Kuaishou · 快手
China's No.2 short-video platform: 400m+ daily users and a live-commerce base in lower-tier cities. Market cap approx. USD 16.6 bn.
Chinese brands · Technology
China's technology economy in one place — social, gaming, e-commerce, local services, logistics, fintech, cloud, enterprise software, AI, robotics and semiconductors. This is the depth of the market that is now looking outward.
How to read this
This wall is evidence of scale, not a list of confirmed advertisers. Databases, chip makers and operating-system vendors do not buy billboards. The game studios, the e-commerce platforms, the phone makers, the short-drama apps and the cross-border tools do — and they buy outside China first.
Read it the way an investor reads a market: 297 companies, most of them listed, covering every layer of a technology economy. The ones with foreign users are the ones whose marketing money leaves China. Those are the clients we are bringing to your inventory.
Market capitalization is given in US dollars with tenge equivalents at the rate the National Bank of Kazakhstan published on 6 October 2026 (455 KZT/USD).
SOCIAL & CONTENT COMMUNITIES
27 brands
China's No.2 short-video platform: 400m+ daily users and a live-commerce base in lower-tier cities. Market cap approx. USD 16.6 bn.
China's largest lifestyle community — around 300m monthly users and the default research step before a purchase. Market cap est. USD 4.0-5.7 bn.
China's largest youth video community: anime, gaming and long-form knowledge content. Market cap approx. USD 6.2 bn.
China's public square — where trending news breaks and where brands buy reach. Market cap approx. USD 1.6 bn.
China's largest question-and-answer knowledge community, at the top of the funnel for considered purchases. Market cap approx. USD 0.29 bn.
Owner of Momo and Tantan, in China's first tier of stranger-social apps. Market cap approx. USD 0.67 bn.
A China-born social group (MICO, Yumy) that monetises in the Middle East and South Asia — global from day one. Market cap approx. USD 1.7 bn.
Veteran live-streaming group behind BIGO and Likee, with strong Middle East and Southeast Asia bases. Market cap approx. USD 3.9 bn.
China's largest anonymous social app, built on matching rather than looks. Market cap est. USD 0.70-1.5 bn.
The world's largest games company by revenue — Honor of Kings and PUBG Mobile.
China's No.2 games company, known for long-running self-developed franchises. Market cap approx. USD 76.4 bn.
One of the world's most valuable private technology groups: Douyin and TikTok under one roof. Not listed; no public market cap.
The export flagship of Chinese technology, with more than 1.5bn monthly users. Not listed; no public market cap.
China's No.1 short-video platform: 700m+ daily users and the country's biggest live-commerce engine. Not listed; no public market cap.
The company that invented algorithmic news feeds in China. Not listed; no public market cap.
China's most valuable internet company — social, gaming, payments and cloud.
China's super-app with 1.3bn+ monthly users; national infrastructure as much as a product. Not listed; no public market cap.
China's original mass-market messenger, still at 500m-scale monthly users. Not listed; no public market cap.
China's search leader and the most heavily invested old-guard player in AI models. Market cap approx. USD 29.4 bn.
China's No.2 games company, with music, education and mail attached. Market cap approx. USD 76.9 bn.
One of China's first web portals; profits now come mainly from its Changyou games unit. Market cap approx. USD 0.33 bn.
A veteran portal and Weibo's parent, taken private. Not listed; no public market cap.
The most influential book, film and music rating community in the Chinese language. Not listed; no public market cap.
China's largest vertical sports community, with a distinct male-fan culture. Not listed; no public market cap.
China's largest professional networking platform. Not listed; no public market cap.
China's largest investing community and the home of its value investors. Not listed; no public market cap.
The only listed shopping-guidance community in China — a standard step in purchase decisions. Market cap approx. USD 1.1 bn.
GAMING
22 brands
China's No.3 games company by revenue; Genshin Impact opened the global anime open-world genre. Market cap est. USD 30.0-50.0 bn.
Overseas publisher of casual and strategy titles, tied to the FunPlus and Century Huatong network. Not listed; no public market cap.
Casual match-3 developer that earns its revenue in Europe and North America. Not listed; no public market cap.
Top-tier Chinese strategy developer and publisher (Rise of Kingdoms, AFK Arena). Market cap est. USD 1.0-2.0 bn.
