China's top 10 unicorns in estimated values 2018

Ant Financial, Alibaba's financial arm, boasts the highest valuation among Chinese unicorn companies, according to a report released by Hurun Research Institute recently.

With a business value of over 1 trillion yuan ($148 billion), Ant Financial topped the list, followed by news aggregator Toutiao under Bytedance (500 billion yuan) and ride-sharing firm Didi Chuxing (300 billion yuan).

The report selected 186 companies, each having external financing and a valuation over $1 billion as of Dec 31 in 2018. Let's take a look at China's top 10 unicorns in estimated values last year. Note that the numbering includes four companies tied at No 6.

No 10 JD Logistics