclusion
In conclusion, the top 45 unicorns we’ve explored are just a glimpse into the many success stories that continue to emerge from Shanghai. As these companies reshape industries and set new standards, Shanghai is sure to secure its place as a global leader in innovation and growth.