Radar Companies AdTech · China
Radar · AdTech in China

Best AdTech Companies in China

The 175 best AdTech companies in China in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Panshi.

175companies tracked
$3.3Bdisclosed funding
3unicorns
56have raised

China's AdTech sector doesn't sit still long enough to map cleanly, so here's what the funding data actually tells you: 175 companies tracked, $3.3B in total disclosed equity, and three unicorns already in the mix. Panshi leads the directory at $661M raised, with Weibo close behind at $586M and Shumei pulling $218M. The global market these players are competing into hit roughly $783.5B in 2024 and is forecast to reach $1,496.2B by 2030 at a 14.3% CAGR, per MarketsandMarkets. AI-driven targeting and mobile advertising expansion are the two forces accelerating that curve fastest, and China's companies are positioned right at the intersection of both.

What I find telling is how concentrated the backer list is. Kleiner Perkins, Matrix Partners China, NLVC, Baidu Ventures, and BlueFocus are doing most of the heavy lifting across this ecosystem. Hot themes right now are predictive analytics marketing and playable ads, both signaling a shift toward performance formats over pure reach. Data privacy regulation is the structural friction you can't ignore, shaping product decisions across the board. And cross-border appetite for China's AdTech infrastructure is real: a Japanese AdTech firm's Series D push into China illustrated early how outsiders read the market's scale as an opportunity worth the complexity. The momentum here is genuine.

Sources & further reading
  • Verified Market Research

Ranked: Best AdTech companies in China

#CompanyDisclosed fundingLast roundStageEmployeesFoundedFounderRecent signals
1Panshi 🦄
Online and mobile advertising solutions provider to SMEs
$661M92 mo agoSeries D3142004Tian Ning
Founder & CEO
2weibo
Weibo is a social network company that provides microblogging platform.
$586M58 mo agoPublic5,9352009
3Moviebook 🦄
Interactive video ad technology provider
$372M83 mo agoSeries D122008
4Shumei
Anti fraud software for enterprises
$218M61 mo agoSeries D2015Tang Huijun
Co-Founder & CEO
5TalkingData 🦄
Provider of data analytics and marketing solutions for various industries
$210M23 mo agoSeries D3072011
6Yeahmobi
Programmatic advertising and retargeting platform
$140M114 mo agoPublic81820112 partnerships
7Mobvista
Mobile advertising platform and ad network
$124M65 mo agoPublic7722013
8InMyShow
Provides an advertising network
$106M68 mo agoSeries C1,6832009Li Meng
Founder & CEO
9iPinYou
Cross-Screen Demand-Side Platform
$98M126 mo agoSeries C4192008
10Miaozhen Systems
Online ad measurement solutions
$85M133 mo agoSeries D2012006Wu Minghui
Founder
11AdChina
Provider of full stack advertising technology to brands and publishers
$80M188 mo agoAcquired2582007
12MediaV
DSP + DMP + Developer of online marketing analytics and tracking technologies
$65M181 mo agoAcquired1242009Ning Hu
Co-Founder
13Domob
Mobile advertising network
$63M141 mo agoAcquired2012010Yujie Qi
CEO
14yoyi digital
Yoyi Digital is a multi-screen programmatic buying platform for targeted online advertising and marketing…
$60M46 mo agoSeries D4002007
15Adsame
RTB Platform For digital advertising
$50M145 mo agoDeadpooled4002009
16Zamplus
DMP with multi-channel audience data integration and data solution provider
$45M138 mo agoDeadpooled1412011
17Madhouse
Mobile ad network and marketing platform
$30M158 mo agoAcquired2002006Charlie Ruan
CEO
18AdMaster
Data management platform
$24M138 mo agoSeries C2012006
19Tixa Internet Technology
Contextual Advertising solution
$24M238 mo agoDeadpooled2000Zhang Xiangning
Founder
20DeepLeaper
Advertising content recommendation platform
$22M88 mo agoSeries B2016Ray Wang
Co-Founder & CEO
21PapayaMobile
Mobile advertising tool for advertisers
$22M181 mo agoSeries B1632008
22Limei Technologies
Offers full stack advertising technology solutions
$20M130 mo agoDeadpooled52010Yi Shu
Founder & CEO
23Youmi
Demand side platform and Ad network
$17M107 mo agoSeries B2010Chandy
Founder & CEO
24youmi
Youmi is an industry-leading mobile advertising and marketing platform. Contact : [email protected] (skype)
$17M107 mo agoSeries B712010
25TotallyAwesome
Platform offering children focused ad solutions
$15M46 mo agoAcquired1142015
26Hecai Network Technology
Rich media ad creative platform
$13M70 mo agoDeadpooled2013
27Adwo
Develops mobile advertising platform
$12M139 mo agoDeadpooled442010
28Zingfront
AI-based video creative solution
$12M96 mo agoSeries A292015Xiuwen Zhao
Founder
29CTS Media
Instream online video advertising network
$11M229 mo agoDeadpooled2005Edward Young
Founder & CEO
30PressLogic
Provider of AI powered ad campaign management platform
$10M91 mo agoSeries A2016Christine Lai
Co-Founder & Vice President of Content strategy
31Appcoach
Mobile Advertising Platform
$10M129 mo agoSeries A662014
32OptAim Technology
Mobile DSP with an integrated DMP
$10M137 mo agoAcqui-Hired1002013
33MediaShare
Video ad network provider
$10M180 mo agoDeadpooled2010Lixuan Chen
CEO
34eMar
RTB enabled DSP based in China
$10M219 mo agoSeries B2004Ke Xixing
CEO & President
35Reachmax
Programmatic demand-side ad platform for videos
$9M68 mo agoSeries B2013Yuko Jie
Co-Founder & CEO
36CloudCross
Digital video ad platform and contextual marketing tool
$8M135 mo agoSeries A2012Jiang Lan
Founder & CEO
37Vqudo
Platform for social media marketing
$8M124 mo agoSeries A2015Li Junxiang
CEO
38Ihuiniu
Programmatic advertising trading platform
$6M108 mo agoSeries A2016Jiang Lei
CEO
39UniQlick
Demand side platform
$5M163 mo agoDeadpooled52010Haiyang Yu
CEO
40WiseMedia
Ad network providing DSP, SSP and private ad marketplace
$5M123 mo agoPublic302011Zhao Shilu
CEO
41Yooya
Cross-device video ad marketing platform
$4M125 mo agoAcquired2011Rick Myers
CEO & Director
42AdIn Media
Ad exchange + SSP
$3M146 mo agoAcquired2013Siliang Tan
Founder
43mtty.com
Traffic aggregation and supply side ad platform
$3M120 mo agoSeries A502015Wang Nan
CEO
44Multichannel
Cross-channel campaign management solution
$3M150 mo agoDeadpooled352012Dmitry Fedotov
CEO & Founder
45OneOneDay
Reward-based mobile ad platform
$2M80 mo agoSeed132019Rick Tsing
Founder & CEO
46Inplayable
Mobile advertising solutions for in-app game demos
$2M93 mo agoDeadpooled502017
47Shenzhen Tongtianxia Technology
Advertising platform for travel agencies
$1M108 mo agoSeed2012
48TouchMobi
Mobile App Promotion with RTB Demand-Side Platform
$250K168 mo agoSeed12011Benjamin Law
CEO & MD

