The billion-dollar club in America is getting less exclusive, but what’s happening in Asia? Eleven private VC-backed companies currently have billion-dollar valuations as listed in the table below. Israel was not included in this analysis. Interesting points:
- 9 of the 11 companies on this list are e-commerce companies
- IDG Capital Partners, QiMing Venture Partners, Temasek Holdings, and Accel Partners have each invested in 3 companies on this list.
- More than half of the companies are located in China
- Xiaomi, VANCL, Lashou Group, and Dianping reached billion-dollar valuations in 2011, while Avito, Coupang, Snapdeal, Mogujie and Yello Mobile reached billion-dollar valuations in 2014.
| Company | Logo | Valuation | Country | Select Investors |
|---|---|---|---|---|
| Xiaomi |  |
$46B | China | IDG Capital Partners, QiMing Venture Partners, Temasek Holdings |
| VANCL |  |
$3B | China | IDG Capital Partners, QiMing Venture Partners, Temasek Holdings, Tiger Global Management |
| Trendy Group International |  |
$1.8B | China | L Capital Partners |
| Avito |  |
$1.8B | Russian Federation | Accel Partners, Baring Vostok Capital Partners |
| Flipkart |  |
$1.6B | India | Accel Partners, Digital Sky Technologies, Tiger Global Management |
| Lashou Group |  |
$1.1B | China | Norwest Venture Partners, Milestone Capital |
| Coupang |  |
$1B | South Korea | Founder Collective, Sequoia Capital |
| Snapdeal |  |
$1B | India | Bessemer Venture Partners, Intel Capital, Softbank Corp. Temasek Holdings |
| Dianping |  |
$1B | China | Lightspeed Venture Partners, QiMing Venture Partners, Sequoia Capital |
| Mogujie |  |
$1B | China | Banyan Capital, IDG Capital Partners, QiMing Venture Capital |
| Yello Mobile |  |
$1B | Korea | Formation 8 |
Want more posts analyzing Asia? Check out our breakdown of Sequoia Asia and India’s biggest funding rounds.
Want to track Asian investment and M&A activity real-time? Check out the CB Insights Venture Capital Database. Sign up free below.
If you aren’t already a client, sign up for a free trial to learn more about our platform.