LinkedIn ranks China's top startups

By Zhong Nan | chinadaily.com.cn | Updated: 2019-09-06 14:15

The logo for LinkedIn Corporation is shown in Mountain View, California, US. Photo taken on February 6, 2013. [Photo/Agencies]

LinkedIn, the California-based online social network for professionals, announced its inaugural Top Startups List in China, hoping to showcase the outstanding performance of local companies and appeal to the country's top talent, providing more career development and opportunities for professionals.

Twenty-five domestic companies, led by Beijing Bytedance Technology Co, Didi Chuxing, Bitmain Technologies, YITU Tech and Momenta, were ranked in the list.

LinkedIn's Top Startups Lists have been released simultaneously in different markets around the world for three consecutive years.

Lu Jian, president of LinkedIn China, said based entirely on data analysis, the list will enable more entrepreneurs to pay attention to employer branding and constantly improve their talent strategies to attract and retain high-quality talent.

"On the other hand, it helps Chinese professionals find insight into excellent startups, enabling them to explore new possibilities for career development," said Lu, adding LinkedIn's Top Startups Lists are fueled by billions of actions carried out by its 645 million members, and the Top Startups List in China followed the same methodology.

The research found that among the 25 listed companies, 11 put artificial intelligence at the core of their business and integrated AI with industry application. Bitmain Technologies, YITU Tech and 4Paradigm were among companies to highlight the importance of AI.

Besides analyzing market trends from the list, LinkedIn found that top startups have become the best choice for top talent. The attraction of top talent is an important criterion for the evaluation of companies that earn a position on LinkedIn's Top Startups list.

The list also found that the average age of employees in these top startups is 28, 10 percent of whom have overseas educational background or worked overseas. Thirty percent of employees have master's degree and above, and 18 percent have worked for well-known multinational or first-tier domestic enterprises.