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
JD Digits brings the newly designed universal robotic chassis, an intelligent inspection robot and its urban computing system to CES 2019. [Photo provided to chinadaily.com.cn]
No 6 (tie) DJI
Industry: Robots
Valuation: 100 - 150 billion yuan
An employee holds the new DJI Mavic 2 Pro drone a day after its release at DJI's flagship store in Hong Kong, Aug 24, 2018. [Photo/IC]
No 6 (tie) Cainiao
Industry: Logistics service
Valuation: 100 - 150 billion yuan
A parcel delivered by the Cainiao Network, the logistics unit of Chinese e-commerce giant Alibaba, is seen in Ji'nan, East China's Shandong province, Nov 27, 2017. [Photo/IC]
No 5 WeBank
Industry: Internet finance
Valuation: 150 - 200 billion yuan
Pedestrians walk past an advertisement for WeBank in Shanghai, Sept 21, 2018. [Photo/IC]
No 4 Lu.com
Industry: Internet finance
Valuation: 250 - 300 billion yuan
A view of a sign for Lu.com, formerly called Lufax.com, an online lending platform in Shanghai, July 6, 2018. [Photo/IC]
No 3 Didi Chuxing
Industry: Internet service
Valuation: 300 - 500 billion yuan
A view of the logo of taxi-hailing and car service Didi Chuxing in Hangzhou, East China's Zhejiang province, Sept 4, 2018. [Photo/IC]
No 2 Toutiao
Industry: Culture and Entertainment
Valuation: 500 billion - 1 trillion yuan
File photo of Toutiao, a popular news app, which provides valuable and personalized information for users in China. [Photo provided to China Daily]