A small and mid-size self-publishing games studio. Not listed; no public market cap.
Chinese overseas publisher known for realistic medieval-war strategy titles. Not listed; no public market cap.
One of the A-share games leaders, with the industry's strongest paid-acquisition machine. Market cap approx. USD 5.7 bn.
ByteDance-owned studio behind Mobile Legends, Southeast Asia's national-level MOBA. Market cap on parent group: USD 50.0 bn.
China's No.1 studio for female-oriented games — the Mr Love series and Infinity Nikki. Market cap est. USD 1.0-2.0 bn.
Developer of Wuthering Waves and one of China's strongest new anime-action studios. Market cap est. USD 0.40-1.0 bn.
Developer of Arknights — an art- and reputation-driven Chinese studio. Market cap est. USD 0.40-1.0 bn.
Veteran Chinese strategy publisher; State of Survival has stayed on Western top-grossing charts. Market cap est. USD 1.0-2.0 bn.
Hong Kong-listed overseas strategy specialist behind Lords Mobile. Market cap approx. USD 0.44 bn.
Old-guard A-share games-and-film group from China's PC-gaming era. Market cap approx. USD 2.8 bn.
A-share games company running the long-lived Zheng Tu franchise. Market cap approx. USD 6.4 bn.
A-share games firm strong in the Legend genre and web-to-mobile conversions. Market cap approx. USD 5.1 bn.
A Chinese leader in card and casual games, mainly for China and Southeast Asia. Not listed; no public market cap.
Owner of Shengqu Games and a principal operator of the Legend IP. Market cap approx. USD 15.2 bn.
Parent of Leiting Games and one of the highest-margin companies on the A-share market. Market cap approx. USD 3.6 bn.
Operator of TapTap, one of China's largest game communities and distribution channels. Market cap approx. USD 2.4 bn.
Pioneer of China's browser-game and mini-game portals. Not listed; no public market cap.
A leader in casual and card games going overseas. Not listed; no public market cap.
E-COMMERCE & RETAIL
16 brands
China's largest e-commerce and cloud group: Taobao and Tmall, Alibaba Cloud and Cainiao.
China's largest value e-commerce platform by market value, with Temu as its global second curve.
The world's largest fast-fashion direct-to-consumer site, built on small-batch flexible manufacturing. Market cap est. USD 30.0-60.0 bn.
China's largest first-party retailer, with self-built logistics and a deep 3C and appliance franchise. Market cap approx. USD 35.5 bn.
China's largest branded-discount e-commerce platform. Market cap approx. USD 6.0 bn.
China's largest trend and sneaker platform, trading on authentication first. Market cap est. USD 1.0-2.0 bn.
China's largest C2C second-hand marketplace, inside Alibaba.
A leading Chinese second-hand 3C platform, built on inspection and buy-back. Market cap est. USD 0.20-0.60 bn.
A top Chinese cross-border store-building SaaS, positioned against Shopify. Market cap est. USD 0.10-0.40 bn.
New Oriental's livestream commerce arm and the pioneer of knowledge-led selling. Market cap approx. USD 3.4 bn.
Livestream commerce and short-video marketing services provider listed in Shenzhen. Market cap approx. USD 0.76 bn.
China's first listed influencer-marketing company; WEIQ connects millions of creators. Market cap approx. USD 1.2 bn.
A top Chinese MCN running one of Douyin's largest selling matrices. Not listed; no public market cap.
A leading MCN with one of China's largest rosters of streamers. Not listed; no public market cap.
Xinba's livestream commerce group, integrating supply chain and talent incubation. Not listed; no public market cap.
The agency behind Li Jiaqi, one of China's top livestream commerce MCNs. Not listed; no public market cap.
LOCAL SERVICES & MOBILITY
15 brands
China's leading local-services platform — in-store plus delivery, the infrastructure of service retail. Market cap approx. USD 55.7 bn.
China's No.1 ride-hailing platform (about 70% share) and a major operator in Latin America. Market cap est. USD 2.0-4.0 bn.
China's No.1 intra-city freight platform, whose overseas brand is Lalamove. Market cap est. USD 1.0-2.5 bn.
China's largest digital road-freight platform (Yunmanman plus Huochebang). Market cap approx. USD 8.7 bn.
China's largest two-wheel shared-mobility platform, extending into carpooling and rentals. Market cap est. USD 0.40-1.0 bn.
