11 MOST POWERFUL CHINESE STARTUPS

I would say, it’s not only powerful, but also valuable! Check out the countdown below…

11. MoGuJie (蘑菇街)

Valued at: $1 billion

Total funding: $200 million

MoGuJie is the Pinterest’s Chinese version, Mogujie lets women create photo collages, but it’s figured out how to turn those dreams into actual money for merchants. The WSJ reported in March that the site was looking to raise another $300 million at a $2 billion valuation, so it’s still climbing.

10. TuJia (途家)

Valued at: $1 billion

Total Funding: $400 million

If MoGuJie is the clone of Pinterest, then TuJia is the clone of Airbnb. TuJia takes responsibility for inspecting and cleaning the apartments, compared to Airbnb’s hands-off booking-only approach. Investors have noticed its local success, although its billion-dollar valuation is dwarfed by Airbnb’s $25.5 billion one.

9. KouDai Shopping (口袋购物)

Valued at: $1.45 billion

Total Funding: $362 million

This shopping app is two-faced: one allows merchants to sell their items on WeChat and Weibo, while a consumer app lets shoppers buy directly. This website is believed to compete with Alibaba’s Taobao (a shopping website that every foreigner will surely miss once they leave China!)

8. ELeMe (饿了么)

Valued at: $3 billion

Total Funding: $1.09 billion

When I’m in the office, and it’s raining outside or I’m lazy to go out, I usually order my lunch from this super useful App. Not only convenient, but you can get discount too! In China, in general if you eat small restaurant’s food, you’ll only spend $1.5, but if you use this app, you can get discount! Imagine, how cheap is it

7. VANCL

Valued at: $3 billion

Total Funding of $522 million

VANCL is an online only clothing retailer in China geared toward young adults, similar in ways to Japan’s Uniqlo retailer. VANCL, though, only sells online. The once-hot startup was rumored to IPO in 2011, but has had a hard time retaining market share with China’s e-commerce boom.

6. DJI Innovations

Valued at: $8 billion

Total Funding: $100 million

DJI makes the most popular consumer drone in the world, even the one that infamously crashed onto the White House lawn. The drone manufacturer has made more than $1 billion in sales and sold 400,000 drones in the last year alone. A $75 million round in May was the first official investment in the company, although it’s estimated that it’s taken in an additional $30 million in venture capital in the first couple of years.

5. ZhongAn Online (众安保险)

Valued at: $8 billion

Total Funding: $934 million

Zhong An is an online insurance company and a partnership between Chinese heavyweights Alibaba and Tencent. The company raised almost $1 billion in June in a round led by Morgan Stanley, marking Zhong An as a serious competitor in taking the insurance industry online.

4. Lufax

Valued at: $10 billion

Total Funding: $495 million

Lufax (Shanghai Lujiazui International Financial Asset Exchange) is an online Internet finance marketplace. There are reportedly more than 1,500 peer-to-peer lending startups in China, but four-year-old startup Lufax is the biggest. As of July 1, it had 10 million registered users.

3. DiDi KuaiDi (弟弟快递)

Valued at: $16.5 billion

Total Funding: $4 million

DiDi KuaiDi is an Uber like app that is very helpful for Chinese citizen to grab taxi.

2. MeiTuan – DianPing

Valued at: $20 billion

Total Funding: > $2.51 billion

This is my favorite app! Yeay!!! Using this app, you can find many restaurants with their review and price range. You also can see the food that they serve, how the restaurants look like. Not only food, but also massage place, hair salon, KTV (karaoke), etc. The good thing is, you can buy coupon, which you can get discount using it. It also connects to the map that can direct you how to reach the place that you want to go.

1. XiaoMi (小米)

Valued at: $46 billion

Total Funding: $2.45 billion

This “it” China’s largest smartphone maker that everybody knows, is the second most-valuable private tech company in the world, trailing only behind Uber.