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China's top 10 unicorns in estimated values 2018

Ant Financial, Alibaba's financial arm, boasts the highest valuation among Chinese unicorn companies, according to a report released by Hurun Research Institute recently. The report selected 186 companies, each having external financing and a valuation over $1 billion as of Dec 31 in 2018. Let's take a look at China's top 10 unicorns in estimated values last year.

Waning sharing economy: Dwindling investment and weak demand plague Chinese sharing industry start-ups
Feb 20, 5:18 am

With passion among investors and entrepreneurs, there emerged many sharing economy companies on China's domestic market, from shared bikes and cars to shared umbrellas, gyms and karaoke. A number of strange shared products also appeared, such as shared sleeping warehouses, which were launched in mid-2017 but stopped by local governments a week later. However, the receding of the sharing economy now in China has been accelerated by dwindling investment. As the sharing concept gradually loses its shine and more sharing economy start-ups fail, investors are looking to draw money from the sector to the next hot industry, whatever it may be.

Live streaming platform Douyu struggles for U.S. IPO as China's live broadcasting industry presents a downward trend of growth
Feb 14, 4:44 am

Once the company is listed, its "live+" strategy will bring new opportunities for Douyu's expansion. In the past two years, Douyu, which started with game broadcasting, was providing streaming contents in other fields, such as e-commerce, pan-entertainment and education. Differentiated contents could attract more users, but risks also exist. For example, the original business activities and resource allocation will be affected and overall market risk will be intensified in the process of operation.


Community group buying is about to break out? The Great Battle of Thousand Regiments Begins? Community Group Purchase Venture Company

Community group buying is a kind of shopping and consumption behavior of residents'groups in real residential communities. It relies on a regionalized, small-scale and localized form of group buying in real communities, and promotes the precise propaganda and promotion of core customers by community shops through the preferential activities of group buying forms provided by community shops for the residents around (within the community). Consumption stimulation, to achieve the rapid promotion of the regional reputation and reputation of shops, has a significant effect on the marketing of shops.

Updated in November-20, 2018

Unicorn Club, an unlisted company valued at more than $1 billion

Entry criteria: 1. Private equity investment without listing; 2. Enterprise valuation exceeded $1 billion (listed companies have been gradually excluded)

Updated in November-21, 2018

Start-ups that provide programming and IT education for teenagers

With the tide of the Internet, programming education should start with dolls. What start-ups are offering programming and IT education to teenagers?

Updated in November-21, 2018

Top News

Alibaba CEO rules out layoffs this year despite China’s economic slowdown

Alibaba expects to avoid layoffs this year despite China’s economic slowdown, CEO Daniel Zhang said on Friday. “When the economy is bad, the biggest advantage for online platforms is to create jobs,” Zhang said in a Weibo post.

Bytedance said to be sounded out by authorities about listing on Shanghai’s new tech board

Beijing-based Bytedance, operator of global short video hit app TikTok, known as Douyin in mainland China, has been contacted by authorities for a potential listing on the much-anticipated Technology Innovation Board in Shanghai, according to people familiar with the matter.

As shared kitchens heat up, a China-based startup, Panda Selected, nabs $50 million led by Tiger Global

Panda Selected, a Beijing-based shared-kitchen company that just raised $50 million in Series C funding led by Tiger Global Management, with participation from earlier backers DCM and Glenridge Capital. The round brings its total funding to $80 million.

Pompeo: Countries that use Huawei tech pose a risk to the US

US Secretary of State Mike Pompeo on Thursday said the US won't partner with countries that adopt Huawei's technology. The move stance arises from security concerns Washington has about the Chinese maker of smartphones and networking equipment.

Baidu reports 50% quarterly profit drop but revenue beats projections

Baidu reported stronger-than-expected revenue in the most recent period, driven by its search-engine business and artificial-intelligence initiatives.

Apple teams up with Alipay's interest-free financing Huabei to boost iPhone sales in China

Apple has teamed up with mobile payment company Alipay to offer Chinese consumers interest-free financing on iPhones. The move could help revive Apple's slowing sales in the country. The financing is made through Alipay's lending service, Huabei, which translates to "just spend."


Top Finance

CompanyIndustrySeriesLast week financing

HaiHe Biopharma

HaiHe Biopharma is a biomedical enterprise focusing on the discovery, development and commercialization of anti-tumor innovative drugs. With the mission of " all rivers run into sea, harmony and win - win, innovation oriented, and benefit mankind", HaiHe Biopharma adheres to the path of independent innovation and seeks the path of international development of Chinese original drugs by forming strategic cooperation with Shanghai Institute of Medicine, Chinese Academy of Sciences


Series Angel

146.6 million USD

Burning Rock Dx

Burning Rock Dx focuses on individualized treatment guidance for tumor patients, with second-generation sequencing and medical bioinformatics as the core and routine tumor molecular pathology detection as the cornerstone, and is committed to building a one-stop solution for clinical detection service and scientific research for individualized treatment of tumor


Series C

850 million CNY


TuSenWeiLai is an artificial intelligence start-up enterprise focusing on research and development and application of self-driving freight truck technology. The company was established in September 2015. It has R & D centers in Beijing, Tangshan, Hebei Province, San Diego, California and Tucson, Arizona. Its core technical teams are from top universities in the world such as California Institute of Technology, Carnegie Mellon University, Nanyang Technological University, Waseda University and Hong Kong University of Science and Technology


Artificial Intelligence

Series D

95 million USD


PATEO has a full set of qualified services for vehicle networking operation in the Chinese market. Its services cover many parts such as in-vehicle data, automotive electronic hardware, operating system, software, voice AI and map integration. It can provide integrated vehicle networking services such as intelligent operating system, big data, content service integration and operation, map engine software and cloud architecture, voice embedded and cloud platform solutions, IoT and wearable


Series Strategy

Hundreds of millions CNY


ShiHeng is a big data-driven catering and new retail online operation service provider, and is a domestic large-scale and systematic catering and new retail online enabler. Provide online delivery platform consultation, training, operation and maintenance for national catering enterprises. The business covers the third-party food and beverage trading platforms such as hungry food, American food delivery and WeChat food delivery

Social Network


Series B+

Tens of millions USD


About HoloBase

To better understand how Chinese technology is reshaping the business world is required to track everyday changes in this huge market full of opportunities. HoloBase is here to present the essential reports and analysis on technology industry of China 24/7.

HoloBase was founded in 2018 as a lab product of GeekPark, a leading tech media in China. We would like to bridge the gap between China and the rest of the world, especially those emerging markets which badly need resources of tech, human, investment and management. We approach this goal by offering daily news, industry trends, financing info, analytic reports and yellow pages of Chinese tech companies.

All the info we present here is based on a combination of both algorithm and human editors. The algorithm is far more efficient in the way of searching and analyzing statistics, and the editors know better about what you need.

As a professional tech media, we would like to help other tech communities and markets grow and spread by tracking the path of China's rising tech companies, and seize the opportunity of becoming the next unicorn.

About GeekPark

Founded in 2010, GeekPark is one of China’s largest internet and technology innovation communities, as well as the first one who introduces the concept “Geek” into China.

With four core business units, media production, integrated marketing services, CEO Club, investment and startup acceleration program, GeekPark has developed to be a notable force of the innovators and for the innovators.

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