China's No.1 mobile map and navigation app, inside Alibaba.
China's No.2 mobile map, forming a duopoly with Amap. Market cap on parent group: USD 29.6 bn.
China's largest property transaction and services platform, built on its ACN broker network. Market cap approx. USD 18.4 bn.
China's largest classifieds platform — jobs, property and used cars — taken private. Not listed; no public market cap.
A ride-hailing platform built by FAW, Dongfeng and Changan, strong in compliant capacity. Not listed; no public market cap.
China's No.1 carpooling platform, listed in Hong Kong. Market cap approx. USD 0.15 bn.
A veteran state-owned ride-hailing platform, known for premium chauffeur service. Not listed; no public market cap.
A 58-group property information platform, strong in resale and new-home traffic. Not listed; no public market cap.
China's leading online home-renovation platform. Not listed; no public market cap.
A leader in home-retail digitalization, running both stores and online channels. Market cap approx. USD 2.1 bn.
TRAVEL
7 brands
China's largest online travel platform and a global top-three OTA; Trip.com is its fastest-growing brand. Market cap approx. USD 24.1 bn.
China's No.2 online travel platform (Tencent-linked), strong in lower-tier cities and ticketing. Market cap approx. USD 2.9 bn.
Alibaba's online travel platform, aimed at outbound travel and younger users.
A Ctrip-group travel platform that began as a flight price-comparison search engine. Market cap on parent group: USD 24.1 bn.
One of China's largest home-sharing booking platforms, tied closely to the Ctrip ecosystem. Market cap est. USD 0.10-0.40 bn.
A leading Chinese short-let platform built around distinctive homes and host communities. Market cap est. USD 0.05-0.20 bn.
China's largest travel community and guide platform. Not listed; no public market cap.
LOGISTICS & SUPPLY CHAIN
20 brands
Alibaba's logistics network: global warehousing plus China's largest parcel pick-up network.
A China-and-Southeast-Asia parcel giant that fought its way into China's top five on price. Market cap approx. USD 11.0 bn.
China's most profitable and fastest express operator, the leader in premium and air freight. Market cap approx. USD 23.4 bn.
China's No.1 integrated supply-chain logistics provider by warehousing and fulfilment capability. Market cap approx. USD 8.3 bn.
China's parcel-volume leader for years running, with the industry's lowest cost per parcel. Market cap approx. USD 14.8 bn.
A top-three Chinese express operator and one of the listed Tongda-network leaders. Market cap approx. USD 9.1 bn.
A founding member of China's Tongda express network, in the top three to five by volume. Market cap approx. USD 3.3 bn.
A core Tongda-network express operator, consistently in China's top four by volume. Market cap approx. USD 3.0 bn.
A first-tier Chinese cross-border logistics group (GoodCang) with one of China's largest overseas warehouse networks. Market cap est. USD 0.40-1.0 bn.
A leading Chinese cross-border parcel service, strong in dedicated lines and postal channels. Market cap est. USD 0.10-0.40 bn.
A veteran Chinese cross-border logistics group working closely with Cainiao. Market cap est. USD 0.40-1.0 bn.
A first-tier Chinese digital international-logistics platform focused on online ocean booking. Market cap est. USD 0.10-0.40 bn.
China's leader in bulky and less-than-truckload logistics, now controlled by JD.com. Not listed; no public market cap.
A leading franchise-network LTL operator in China, taken private. Not listed; no public market cap.
A leader in time-definite air express between Chinese provinces. Not listed; no public market cap.
China's first listed on-demand, one-to-one delivery service. Market cap approx. USD 0.11 bn.
A first-tier instant-delivery operator inside the SF group. Market cap approx. USD 0.97 bn.
China's largest operator of smart parcel lockers. Not listed; no public market cap.
Operator of on-demand delivery and JD Daojia, taken private. Not listed; no public market cap.
A leader in bulky-item logistics and supply-chain services, part of the Haier group. Not listed; no public market cap.
FINTECH & PAYMENTS
18 brands
China's largest fintech group — Alipay, digital finance and the OceanBase stack. Not listed; no public market cap.
Tencent's payments and financial arm; WeChat Pay is one of China's two clearing networks.
China's largest private bank (Tencent-linked); Weilidai is its biggest online micro-loan product. Market cap est. USD 3.0-6.0 bn.
