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

Industry: Logistics service

Valuation: 80 - 100 billion yuan


A stand for JD Logistics is seen at an expo in Shenzhen, South China's Guangdong province, Oct 11, 2018. [Photo/VCG]

No 6 (tie) Kuaishou

Industry: Culture and Entertainment

Valuation: 100 - 150 billion yuan

The Chinese popular short video app Kuaishou, or Kwai, is visible on a smartphone in Hong Kong, Jan 16, 2018. [Photo/VCG]

No 6 (tie) JD Digits

Industry: Internet service

Valuation: 100 - 150 billion yuan

 

No 6 (tie) DJI

Industry: Robots

Valuation: 100 - 150 billion yuan

 

No 6 (tie) Cainiao

Industry: Logistics service

Valuation: 100 - 150 billion yuan

No 5 WeBank

Industry: Internet finance

Valuation: 150 - 200 billion yuan

No 4 Lu.com

Industry: Internet finance

Valuation: 250 - 300 billion yuan

No 3 Didi Chuxing

Industry: Internet service

Valuation: 300 - 500 billion yuan

No 2 Toutiao(Bytedance)

Industry: Culture and Entertainment

Valuation: 500 billion - 1 trillion yuan

No 1 Ant Financial

Industry: Internet finance

Valuation: Over 1 trillion yuan

A logo for Ant Financial, the financial arm of e-commerce giant Alibaba, is seen in Hangzhou, Zhejiang province. [Photo/VCG]

This is an article produced by China Daily.