China
143 labs and startups across 34 cities. 10 startups are AI-native; 0 new AI startups appeared in the last two years against 0 in the two before.
Cities
Unicorns

ByteDance$600bn
Chinese Internet and technology company.
Yuanfudao$15.5bn
Educational technology. Valued at $15.5bn (October 2020).
DJI$15bn
Technology. Valued at $15bn (September 2016).
Xiaohongshu$14bn
E-commerce. Valued at $14bn (September 2023).
Bitmain$12bn
Chinese software company.
ZongMu Technology$11bn
Self-driving cars. Valued at $11bn (June 2021).
Chehaoduo$10bn
Marketplace. Valued at $10bn (July 2021).
HeyTea$9.3bn
Retail. Valued at $9.3bn (July 2021).
WeDoctor$6.8bn
Healthcare. Valued at $6.8bn (February 2021).
Ziroom$6.6bn
Real estate technology. Valued at $6.6bn (March 2020).
Xingsheng Youxuan$6bn
Retail. Valued at $6bn (January 2021).
Animoca Brands$5bn
Hello TransTech$5bn
Transportation. Valued at $5bn (March 2021).
Megvii$4bn
Chinese technology company.
Shouqi$3.55bn
Transportation. Valued at $3.55bn (December 2016).
Youxia Motors$3.3bn
Electric vehicles. Valued at $3.3bn (October 2018).
Souche$3bn
Marketplace. Valued at $3bn (September 2018).
VANCL$3bn
E-commerce. Valued at $3bn (February 2014).
VIPKID$3bn
Education. Valued at $3bn (June 2018).

WeLab$1bn
Hong Kong financial technology company.
Research labs

01.AILab
Yi model family.
BAAILab
Beijing Academy of Artificial Intelligence.
BaichuanLab
Language models with a focus on medicine.
Baidu ResearchLab
Baidu's research arm behind ERNIE.

ByteDance SeedLab
ByteDance's foundation model team.

DeepSeekLab
Open-weight reasoning and coding models.
iFlytek ResearchLab
Speech and language AI.
MiniMaxLab
Text, speech and video foundation models.
Moonshot AILab
Long-context models behind Kimi.

Qwen (Alibaba)Lab
Alibaba's open Qwen model family.
Shanghai AI LaboratoryLab
State-backed lab behind InternLM.

StepFunLab
Multimodal Step model family.

Tencent AI LabLab
Tencent's research lab for ML and games.
Zhipu AILab
GLM model family from a Tsinghua spin-out.
Startups

Strikingly
The easiest way to create a beautiful, mobile optimized website.

iLabService
AIoT monitoring, workflow, and evidence systems for regulated labs.

JuziBotHiring
Intercom for WeChat, help companies to acquire, engage, retain…

Taobotics
Autonomous robots for retails.
58 Daojia
8BitDo
Game controller manufacturer.

Adspin.io
Aero Engine Corporation of China
Chinese aircraft engine manufacturer.

AfterShip
E-commerce post-purchase software company.
Anker
Brand of electronics and accessories.
Attackshark
Gaming peripherals brand.

AYANEO

Baseus
Chinese mobile phone accessories brand.
BeiBei
Beijing Koudai Technology Co.,Ltd.

Bilibili
Chinese video sharing website.

Cainiao
Package delivery service in China.

Changsha Tianyi Space Science and Technology Research Institute Co. Ltd.
Chinese satellite technology company.
Changxin Memory Technologies
Chinese semiconductor manufacturer.
China Aviation Industry General Aircraft
Chinese aircraft manufacturer.

Cogobuy
Chinese enterprise service platform.
Comac
Chinese state-owned aerospace manufacturer.

Contemporary Amperex Technology Co. Limited
Chinese battery company.
CukTech
Chinese electronics company.
Deemos
Didi Dache
EHang
Company that develops and manufactures UAVs and PAVs.

Ele.me
Online food delivery and local life service platform.
Espressif Systems
Chinese Semiconductor Company.
ExPace
Chinese state-owned company.

Freightos
Israeli logistics company.

Galactic Energy
Chinese aerospace company.
GELID Solutions

Goodesign
AI-powered interior design and virtual staging platform.
Gowin Semiconductor
Semi-conductor maker company, specialized in FPGA.
Haizol
HangZhou PinMing Software Co,.ltd

HKTV
Hong Kong-based e-commerce company.
Honor
Chinese smartphone brand.
Horizon Robotics
Chinese AI chip company.

HuoRong Security
i-Space
Chinese private space launch company.
iCarbonX
Chinese AI-driven healthcare and biotechnology company.

iQOO
Chinese smartphone subbrand of Vivo.
IReaderTechnology Co., Ltd.
JiKiPedia
JOYY
Chinese internet company.
juwai.com
Property website, E-commerce service.
Keychron
Hong Kong-based manufacturer of computer peripherals.
Kuaishou
KuangChi Science Limited
Chinese-based active global investor in international technology companies and R&D company for metamaterials, industrial photonics, and space technology.

Lamabang
LandSpace
Chinese private space launch company.
LeEco
Chinese company founded by Jia Yueting, the founder of Le.com.
LinkSpace
Chinese private space launch company.

Lisuan Tech
Chinese GPU company.
M5Stack
Chinese technology company.
Makeblock
Chinese technology company.

Meitu
Chinese technology company.

Meituan
Chinese group buying website.

Mercury Technology Solution Company Limited
Asia-based software development and digital consulting firm.
Mogujie
Chinese social media and e-commerce platform.
MoneyHero.com.hk
Online financial comparison service in Hong Kong.
MoreTV
Nubia Technology
OneSpace
Chinese Space Launch Company.
Pactera
Chinese multinational IT consulting & outsourcing company.
Price
Hong Kong website.
Pudu Robotics
Chinese Robotics company.

Pylon Technologies Co., Ltd.
An energy storage battery system R&D company in Shanghai, China.
Qima Investment Limited
RatingDog

Realme
Chinese consumer electronics manufacturer, a sub-brand of Oppo.

Riitek
Chinese manufacturer of consumer electronics.

RivetDoc
AI-enabled financial research workspace for Hong Kong Stock Exchange filings.
Romoss
Chinese electronics company.
SenseTime
Computer vision and the SenseNova models.

Shanghai PEKON Digital Technology
Chinese retail technology company providing smart retail systems, CRM and B2B ordering platforms for brand retailers.

Shein
Chinese-Singaporean online fashion retailer.
Sinotrans Changhang Group
Logistic company in China.
Smartisan
Chinese technology company.
Snowball
SVOLT Energy Technology Co., Ltd.
Chinese lithium battery manufacturing company.

Tantan

Tentamus Group
Three Squirrels
E-commerce company in China.
Titan Army
Chinese display technology company.
Tujia
Ugreen
Chinese electronics company.

Unitree
Quadruped and humanoid robots.