SHEIN, an online fashion platform founded in Nanjing in 2008, is the highest valued e-commerce and direct-to-consumer unicorn in China. As of October 2022, the company's value was estimated at 100 billion U.S. dollars. Along with Xiaohongshu, Xingsheng Selected, and Chehaoduo, they are the only Chinese e-commerce startups that have achieved 'decacorn' status, i.e. unicorns worth 10 billion dollars or more.
Most valued e-commerce and direct-to-consumer unicorns in China as of October 2022
(in billion U.S. dollars)
A unicorn company is a privately owned startup that has a current valuation of one billion U.S. dollars or over. Once a company has gone public (IPO) or has been acquired it is no longer termed as a unicorn.
Where companies crossed industries, the major category was used as determined by the source. Where companies have multiple countries listed the country of headquarters has been used.
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CB Insights. (October 13, 2022). Most valued e-commerce and direct-to-consumer unicorns in China as of October 2022 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1282104/highest-valued-e-commerce-startup-companies-china/
CB Insights. "Most valued e-commerce and direct-to-consumer unicorns in China as of October 2022 (in billion U.S. dollars)." Chart. October 13, 2022. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1282104/highest-valued-e-commerce-startup-companies-china/
CB Insights. (2022). Most valued e-commerce and direct-to-consumer unicorns in China as of October 2022 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1282104/highest-valued-e-commerce-startup-companies-china/
CB Insights. "Most Valued E-commerce and Direct-to-consumer Unicorns in China as of October 2022 (in Billion U.S. Dollars)." Statista, Statista Inc., 13 Oct 2022, https://www.statista.com/statistics/1282104/highest-valued-e-commerce-startup-companies-china/
CB Insights, Most valued e-commerce and direct-to-consumer unicorns in China as of October 2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1282104/highest-valued-e-commerce-startup-companies-china/ (last visited December 23, 2024)
Most valued e-commerce and direct-to-consumer unicorns in China as of October 2022 (in billion U.S. dollars) [Graph], CB Insights, October 13, 2022. [Online]. Available: https://www.statista.com/statistics/1282104/highest-valued-e-commerce-startup-companies-china/
