Top SaaS Companies in Shanghai

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

These are the top SaaS companies in Shanghai, China. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Shanghai by featuring these 77 companies with combined revenues of $643.4M.

Together, Shanghai SaaS companies employ over 7K employees, have raised $0.0 capital, and serve over 467M customers around the world.

$0 - $1M ARR
  1. Fastone $847.6K
  2. Qibei $809.2K
$5M - $10M ARR
  1. Zhiziyun $5.8M
$10M+ ARR
  1. eBaoTech $336.0M
  2. Zhong An $70.0M
  3. Zaihui $36.9M
  1. 01
    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

    Shanghai

  2. 02
    Zhong An

    Zhong An

    Financial Services Software

    ZhongAn Online P&C Insurance Co Ltd is engaged in Insuretech business which provides internet insurance services and insurance information technology services to customers. The products provided by the company include special insurance, travel insurance, a

    $70M

    $896M

    460M

    992

    2013

    Shanghai

  3. 03
    Zaihui

    Zaihui

    Marketing Automation Software

    Zaihui is a SaaS-based data-driven marketing automation solution for local businesses that offers them with member management, precipitation members, incentive members, and mining member values. Product system offers intelligent precision marketing, integr

    $37M

    $76M

    500

    2015

    Shanghai

  4. 04
    Quark Finance

    Quark Finance

    Financial Services Software

    Provider of P2P finance services platform designed to offer personal financial services in China. The company's P2P finance services platform offers information on financial optimization, compliance and credit management, enabling clients to do hassle free

    $34M

    495

    2014

    Shanghai

  5. 05
    Sinofaith intellectual Property

    Sinofaith intellectual Property

    Consulting Software

    Sinofaith intellectual Property is a domestic IP protection service providing one-stop IP protection management services and solutions.

    $27M

    7M

    343

    2009

    Shanghai

  6. 06
    CDP Group

    CDP Group

    Insurance Software

    Provider of human capital management services. The company operates a cloud-based platform that offers payroll outsourcing, benefit outsourcing, recruitment and expatriate services in the Greater China and Asia-Pacific region.

    $22M

    $118M

    600

    430

    2004

    Shanghai

  7. 07
    oTMS

    oTMS

    Time Tracking Software

    oTMS is the leading one-stop transportation platform. oTMS aims to build the first successful business community based transport management & e-sourcing platform in China. With cloud computing and mobile internet technology, oTMS provides SaaS (software as

    $22M

    $25M

    250

    2011

    Shanghai

  8. 08
    Xforceplus

    Xforceplus

    Collaboration & Productivity Software

    Xforceplus develops enterprise collaborative solutions of software as a service. The company provides internet-based and cloud-innovated supply chain collaboration and invoice management software encompassing supply chain settlement, real-time electronic a

    $18M

    $100M

    76

    2015

    Shanghai

  9. 09
    Zhiziyun

    Zhiziyun

    Big Data Software

    Zhiziyun is a big data technology service provider that provides efficient SaaS platforms and privatized customized services.

    $6M

    $10M

    96

    2012

    Shanghai

  10. 10
    Touchmedia

    Touchmedia

    Marketing Software

    Operator of an interactive in-taxi advertising and media platform created to boost conversion and improve advertising attribution. The company's touchscreen media technology offers a state-of-art interactive mobile media platform, provides brands with a me

    $5M

    $46M

    77

    2003

    Shanghai

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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.