A Chinese cross-border and digital payment provider holding licences in several countries. Market cap approx. USD 0.46 bn.
A first-tier Chinese cross-border collection and payout platform for e-commerce sellers. Market cap est. USD 0.40-1.0 bn.
A first-tier B2B trade-payment platform for Chinese exporters, with built-in risk control. Market cap est. USD 0.40-1.0 bn.
A global cross-border payments and financial-infrastructure challenger built on multi-currency business accounts. Market cap est. USD 6.0-10.0 bn.
A leading online broker for Hong Kong and overseas markets, with a strong trading community. Market cap approx. USD 15.4 bn.
An online broker for Chinese-speaking investors across US and Hong Kong markets. Market cap approx. USD 0.79 bn.
China's first internet insurer, founded by Ant, Tencent and Ping An. Market cap approx. USD 2.0 bn.
A Hong Kong fintech group whose WeLab Bank is among the city's first virtual banks. Market cap est. USD 0.20-0.60 bn.
A Chinese instalment e-commerce and consumer-credit platform (Fenqile). Market cap approx. USD 0.11 bn.
A Chinese loan-facilitation company connecting borrowers with financial institutions. Market cap approx. USD 0.07 bn.
A leading Chinese third-party acquirer and the first payments company listed on the A-share market. Market cap approx. USD 2.3 bn.
A veteran Chinese third-party payment institution, taken private. Not listed; no public market cap.
The official mobile-payment brand of China UnionPay, at the core of the state payment system. Not listed; no public market cap.
A veteran Chinese third-party payment provider focused on industry solutions. Not listed; no public market cap.
A leading Chinese merchant-acquiring institution. Not listed; no public market cap.
LIVE STREAMING & A/V
8 brands
The most successful Chinese live-streaming export (Bigo Live, Likee), strongest in the Middle East and Southeast Asia. Market cap on parent group: USD 3.9 bn.
China's No.1 game-streaming platform (Tencent-linked), with the deepest streamer ecosystem. Market cap approx. USD 0.52 bn.
A first-tier global real-time audio and video cloud service with a strong developer ecosystem. Market cap approx. USD 0.35 bn.
A leading Chinese real-time A/V cloud vendor, strong in entertainment and overseas use cases. Market cap est. USD 0.05-0.20 bn.
NetEase's communications and A/V PaaS (IM plus RTC) for enterprise-grade stability and compliance. Market cap on parent group: USD 75.7 bn.
A veteran Chinese cloud storage and media service provider listed in Hong Kong. Market cap approx. USD 0.1 bn.
A first-tier Chinese long-form video platform with a large subscription base. Market cap approx. USD 0.96 bn.
Parent of Mango TV, the state-backed long-video platform with China's strongest in-house variety production. Market cap approx. USD 5.9 bn.
CLOUD SERVICES
13 brands
China's largest public cloud (about a third of the market) and a global top-three provider.
China's No.2 public cloud, strong in government and enterprise and differentiated by Ascend compute. Not listed; no public market cap.
China's No.3 public cloud, known for A/V, gaming and digitalization solutions.
China's No.4 public cloud, built around ERNIE models and intelligent transport. Market cap on parent group: USD 29.6 bn.
Among the largest independent Chinese cloud providers, listed in Hong Kong and the US and tied to Xiaomi. Market cap approx. USD 2.8 bn.
China's neutral third-party cloud provider, listed on the A-share market. Market cap approx. USD 1.9 bn.
A Chinese hybrid-cloud and cloud-native provider focused on enterprise private cloud. Market cap approx. USD 0.32 bn.
A Chinese edge-cloud and CDN provider that has filed for the STAR Market. Market cap est. USD 0.10-0.40 bn.
A veteran Chinese CDN and edge-computing leader serving top internet and government clients. Market cap approx. USD 5.5 bn.
A veteran Chinese cloud storage and CDN provider, strong with developers. Market cap est. USD 0.05-0.20 bn.
China Telecom's cloud arm — the No.1 state-owned cloud and a domestic top-three by revenue. Market cap approx. USD 52.8 bn.
China Mobile's cloud arm, the fastest-growing state-owned cloud.
China Unicom's cloud arm, the third pole of China's state-owned clouds. Market cap approx. USD 21.7 bn.
