Beyond the legendary success stories of Alibaba and Tencent, China has developed into a vibrant, competitive ecosystem of innovative technology startups. That comes as no surprise, given the country’s fast-rising economy and consumer society, vast pool of world-class talent, and quick adoption of new technologies. CompassList China, our first chapter, was born to provide insights and the context of China’s startup and tech scene to the rest of the world. Through unraveling the local cultural, social, economic and business landscapes, we reveal how China’s startup economy has boomed amid the complexities of a giant nation, home to some 1.4 billion people today.



China’s second largest e-commerce platform after Alibaba, Pinduoduo gained 300 million users through social e-commerce in just three years.

The hassle of remembering passwords is a thing of the past thanks to Secken, China’s only biometric authentication company offering safe and easy Internet logins.


Li Huibing

Co-founder and CFO of Chechong

Former Foxconn employee, specializing in IT development and implementation. Quit Foxconn in 2006 to enter the used car industry, one of the earliest IT engineers to do so. After seven years in Bitauto, Li quit the Chinese auto giant to start Chechong in 2014.

Huang Xiaolei

Founder and CEO of ParkBox

Founder and CEO of ParkBox. Huang graduated from Zhejiang University with a bachelor’s in Engineering and Industrial Design. In 2016, she received her master’s in Management from the Stanford University Graduate School of Business. She worked at P&G for almost four years and then at Philips for five years. ParkBox is her first entrepreneurial venture.


Baotuan was founded by Tap4fun and focuses on mobile games. It provides up to RMB 2 million to each startup it invests in.

Tongfang Holch conducts direct investment, angel investment, PE investment and NEEQ investment with billions of RMB under management. It is one of the fastest-growing PE investment firms in China.


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