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Writer's pictureKa Cheng Chan

Top 5 Startups in China in 2024

Updated: Jul 11


Top Startups in China: DJI


Founded in Shenzhen in 2006, DJI has gone on to become the world's No. 1 drone manufacturer, with a 70 per cent share of the global civilian drone market and a valuation of more than US$10 billion. 


About the copmany


  • 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)


DJI

Top Startups in China: JD.com


JD.com also known as JINGDONG, has evolved from a pioneering e-commerce platform into a leading technology and service provider with supply chain at its core. Renowned for its supply chain innovation and excellence, the company has expanded into sectors including retail, technology, logistics, healthcare, and more, aiming to transform traditional business models with cutting-edge digital solutions.


About the copmany


  • State: Beijing

  • City: Beijing

  • Started in: 2007

  • Founders: Yuanhai Li

  • Industries: Delivery, Delivery Service, E-Commerce, Logistics, Transportation

  • Number of employees: 10001+

  • Funding: $2,500,000,000

  • Funding rounds: 2

  • Number of investors: 12 (Tencent, Sequoia Capital China, Hillhouse Capital Group, K3 Ventures, K11 Investment)


JD.com

Top Startups in China: ByteDance


Founded by Zhang Yiming, Liang Rubo and a team of others in 2012, ByteDance developed the video-sharing apps TikTok and Douyin. The company is also the developer of the news platform Toutiao.


About the copmany


  • State: Shanghai

  • City: Shanghai

  • Started in: 2012

  • Founders: Yiming Zhang

  • Industries: Artificial Intelligence, Content, Data Mining, Machine Learning

  • Number of employees: 10001+

  • Funding: $9,405,000,000

  • Funding rounds: 12

  • Number of investors: 29 (SoftBank, Goldman Sachs, General Atlantic, DST Global, GGV Capital)


ByteDance

Top Startups in China: Horizon Robotics


Horizon Robotics is a leading provider of ADAS and AD solutions for passenger vehicles, empowered by its proprietary software and hardware technologies. Its solutions combine cutting-edge algorithms, purpose-built software and state-of-the-art processing hardware, providing the core technologies for assisted and autonomous driving that enhance the safety and experience of drivers and passengers.


About the copmany


  • State: Beijing

  • City: Haidian

  • Started in: 2015

  • Founders: Annie Tao, Chang Huang, Kai Yu, Ming Yang

  • Industries: Artificial Intelligence, Autonomous Vehicles, Machine Learning, Robotics

  • Number of employees: 251-500

  • Funding: $1,600,300,002

  • Funding rounds: 8

  • Number of investors: 42 (Intel Capital, Sequoia Capital, Vertex Ventures, ZhenFund, Sinovation Ventures)


Horizon Robotics

Top Startups in China: WeRide


WeRide is a global leading company that develops Level 4 autonomous driving technologies, bringing smart cities with new products, new business model and new experience. WeRide has received strategic investments from top-tier global automakers, including Renault-Nissan-Mitsubishi Alliance and Yutong Group. 

WeRide is the first startup in the world that holds driverless test permits in both China and the US.


About the copmany


  • State: Guangdong

  • City: Guangzhou

  • Started in: 2017

  • Founders: Qing Lu, Tony Han, Yan Li

  • Industries: Artificial Intelligence, Autonomous Vehicles, Computer, Software

  • Number of employees: 251-500

  • Funding: $620,000,000

  • Funding rounds: 6

  • Number of investors: 24 (SenseTime, IDG Capital, Qiming Venture Partners, Idinvest Partners, Sinovation Ventures)


WeRide

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