COLLABORATION & ENTERPRISE SERVICES
21 brands
China's No.1 office-software maker (WPS) and a successful subscription conversion. Market cap approx. USD 15.1 bn.
China's largest enterprise collaboration platform with 600m+ users, inside Alibaba.
ByteDance's collaboration platform, known for documents, multi-dimensional tables and OKRs in one place. Market cap on parent group: USD 50.0 bn.
China's No.2 enterprise platform; direct integration with WeChat is its unique advantage.
China's No.1 cloud video-conferencing software, adopted nationwide.
A leading Chinese smart-commerce SaaS (Tencent-linked) combining private-domain operations and ad agency work. Market cap approx. USD 0.41 bn.
China's largest talent-management SaaS (HCM) and an integrated HR platform. Market cap approx. USD 0.29 bn.
A first-tier Chinese CRM vendor focused on mid-size and large enterprises. Market cap est. USD 0.20-0.60 bn.
A top Chinese CRM vendor (Tencent-backed) known for its customer-centric product approach. Market cap est. USD 0.20-0.60 bn.
China's leading real-estate digitalization software vendor (ERP and SaaS). Market cap approx. USD 0.21 bn.
China's No.2 enterprise management software (ERP) vendor and the most thorough cloud convert. Market cap approx. USD 3.3 bn.
China's No.1 server shipper and a leading global supplier of AI servers. Market cap approx. USD 14.4 bn.
A top Chinese IT services firm and one of Huawei's largest ecosystem partners. Market cap approx. USD 5.4 bn.
A state champion in domestic IT and a major shareholder in Kylinsoft and Dameng. Market cap approx. USD 4.3 bn.
China's No.1 IT distributor, now converting into cloud and domestic-technology services. Market cap approx. USD 3.5 bn.
China's No.1 insurance IT vendor, with leading share in financial-industry software. Market cap approx. USD 1.7 bn.
Huawei's largest IT outsourcing partner and a top Chinese IT services provider. Market cap approx. USD 1.4 bn.
A leading Chinese collaboration (OA) software vendor and the first listed OA company in China. Market cap approx. USD 1.6 bn.
A veteran Chinese software group, leading in social-security and healthcare IT. Market cap approx. USD 1.4 bn.
A collaboration-management software vendor listed on the STAR Market. Market cap approx. USD 0.33 bn.
A leader in collaboration and knowledge management, part-owned by Alibaba. Not listed; no public market cap.
INDUSTRIAL & VERTICAL SOFTWARE
16 brands
China's No.1 process-industry automation (DCS) vendor. Market cap approx. USD 9.4 bn.
China's No.1 hotel and F&B IT vendor, with the widest global hotel-systems footprint of any Chinese company. Market cap approx. USD 3.0 bn.
China's No.1 CAD/CAM industrial design software vendor and the main domestic substitute. Market cap approx. USD 1.3 bn.
China's No.1 steel-industry IT and industrial-internet vendor, part of the Baosteel group. Market cap approx. USD 7.5 bn.
A leading Chinese industrial automation (DCS/PLC) vendor, taken private from Nasdaq. Not listed; no public market cap.
China's No.1 construction digitalization software vendor, dominant in cost-estimating software. Market cap approx. USD 2.1 bn.
China's No.1 EDA vendor and the only full-flow domestic supplier for analogue circuits. Market cap approx. USD 6.9 bn.
A leading Chinese manufacturing ERP vendor with deep discrete-manufacturing coverage. Market cap approx. USD 1.5 bn.
An enterprise digitalization services firm focused on manufacturing and ERP implementation. Market cap approx. USD 1.7 bn.
A veteran Chinese enterprise digitalization services firm that grew up on SAP and Oracle delivery. Market cap approx. USD 2.4 bn.
A Chinese smart-manufacturing and industrial-software services firm focused on high-end equipment. Market cap approx. USD 1.5 bn.
A Chinese industrial automation and industrial-internet vendor. Not listed; no public market cap.
China's No.1 domestic SCADA software vendor; KingView is the reference domestic HMI product. Market cap est. USD 0.10-0.40 bn.
A Chinese domestic SCADA and industrial-monitoring software vendor. Not listed; no public market cap.
A Chinese industrial software and systems-engineering vendor focused on knowledge automation. Market cap est. USD 0.10-0.40 bn.
