Top 5 Great Startups in China 2024

China is known for its exponential economic growth in the recent decades. The country has also a great startup ecosystem. Recently few startups have grown exponentially, So in this article we’ll discuss 5 emerging startups in China 2024.

1. ByteDance

ByteDance fairly popular worldwide as they have developed famous video sharing platform TikTok & Douyin. The company has also made a news platform named Toutiao. The company ByteDance was founded by Zhang Yiming & Liang Rubo in 2012. Let’s discuss some more details about ByteDance in detail:

Details of ByteDance

State: Shanghai
City: Shanghai
Established in: 2012
Founders: Yiming Zhang
Industries Active : Artificial Intelligence, Content, Data Mining, Machine Learning
Number of employees: 10001+
Funding raised: $9,405,000,000
Funding rounds: 12
Number of investors: 29 (SoftBank, Goldman Sachs, General Atlantic, DST Global, GGV Capital)

2. WeRide

WeRide is the first startup in the world who has permits for driverless cars in the USA and as well as China. WeRide has raised investments from top tier investors, private equity firms and venture capitalists.

WeRide has also raised investments from top automobile giants including Renault-Nissan-Mitsubishi Alliance and Yutong Group.

Details of WeRide startup

State: Guangdong
City: Guangzhou
Established in: 2017
Name of the founders: Qing Lu, Tony Han, Yan Li
Industries: Artificial Intelligence, Autonomous Vehicles, Computer, Software
Number of employees: 251-500
Funding raised till now: $620,000,000
Funding rounds: 6
Number of investors: 24 (SenseTime, IDG Capital, Qiming Venture Partners, Idinvest Partners, Sinovation Ventures)

3. Horizon Robotics

Horizon Robotics is one of the leading providers of ADAS & AD solution for passenger vehicles. Also they are one of the emerging startups in China. They focus son building great technologies and solid algorithms that enhances the safety and experience of autonomous and assisted driving of the drivers and the passengers.

Details of Horizon Robotics startup

State: Beijing
City: Haidian
Established in: 2015
Name of the founders: Annie Tao, Chang Huang, Kai Yu, Ming Yang
Industries: Artificial Intelligence, Autonomous Vehicles, Machine Learning, Robotics
Number of employees: 251-500
Funding raised till now: $1,600,300,002
Funding rounds: 8
Number of investors: 42 (Intel Capital, Sequoia Capital, Vertex Ventures, ZhenFund, Sinovation Ventures)

4. DJI

DJI is the no.1 drone manufacturer in the world with 70 percent share in the civilian drone market. It was founded back in 2006. This startup company in China has a magnificent valuation of $10 billion.

Details of DJI

State: Guangdong
City: Shenzhen
Started in: 2006
Founders: Frank Wang
Industries: Aerospace, Consumer Electronics, Drones, Manufacturing, Photography, Wireless
Number of employees: 10001+
Funding: $105,000,000
Funding rounds: 3
Number of investors: 3 (Sequoia Capital China, Accel, Lighthouse Capital Management)

5. JD.com

JingDong also called JD.com started off as a pioneer in the e-commerce industry and now it has expanded and proved themselves worthy in the supply chain technology and service provider in their core.

JingDong is well known for its dominance in the supply chain technology while spreading out to sectors like retail, technology, logistics and healthcare etc. They aim to turn tradition business models with latest technology and digital solutions.

Details of JD.com

State: Beijing
City: Beijing
Founded in: 2007
Name of the founders: Yuanhai Li
Industries: Delivery, Delivery Service, E-Commerce, Logistics, Transportation
Number of employees: 10001+
Funding raised till now: $2,500,000,000
Funding rounds: 2
Number of investors: 12 (Tencent, Sequoia Capital China, Hillhouse Capital Group, K3 Ventures, K11 Investment)

Conclusion : Great Startups in China 2024

These startups mentioned above are some of the great startups in China that are well established in sectors like technology, retail and logistics. If you really enjoyed reading this article do let us know. We’d like to create more blogs of great startups around the world.

Top 5 Great Startups in China 2024

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