Silicon Dragon Ranks The Top 10 Unicorn Startups In China
Silicon Dragon’s ranking of China’s top 10 unicorn startups (below) offers a snapshot of these breakthrough leaders with stratospheric valuations. Of the 131 unicorns worldwide, China claims 18 startups in the $1 billion-plus club.
More details on each of these unicorns plus a list of the full 18 Chinese companies in the $1 billion club can be accessed by members of the Silicon Dragon Circle in Silicon Dragon’s paid content section.
1. Xiaomi
Valuation: $46 billion
Total funding: $1.45 billion
VC backers: Digital Sky Technologies, Qiming Venture Partners, Qualcomm Ventures, Morningside Group, IDG Capital Partners
2. Didi Kuaidi
Valuation: $15 billion
Total funding: $725 million
VC backers: Matrix Partners China, Tiger Global Management, Softbank Corp., Alibaba Group, Tencent, China Investment Corp.
3. Lufax
Valuation: $10 billion
Total funding: $485 million
VC backers: Ping An Ventures, CDH Investments, China international Capital Corporation, Morgan Stanley
4. DJI Innovations
Valuation: $10 billion
Total funding: $75 million
VC backers: Accel Partners, Sequoia Capital
5. Meituan
Valuation: $7 billion
Total funding: $1.06 billion
VC backers: Sequoia Capital, General Atlantic, Alibaba Group
6. Dianping
Valuation: $4.05 billion
Total funding: $1.41 billion
VC backers: Qiming Venture Partners, Lightspeed China Partners, Sequoia Capital, Trustbridge Partners, Tencent, Wanda Group, Fosun Kinzon Capital, Xiaomi
7. VANCL
Valuation: $3 billion
Total funding: $430 million
VC backers: Ceyuan Ventures, Qiming Venture Partners, Temasek Holdings, SAIF Partners, IDG Capital Partners
8. Trendy Group International
Valuation: $2 billion
Total funding: $200 million
VC backer: L Capital Partners
9. Lakala
Valuation: $1.6 billion
Total funding: $242 million
VC backers: Fortune Venture Investment Group, China Renaissance Capital Investment
10. Koudai Gouwu
Valuation: $1.4 billion
Total funding: $362 million
VC backers: New Enterprise Associates, Tiger Global Management, Tencent, Chengwei Capital
