Top 15 startups in China

China is possibly the most fertile ground for businesses and startups to grow. With 1.4 billion people, China’s user market is huge; there is fierce rivalry among entrepreneurs; Firms receive huge subsidies and the economy is actively developing. In terms of the number of newly founded unicorns, Chinese companies overtook Silicon Valley in 2019. Chinese startups made $ 7.5 billion in the first three months of 2020. Funding climbed to more than $ 13.2 billion in the second quarter. In July and August alone, companies received around $ 12.2 billion in grants. These companies not only survived but thrived during the epidemic and grew at a rapid pace, meeting and exceeding customer expectations. With that in mind, let’s take a look at the top 15 startups in China.

Top 15 startups in China

  1. Yipin fresh
  2. ByteDance
  3. We drive
  4. Zuoyebang
  5. WeDoctor
  6. Pony.ai
  7. Huochebang
  8. Shannon Artificial Intelligence
  9. Intelligence
  10. Jinke Hui’an
  11. Video ++
  12. MissFresh
  13. Star field
  14. Geek +
  15. Chehaoduo

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frequently asked Questions

Top startups in China

Top 15 startups in China

Here are some of the best Chinese startups

Yipin fresh

Yipin Fresh - Best Startups in China
Yipin Fresh – Best Startups in China

Yipin Fresh, a Hefei-based grocery store, operates nearly 900 neighborhood grocery stores in 17 Chinese cities. Online orders and day two deliveries are also available through the company’s Yipien Daojia app and WeChat microprogram. The company has been in a growth and financial rift for the past three years, only exacerbated by the 2020 pandemic.

ByteDance

ByteDance - Best Startups in China
ByteDance – Best Startups in China

With a total value of $ 140 billion in 2020, ByteDance became the world’s most valuable unicorn, and its market cap has since grown to a staggering $ 425 billion. TikTok, its Chinese equivalent Douyin, the Indian multi-language Helo social network, the Chinese news site Toutiao, and several other services are all owned by the company.


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We drive

WeRide - Best Startups in China
WeRide – Best Startups in China

WeRide, a Chinese startup, is another major competitor in the drone sector. The startup has already presented its Robotaxi, deployed 100 drones and received approval for operation without a driver. Nissan, Renault and Mitsubishi are among the companies that have invested in the business. The startup has already received $ 310 million in Round B funding for 2021.

Zuoyebang

Zuoyebang - Best Startups in China
Zuoyebang – Best Startups in China

For school and preschool children, Zuoyebang offers online courses, courses and personal teacher advice. In the case of online broadcasts in autumn 2020, 10 million people were recorded on the site.

Tiger Global Management, Alibaba Group, Sequoia Capital China and SoftBank Vision Fund invested $ 1.6 billion in the company in Round B late last year. In total, the platform raised $ 2.9 billion.

WeDoctor

Best startups in China
Best startups in China

WeDoctor is a company that offers a wide range of health services to its users. The concept for the service arose from an application for an online doctor’s appointment. You can now get an online consultation, write a prescription and diagnose with the help of an integrated artificial intelligence system with the help of WeDoctor. The startup was valued at $ 6 billion in 2018.

Tencent invested $ 1.34 billion in Goldman Sachs Holdings Ltd, Hillhouse Capital Group and Morningside Group in the company in 2020.

Pony.ai

Pony.ai - Best Startups in China
Pony.ai – Best Startups in China

The startup Pony.ai debuted in 2016 and since then the company has grown as fast as drones. Pony.ai is one of the most valuable unicorns in the world today when it comes to the production of drone technology. The company’s main business is autonomous deliveries and work is also underway on a robot taxi.

The company was valued at $ 5.3 billion in the third phase of the exchange in February 2021.


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Huochebang

Huochebang - Best Startups in China
Huochebang – Best Startups in China

Huochebang, based in Guizhou, China, is an on-demand logistics network that connects commercial drivers with freight forwarders who require transportation across China. Huochebang and Yunmanman teamed up in 2017 to develop a platform with over 4 million trucks that is not expected to slow down anytime soon.

Huochebang is expected to expand significantly as consumers demand more online, faster delivery and coverage across China.

Shannon Artificial Intelligence

Shannon.ai - Best Startups in China
Shannon.ai – Best Startups in China

Shannon.AI is an artificial intelligence company in the financial sector that uses algorithms to analyze, extract and integrate large amounts of financial data. It was founded in 2017. Shannon Technology is promoting a new natural language-based information interaction paradigm that enables investors to get the information they want faster, more intuitively, and more accurately. The company’s headquarters are in Beijing, China.

