13 'Unicorn' companies (valued at over $1 billion) in Hangzhou

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A unicorn is a startup company valued at over $1 billion. The term was coined in 2013 by venture capitalist Aileen Lee, choosing the mythical animal to represent the statistical rarity of such successful ventures.

Top five Chinese cities with most 'unicorns'

Beijing topped the list of cities with the most "unicorn" companies, with 54 startups according to the Hurun Greater China Unicorn Index 2017 released Dec 21.

Shanghai took second position with 28 unicorns, and Hangzhou followed Shanghai with 13 unicorns.

Notably, the 13 unicorn companies in Hangzhou have a higher total estimated value than the 28 unicorns in Shanghai combined.

Unicorns in Hangzhou

1

Ant Financial 蚂蚁金服

Value: 400 billion yuan

Ant Financial is an online payment services provider that enables individuals and businesses to execute payments online in a secure manner which runss the Alipay mobile wallet app.

2

Koubei 口碑

Value: 50 billion yuan

Koubei helps people find deals at restaurants, KFC, gyms, karaoke bars, and other local venues.

3

Taopiaopiao 淘票票

Value: 10 billion yuan

Taopiaopiao (Previously know as Taobao Film) is an entertainment industry sales platform.

4

We Doctor 微医集团

Value: 10 billion yuan

We Doctor Group (previously known as guahao.com) is an online medical service provider.

5

Mogujie 蘑菇街

Value: 10 billion yuan

A buyer-based social network service that provides services to female internet users in China.

6

PingPong 呯嘭科技

Value: 10 billion yuan

PingPong is payment facilitator that provides a specialized payment service for Chinese e-commerce sellers.

7

Cgtz.com 草根投资

Value: 10 billion yuan

Cgtz.com is an internet finance rights financial platform.

8

Weidai 微贷网

Value: 7 billion yuan

Weidai is a Hangzhou-based P2P lending platform

9

Netease Cloud Music 网易云音乐

Value: 7 billion yuan

Music.163.com focuses on finding and sharing music.

10

Beibei 贝贝网

Value: 7 billion yuan

BeiBei.com is a China based e-commerce company that sells kids' clothes, toys, accessories etc. online.

11

51 Credit Card 51信用卡

Value: 7 billion yuan

51 Credit Card is China's credit card bill management tools, financial management, and financial services platform loans.

12

DT Dream 数梦工场

Value: 7 billion yuan

DT Dream is a cloud and data-based platform based in Hangzhou, China.

13

CHEMAO 车猫

Value: 7 billion yuan

Chemao is a transaction services site for secondhand cars

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