One of China's largest CAE simulation software and services providers. Market cap est. USD 0.20-0.60 bn.
INFRASTRUCTURE SOFTWARE, DATABASES & OS
21 brands
The global face of Chinese distributed databases (TiDB), built on open source plus cloud. Market cap est. USD 1.0-3.0 bn.
Ant's in-house distributed database, No.1 in Chinese financial-grade databases, now a standalone company.
Tencent's distributed database, running core systems at many Chinese banks.
Huawei's open-source relational database community and a pillar of China's domestic database stack. Not listed; no public market cap.
China's leading domestic database vendor and a core domestic-substitution asset. Market cap approx. USD 3.1 bn.
A leading Chinese domestic database vendor (China Electronics), strong in government substitution. Market cap est. USD 1.0-3.0 bn.
A veteran Chinese domestic database vendor with both analytical and transactional lines. Market cap est. USD 0.30-0.80 bn.
A Chinese domestic database vendor serving government and defence users. Market cap est. USD 0.10-0.40 bn.
A globalising Chinese time-series database, driven by open source and overseas markets. Market cap est. USD 0.20-0.60 bn.
A Chinese open-source commercialisation leader (JumpServer, MeterSphere, DataEase). Market cap est. USD 0.20-0.60 bn.
China's No.1 graph database vendor. Market cap est. USD 0.10-0.40 bn.
China's No.1 independent instruction-set CPU company (LoongArch), listed on the STAR Market. Market cap approx. USD 5.9 bn.
A first-tier Chinese operating system vendor (UOS), leading in government desktop share. Market cap est. USD 1.0-3.0 bn.
China's No.1 domestic operating system (Kylin), under China National Software. Market cap on parent group: USD 4.3 bn.
A new-generation high-speed MPP database, commercialised by Jingzhou Technology. Not listed; no public market cap.
The commercial edition of Apache Doris, operated by Feilun Technology. Not listed; no public market cap.
An intelligent OLAP and metrics platform from the original Apache Kylin team. Not listed; no public market cap.
A distributed database vendor with strong adoption in financial services. Not listed; no public market cap.
Vendor of OushuDB, a cloud-native database. Not listed; no public market cap.
China's first listed big-data infrastructure software company. Market cap approx. USD 1.8 bn.
China's largest open-source server operating system community, led by Huawei. Not listed; no public market cap.
AI & ROBOTICS
17 brands
A first-tier Chinese autonomous-driving programme; Apollo Go runs one of the world's largest robotaxi fleets. Market cap on parent group: USD 29.6 bn.
China's foundation-model phenomenon, rewriting the global AI price curve with open weights. Market cap est. USD 30.0-60.0 bn.
Alibaba's Qwen family — No.1 globally in open-model downloads and derivative models.
China's most-used AI assistant app and ByteDance's consumer AI gateway. Market cap on parent group: USD 50.0 bn.
One of China's first-tier model developers, from Tsinghua, strong in GLM and government deployment. Market cap est. USD 3.0-8.0 bn.
One of China's first-tier model developers, monetising well abroad with Talkie. Market cap est. USD 3.0-8.0 bn.
One of China's first-tier model developers; Kimi built its niche on long-context ability. Market cap est. USD 3.0-5.0 bn.
China's No.1 listed speech-AI company, with the widest deployment in education, offices and cars. Market cap approx. USD 13.3 bn.
Tencent's in-house model family, embedded across WeChat and Tencent Cloud.
China's earliest-launched large-model product line and the core of Baidu's AI strategy. Market cap on parent group: USD 29.6 bn.
A leader of China's AI-vision first tier, converting into compute plus models. Market cap approx. USD 6.6 bn.
One of China's four AI-vision pioneers, listed in Shenzhen, focused on finance and government. Market cap approx. USD 1.5 bn.
One of China's four AI-vision pioneers, known for face recognition and the Hetu logistics robot. Market cap est. USD 1.0-2.5 bn.
One of China's four AI-vision pioneers, strong in medical AI and visual computing. Market cap est. USD 0.50-1.5 bn.
The global volume leader in quadruped and humanoid robots — China's standout robotics exporter. Market cap est. USD 5.0-15.0 bn.
The world's dominant consumer-drone maker (about 70% share) and a global imaging and robotics force. Market cap est. USD 15.0-30.0 bn.