Intelligence

Intellifusion - Best Startups in China
Intellifusion – Best Startups in China

Established in 2014, Intellifusion is a visual intelligence AI company providing solutions for public safety, social governance, new business, AIoT and other disciplines based on their computer vision technology. Intellifusion is headquartered in Shenzhen, Guangdong.

In April 2020, amid the epidemic, the company completed its Series C funding round and raised an impressive $ 153 million.

Intellifusion is well on its way to following in the footsteps of a number of AI unicorns who have forged strong ties with China’s local, regional, and national governments.


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Jinke Hui’an

Hui'an Jinke - Best Startups in China
Hui’an Jinke – Best Startups in China

Like Shannon.ai, Hui’an Jinke uses AI for a different reason than many other Chinese AI unicorns. The startup, founded in 2017, uses artificial intelligence to manage and mitigate risks.

Fraud monitoring, identification of operational risks and anti-money laundering are AI / ML-enhanced products.

In 2018, the company secured a Series A financing round.

Video ++

Video ++ - Best Startups in China
Video ++ – Best Startups in China

Video ++ was founded in 2014 and provides 65 percent of China’s leading video platforms streaming services and advertising solutions, reaching over 500 million unique video users every month.

Video ++ uses AI to insert advertising into post-production material, in addition to standard streaming and advertising services.

Video ++ last received $ 105 million in Series C funding in September 2018.

MissFresh

MissFresh - Best Startups in China
MissFresh – Best Startups in China

Meiri Youxian / MissFresh has benefited significantly from the epidemic.

In 2020, the company, which was founded in 2014, will receive two financing rounds. In July 2020, they raised $ 495 million in a Series E round and another $ 306 million in December 2020 from investors.

Although MissFresh is sometimes compared to Instacart, its business strategy is more like Farmstead. The company has 1,500 smaller distribution centers located near residential areas, which enables faster delivery and lower cold chain costs.

Star field

Starfield - Best Startups in China
Starfield – Best Startups in China

Starfield is a fast growing alternative meat brand in China founded in 2017 in Shenzhen. From August to October, the company received $ 10 million in a Series A round.

Starfield has become China’s fastest growing herbal brand. Starfield intends to use this fresh capital to establish a facility in Shenzhen to continue its research and development.

In addition, the company hopes to market its products to Chinese consumers through collaborations with restaurants. Despite the pandemic, it started working with many food service companies in 2019 and created several new collaborative relationships in 2020.

Geek +

Geek + - Best Startups in China
Geek + – Best Startups in China

Geek + was founded in 2015 to support warehouse and industrial operators in meeting the increasing demands of eCommerce. Nike, Toyota, DHL and Dell are among the companies that use the company’s logistics solutions today.

The company has installed over 10,000 logistics robots for a new generation of automated systems.

In June 2020, the company secured $ 50 million in a Series C expansion.

With offices in Germany, Japan, Hong Kong, Singapore, Great Britain and the USA, the company is headquartered in Beijing.

Chehaoduo

Chehaoduo - Best Startups in China
Chehaoduo – Best Startups in China

Chehaoduo is an online marketplace for used cars that connects sellers and buyers. The Beijing-based startup was founded in 2015 and has raised a staggering $ 3.6 billion over the past five years, including a $ 200 million Series D expansion in May 2020.

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The developed Asian countries are becoming full-fledged rivals to Silicon Valley, and they have several advantages. The size of the potential user market for government business support and other regional benefits is excellent, as competition promotes business development and new ideas and start-ups contribute to further human progress.

frequently asked Questions

Which are the top startups in China?

Some of the top startups in China are:

  • Yipin fresh
  • ByteDance
  • We drive
  • Zuoyebang
  • WeDoctor
  • Pony.ai
  • Huochebang
  • Shannon Artificial Intelligence
  • Intelligence
  • Jinke Hui’an
  • Video ++
  • MissFresh
  • Star field
  • Geek +
  • Chehaoduo

What are the leading Chinese startups operating in India?

Some of the leading Chinese startups operating in India are:

  • Xiaomi Mi
  • Vivo
  • Oppo
  • Huawei
  • A plus
  • Lenovo
  • Haier
  • Motorola
  • Coolpad
  • TCL
  • Realme
  • WISCO

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