60 unicorn startups have been found and funded in China in 2015. Some of them became unicorns for no reason. And some of them will disappear in the venture market finally, I mean really should. Scroll down for the full list.

Today, ITJUZI.COM (Leading Startup Database in China) published the 2015Chinese Unicorn Startup List with detailed information of 60 private Chinese startups. In the past 2015, Unicorn startups got exploded in Chinese Internet sector.

As we see the booming numbers, some troubles are coming along the way. From Unicorn to Mini-corn, then to Unicorpse, the fascinating drama of Chinese startups is showing to you today. In this story, you will find yourself an opinion about this high-valuation, massive fundraising startup sector in China.

Where can you find unicorns?

Industrial distribution: E-commerce, Finance, Transportation and Entertainment industries occupies 62% of the unicorns.

With a clear business model and an emerging market, the E-commerceindustry got more verticalized, and 15 startups grew to unicorns this year. Maternal and Children Online markets, Cross-board Online Markets, Female Markets and Mobile Online Markets are driving these unicorns going further.

Capital games are on in Finance and Transportation areas. 9 unicorns in the finance sector and 7 unicorns in transportation sector this year. These two industry sectors are closely related to capital and money. Who get money in pocket wins the game and who has the most money wins finally. P2P financial management and lending business became popular this year in China, but the high risk troubles the market. Smart businessman creates markets. Around a car, they founded startups of car-call, car-rent, car-pool, second-hand car and post-car-consuming market.

ACG (Animation Comic Game) +Content+Entertainment = Anti-Economic Cycle Market. Six startups became unicorns in 2015.

How much money can they get in the recent round? And how fast?


Once you step into the unicorn club, money will come to you. In 2015, 53 unicorns got funded; the other 7 unicorns may face estimated valuation gliding or faced some fundraising problem, but we didn’t know.


Aiwujiwu raised its 4 rounds in nine months and became a unicorn, that’s really shocking. And Hujiang.com spent 166 months to became a unicorn. On average, it would spend 5 years for a startup to become a unicorn.

Triple the bubble

According to The Wall Street Journal and Dow Jones VentureSource, there are 19 unicorn-level startups in China. But according to ITJUZI.COM, the number is 60. We are sure ITJUZI.COM did their best job to collect data and tried their best to check the authenticity of these data, but we are really not sure whether the startups are lying or not.

The best way to test the authenticity of the unicorn data is to wait for their IPO. According to any open market, any company wants to go listed, should publish its real data since its running. If the data didn’t pass the examination of the broker or National Securities Regulatory Commission, that means it lied. That happened in China.

JD.com, the famous competitor of Amazon in China, announced its Series C Round of USD1.5 Billion, but its IPO documentation said the number is USD 0.96 Billion. And the funniest one is Zhaopin.com, a leading job-finding website, lied its Series E for USD 105 Million, but the actual number is USD 6.51 Million.Now we get 19 vs 60. Everybody says they are not lying, but definitely, someone should be responsible for it.

No matter how big are they looking like today, if the real value they generate won’t match up the speed they grow up, the bubble would breach and the flying startup would fall down sorely. Final words: go give up the vanity and embrace a real business.

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Unicorn data provided by ITJUZI.COM. ITJUZI, smarter startup and investment.