Hurun Research Institute today release the Tojoy · Hurun China Gazelles 2021

(2 December 2021, Shenzhen) Hurun Research Institute today, in association with Beijing-based accelerator Tojoy, released the Hurun China Gazelles 2021, a list of companies set up after the year 2000 that are most likely to ‘go unicorn’ within three years. This is the fourth edition of the list.

171 companies made the cut this year, 71 more than last year and more than double that of two years ago. 114 were new faces. 30 companies were promoted from last year’s Gazelle list, with 15 by becoming a unicorn, 14 going IPO and 1 acquired. 13 dropped out, no longer making the cut.

51% offer software or services (down from 66% last year) and 49% have physical products (up from 34% last year). 60% are business-to-business (almost double 32% last year) and 40% are consumer-oriented (down from 68% last year).

This is a brief English language summary of the full Chinese press release which can be found at www.hurun.net. For media inquiries please contact our public relations team whose contact details can be found at the end of this report.

Geographical distribution

Promoted off the Hurun Gazelles due to ‘Going Unicorn’

Promoted off the Hurun Gazelles due to successful listing

By Industry

When were they founded?

China Gazelles Best Investors

About TOJOY Shared Group

Founded in 1991, TOJOY Shared Group (TOJOY) is a global enterprise empowerment platform that leverages the shared resources and big data of over one million high-net-worth entrepreneurs to grow businesses globally.  TOJOY delivers comprehensive services including enterprise acceleration, marketing empowerment, enterprise digitalization, and entrepreneur consumption services from offices in more than 40 cities around the world, including Beijing, Shanghai, Shenzhen, Hong Kong, New York, Paris, Belgrade, Vienna, and Mexico City.

TOJOY helps innovative enterprises to grow rapidly through cooperative development and its Great Sharing Economy model. Here, tangible and intangible business resources alike, including capital, business know-how, production capacity, and social networks are shared through the TOJOY platform.  TOJOY also enables the transformation and upgrading of traditional companies by giving them access to innovative technologies and business models shared through the TOJOY platform. To date, more than 300 innovative enterprises have partnered with TOJOY for acceleration from industries including artificial intelligence, big data, Internet of Things, blockchain, new retail, and e-commerce.

TOJOY’s mission is "Empower Business, Share Success". It is committed to the core values of shared prosperity, development, and happiness. TOJOY is constructing a new enterprise enabling ecosystem throughout the world and establishing a self-operating management system to recognize merit and keep strivers happy.

Over the years, TOJOY has won numerous top recognitions, including "The Best Unicorn Platform for Chinese Brand Influence", one of the "Top Ten Innovative Enterprises in China's Economy", "The Best Employer in China", and one of the "Top 20 Charitable Organizations in China".

About Hurun Inc.

Promoting Entrepreneurship Through Lists and Research

Oxford, Shanghai, Mumbai, Sydney

Established in the UK in 1999, Hurun is a research, media and investments group, which generated 8 billion views on the Hurun brand in 2020, up 50% year on year, on the back of providing lists and research reports.

Best-known today for the Hurun Rich List series, ranking the most successful entrepreneurs in China, India and the world, Hurun’s other key properties include the Hurun 500, a ranking of the world’s most valuable companies, and the Hurun Unicorn Index, a comprehensive listing of the world’s start-ups worth US$1bn or more.

Hurun provides research reports co-branded with some of the world’s leading financial institutions, real estate developers and regional governments.

Hurun hosted high-profile events in the last two years across China and India, as well as London, Paris, New York, LA, Toronto, Vancouver, Sydney, Luxembourg, Istanbul, Dubai and Singapore.

For further information, see www.hurun.net.

For media inquiries, please contact:

Hurun Report

Porsha Pan

Tel: +86-21-50105808

Mobile: +86 139 1838 7446

Email: porsha.pan@hurun.net

Grace Liu

Tel: +86-21-50105808

Mobile: +86 136 7195 4611

Email: grace.liu@hurun.net