Tencent has backed the highest number of China's unicorns at 13.
Today, there are 46 unicorns (companies valued at $1B or higher) based in China.
Many of these unicorns benefit greatly from BATJ as distribution channels. Didi Chuxing and Meituan-Dianping, for example, are featured prominently on Tencent’s WeChat’s “Wallet” portal. WeChat today counts more than 800 million monthly users.