Top SaaS Companies in China

List of the largest SaaS companies in China (Click to apply)

These are the top SaaS companies in China. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for China by featuring these 665 companies with combined revenues of $6.6B.

Together, China SaaS companies employ over 44K employees, have raised $0.0 capital, and serve over 3B customers around the world.

$0 - $1M ARR
  1. YBVeg $985.3K
  2. Authing $983.8K
  3. Wenge Group $980.4K
  4. Shuyun $980.2K
  5. webOSCAR $972.0K
$1M - $5M ARR
  1. Cihon $4.6M
  2. GeeTest $4.3M
  3. Mandala $4.1M
$5M - $10M ARR
  1. PUSHUKEJI $9.7M
  2. ULOTECH $9.6M
  3. Dt Dream $9.3M
$10M+ ARR
  1. Momo $2.4B
  2. Youku $649.5M
  3. eBaoTech $336.0M
  4. Uxin $227.6M
  1. 01
    Momo

    Momo

    Information Technology Software

    Provider of a location-based social networking application. The company provides a free platform enabling users to communicate through voice, photos and text, while being aware of real-time distance between themselves and the person they're messaging.

    $2B

    $349M

    114M

    1K

    2011

    China

  2. 02
    Youku

    Youku

    Authoring And Publishing Software

    Provider of an Internet television platform. The company's platform enables consumers to search, view and share quality video content quickly across multiple devices.

    $650M

    $120M

    500M

    349

    2014

    China

  3. 03
    Perfect World

    Perfect World

    Information Technology Software

    Perfect World is a publisher of online multiplayer games in North America. It connects various gamers by enabling them to interact with other players globally and specializes in immersive free-to-play MMORPGs.

    $604M

    26K

    2K

    China

  4. 04
    eBaoTech

    eBaoTech

    Finance Software

    eBaoTech® is a technology solution provider for global insurance industry with a company mission to “make insurance easy”.

    $336M

    $36M

    2K

    2000

    China

  5. 05
    Uxin

    Uxin

    E-Commerce Software

    Operator of a second-hand car auction platform. The company operates an online platform for used car auctions. It also owns six centers, offering auctions and after sales services.

    $228M

    $960M

    895

    2011

    China

  6. 06
    Chenzhi

    Chenzhi

    Education Software

    Chenzhi is an educational service provider.

    $217M

    5K

    2017

    China

  7. 07
    Qunar.com

    Qunar.com

    Travel Software

    Provider of online travel search engine for business and leisure travelers. The company helps consumers find and compare flights, hotels, packages and other travel services.

    $155M

    $390M

    3K

    2005

    China

  8. 08
    IngageApp

    IngageApp

    CRM and Related Software

    Xiaoshouyi develops software solutions for customer relationship, sales force, and workforce management. IngageApp provides a next-generation CRM solution by leveraging mobile social platform and big data technologies. With its SaaS and PaaS framework, the

    $131M

    $195M

    2K

    2011

    China

  9. 09
    Glodon (SHE: 002410)

    Glodon (SHE: 002410)

    Construction Software

    Developer of a construction budgeting software designed to focus on the entire life cycle of the construction projects. The company's construction budgeting software offers quantity take-off, cost estimate, tendering documents management, evaluation and pr

    $99M

    $3M

    380K

    1K

    1998

    China

  10. 10
    Souche

    Souche

    B2B Marketplace Platforms

    Souche, a leading automotive new retail platform in China, is founded by Mr. Yao Junhong, the former CAR Inc. founding team member and vice president, in December, 2012. By August 2018, Souche raised over $1.2 billion from investment or ganizations, includ

    $94M

    $1B

    110K

    1K

    2012

    China

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What are the fastest growing companies doing?

83 of the fastest growing companies that also have the most revenue have a clear expansion revenue strategy. On average, sales reps are selling plans where starting contract value is $4,606.

Those same companies employ 1,678 sales reps that carry a quota. The most common compensation plan used by these companies is a 1:5 ratio of sales rep on target earnings (OTE) to quota. Meaning if a rep can earn $200k in base and commissions, quota target for that year is set at 5x, or $1m in new ARR closed.

If you’re going to build a high growth SaaS company, you need to figure out how to scale with quota carrying sales reps.

Which CEO’s are the most efficient capital allocators?

We can measure this a variety of ways. Which company has the most revenue per employee? What about dollars in revenue compared to dollars raised? What about time, which founder went from $0 to $10m the fastest?

Looking deeper at dollars in revenue compared to dollars raised, bootstrappers take the cake because they self fund (denominator zero). When we look at companies that have raised at least $1m, Actito is the clear winner generating $21m in revenue, growing 100% yoy, on just 1m raised ($.05 dollars raised for every $1 of revenue).

Omnisend comes in a close second with $.08 dollars raised for every dollar of revenue. Doing $19m as of December 2020. Proposify gets honorable mention with $0.46 dollars raised (3.25m) for every dollar of revenue ($7m).

The worst performers here are companies like YayPay with $3.68 dollars raised ($14m) per dollar of revenue ($3.8m). Many of the worst performers just did a round of funding and haven’t had a chance to deploy to drive growth yet. That makes this data less valuable but still illustrative.