China's No.1 enterprise decision-AI company, listed in Hong Kong. Market cap approx. USD 1.8 bn.
CROSS-BORDER SAAS & ADTECH
10 brands
A global leader in post-purchase and shipment-tracking SaaS for DTC brands. Market cap est. USD 0.50-1.5 bn.
A first-tier Chinese cross-border e-commerce ERP with leading user scale in listing tools. Market cap est. USD 0.30-0.80 bn.
A top Amazon-seller ERP in China, known for financial and advertising analytics. Market cap est. USD 0.30-0.80 bn.
A leading Chinese cross-border supply-chain ERP and overseas-warehouse management vendor. Market cap est. USD 0.30-0.80 bn.
A veteran Chinese cross-border ERP covering listing, orders and warehousing. Market cap est. USD 0.20-0.60 bn.
A leading data and BI tool for Chinese Amazon sellers. Market cap est. USD 0.10-0.40 bn.
A Chinese Amazon-seller ERP vendor. Not listed; no public market cap.
A leading Chinese overseas-marketing agency holding top-tier Meta and Google partnerships. Market cap est. USD 0.30-0.80 bn.
China's first listed overseas-marketing technology company, specializing in programmatic buying. Market cap approx. USD 3.0 bn.
An overseas-marketing agency inside the BlueFocus group. Not listed; no public market cap.
UTILITIES & GLOBAL APPS
12 brands
A global second-tier PDF software vendor with self-controlled document technology. Market cap approx. USD 0.76 bn.
China's No.1 listed consumer creative-software exporter — video, diagramming and documents. Market cap approx. USD 1.4 bn.
China's No.1 intelligent OCR vendor; CamScanner and CamCard have hundreds of millions of users. Market cap approx. USD 2.4 bn.
China's No.1 image-editing app developer, now converting to AI imaging and subscriptions. Market cap approx. USD 2.1 bn.
A Chinese developer of consumer utility apps for overseas markets. Not listed; no public market cap.
The world's largest third-party keyboard maker (Kika Keyboard) and a Chinese overseas-tools leader. Market cap est. USD 0.20-0.60 bn.
A veteran Chinese overseas internet group spanning games, Opera, AI and social. Market cap approx. USD 7.7 bn.
Parent of SHAREit, with more than 2bn users worldwide in transfer and content distribution. Market cap est. USD 0.50-1.5 bn.
Parent of WPS and Seasun Games — office software plus gaming. Market cap approx. USD 4.4 bn.
No.1 in input methods and No.2 in search, now folded into Tencent. Not listed; no public market cap.
China's best-regarded endpoint security software vendor. Not listed; no public market cap.
A veteran Chinese browser maker. Not listed; no public market cap.
CONTENT GOING GLOBAL
9 brands
A first-tier Chinese short-drama exporter (ReelShort) and the pioneer of the North American market. Market cap est. USD 1.0-3.0 bn.
China's largest online literature platform and the hub of IP-to-screen adaptation. Market cap approx. USD 2.5 bn.
China's largest free-to-read web-novel platform (ByteDance), which rewrote the industry with an ad model. Market cap on parent group: USD 50.0 bn.
China's No.2 digital reading platform, running both devices and content. Market cap approx. USD 1.6 bn.
A Chinese digital publishing and web-novel export player, growing fast in overseas short drama. Market cap approx. USD 2.5 bn.
China's No.1 online music group (QQ Music, Kugou, Kuwo) and a global streaming revenue leader. Market cap approx. USD 12.8 bn.
China's No.2 music platform, differentiated by its community and comment culture. Market cap approx. USD 2.2 bn.
China Mobile's digital content platform — video, music, reading and sports rights.
The 'king of African phones': No.1 smartphone share in Africa, extending into appliances and mobile services. Market cap approx. USD 9.2 bn.
RECRUITMENT, EDUCATION & NEW SERVICES
21 brands
China's No.1 online recruitment platform; its direct-chat model reshaped the industry. Market cap approx. USD 7.1 bn.
China's leading platform for senior and specialist recruitment. Market cap approx. USD 0.13 bn.
One of China's earliest online recruitment platforms, taken private. Not listed; no public market cap.
A Chinese children's English and online education exporter with a high overseas revenue share. Market cap est. USD 0.20-0.60 bn.
A top Chinese K-12 online education company, now pivoting to hardware and overseas markets. Market cap est. USD 1.0-3.0 bn.
A top Chinese K-12 company that began with photo-based homework search. Market cap est. USD 1.0-3.0 bn.
A leading Chinese livestream commerce MCN with a supply-chain and talent focus. Not listed; no public market cap.
A leading Chinese livestream commerce MCN (Luo Yonghao's), listed in Hong Kong. Market cap approx. USD 0.12 bn.
A Chinese adaptive-learning pioneer, now pivoting to smart hardware and SaaS. Market cap est. USD 0.30-1.0 bn.
A leading Chinese digital literacy-education content brand with huge reach through short video. Market cap est. USD 0.20-0.60 bn.
China's No.1 knowledge-commerce and private-domain livestream SaaS. Market cap est. USD 0.30-0.80 bn.
A Chinese conversational AI and affective-computing vendor for enterprise AI platforms. Market cap est. USD 0.10-0.40 bn.
A Chinese AI and autonomous-driving company, a former AI unicorn. Market cap est. USD 0.20-0.80 bn.
The world's No.1 maker of LCD controller boards, behind the Seewo and MAXHUB brands. Market cap approx. USD 4.7 bn.
A top Chinese K-12 education group and parent of Xueersi. Market cap approx. USD 7.0 bn.
China's best-known education brand and parent of East Buy. Market cap approx. USD 8.8 bn.
A leader in smart learning hardware and online education, under NetEase. Market cap approx. USD 2.0 bn.
A leading Chinese online large-class education company. Market cap approx. USD 0.62 bn.
China's No.1 provider of civil-service exam preparation. Market cap approx. USD 0.09 bn.
A leading Chinese online children's English platform. Not listed; no public market cap.
A second-tier Chinese recruitment platform, taken private. Not listed; no public market cap.
CHIPS & COMPUTE
11 brands
Mainland China's No.1 wafer foundry and the world's third largest.
China's No.1 listed AI chip company and a leader in cloud training chips. Market cap approx. USD 94.6 bn.
A leader in domestic CPUs and DCUs and the main vehicle for x86-standard localization. Market cap approx. USD 78.6 bn.
One of the world's three memory-interface chip leaders and a core DDR5 beneficiary. Market cap approx. USD 36.8 bn.
A leader in high-performance computing and servers, core to domestic technology substitution. Market cap approx. USD 17.4 bn.
China's first listed GPU company, which began in graphics display and control. Market cap approx. USD 4.0 bn.
China's No.1 smart-driving chip company, with leading Journey-series deployment. Market cap approx. USD 8.1 bn.
An automotive-grade smart-driving chip vendor listed in Hong Kong. Market cap approx. USD 0.86 bn.
An AI training-chip unicorn backed by Tencent. Not listed; no public market cap.
A general-purpose GPU unicorn. Not listed; no public market cap.
A full-function GPU unicorn. Not listed; no public market cap.
ROBOTICS
9 brands
The first listed humanoid-robot company, ahead on commercialising its Walker series. Market cap approx. USD 4.8 bn.
A global leader in robot vacuums and a benchmark for Chinese brand-building abroad. Market cap approx. USD 4.6 bn.
China's No.1 service-robot company and the country's leading robot-vacuum brand. Market cap approx. USD 4.3 bn.
China's No.1 industrial robot maker and the main domestic substitute. Market cap approx. USD 4.1 bn.
An industrial robot and smart-equipment vendor listed on the A-share market. Market cap approx. USD 2.1 bn.
A leader in rehabilitation robots and humanoid robots. Not listed; no public market cap.
A humanoid-robot unicorn. Not listed; no public market cap.
An embodied-intelligence unicorn with a leading general-purpose robot platform. Not listed; no public market cap.
A leader in cleaning appliances going global, originally from the Xiaomi ecosystem. Not listed; no public market cap.
HARDWARE & DEVICES
4 brands
The world's No.3 smartphone maker, running a phone-plus-AIoT-plus-EV strategy. Market cap approx. USD 78.7 bn.
The world's No.1 PC maker and one of its largest server vendors. Market cap approx. USD 57.5 bn.
China's technology parent company: No.1 globally in telecom equipment, with in-house silicon. Not listed; no public market cap.
A leading Chinese smartphone brand, spun out of Huawei's system. Not listed; no public market cap.
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