Top 12 AdTech companies in China

#1
Series D · Beijing, Beijing · founded 2011 · 307 employees
$210Mraised

Provider of data analytics and marketing solutions for various industries. The company offers app analytics, ad tracking, and brand growth monitoring. It provides services such as financial risk control and data tagging. The company delivers marketing growth, brand marketing, and fintech product solutions. It also offers industry solutions for auto, beauty, and clothing sectors.

Funding rounds
  • Jun 2024Series D
  • 2023Series D
  • Jan 2021Series D$100M
  • 2017Series D
Investors
SBCVC, Milestone Capital, NLVC, CR Capital Management, JD.com, V Capital
Tech stack
Java
#2
Public · Beijing, Beijing · founded 2009 · 5935 employees
$586Mraised

Weibo Corp is a China-based company mainly engaged in the social media advertising business for people to create, discover and distribute content. The Company's activities include Advertising and Marketing, which mainly provides a full range of advertising customization and marketing solutions. The Value-added Services mainly provide services such as membership services on social platforms, online games, live broadcasts, social e-commerce, and others. The Company's main product is the social platform Weibo.

Investors
Chinese government, Alibaba Group, Sequoia Capital, Zhen Fund, Cherubic Ventures, China Growth Capital
Tech stack
Acquia Cloud PlatformAcquia Cloud Site FactoryAdobe AnalyticsAdobe Experience Platform Identity ServiceAdobe Experience Platform LaunchAkamai
#3
Series D · Beijing, Beijing · founded 2015
$218Mraised

Anti fraud software for enterprises. It uses artificial intelligence and big data to help clients identify and deal with fraud. Its products include fraudulent spam content and picture detection, fingerprint recognition, and mobile phone number identification.

Funding rounds
  • Apr 2021Series D$135M
  • Jan 2020Series C$73M
  • Mar 2017Series A$10M
Founders & team
Tang HuijunCo-Founder & CEO
Investors
Shunwei Capital, Tencent, Xiang He Capital, Baidu Ventures, Crystal Stream Capital, Matrix Partners China
Tech stack
Ant DesignBaidu Analytics (百度统计)Core-JsLodashNext.JsNginx
#4
Panshi 🦄
Series D · Hangzhou, Zhejiang · founded 2004 · 314 employees
$661.1Mraised

Panshi offers online and mobile advertising solutions for SMEs and operates an Ad network called Adyen. Panshi offers behavioural targeting, geo-targeting options to the advertisers. Its Ad Exchange integrates major mobile platforms including apps mobile sites. Also, offers a product for ad management which includes planning, ad optimization, advertising data management, and delivery of ads.

Funding rounds
  • Oct 2018Series D$324.8M
  • Dec 2016Series C$116.2M
  • May 2015Series B$200M
  • Jan 2011Series A$20M
Founders & team
Tian NingFounder & CEOChen XiaominCEO
Investors
NewMargin Ventures, JD Capital, WI Harper Group, Fangyi Equity Investment Fund, Cybernaut, Hana Financial Group
#5
Series D · Beijing, Beijing · founded 2007 · 400 employees
$60Mraised

Developer and provider of intelligence digital marketing solutions. Based on technologies in data collection, user analysis and global marketing applications, the company's solutions include a Client Data Platform (CDP), Marketing Automation Platform and a Smart Advertising Platform, providing corporates users with integrated marketing services that drives business growth.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 729 LinkedIn followers
Activity: 1 partnerships · 1 awards (incl. Multiverse Partners Network) announced in 12 mo
Investors
Samsung Venture Investment, TPG, Zhejiang SilkRoad Fund, Newquest, Guangdong Guangzhou Daily Media, Prometheus Capital
#6
Public · Guangzhou, Guangdong · founded 2013 · 772 employees
$124.2Mraised

Mobvista operates a worldwide mobile ad network. It integrates ad spots and websites from 236 countries. Receives more than 5 billion daily impressions. Specializes in global mobile advertising and overseas game publishing. Raised funding from Haitong Capital which is a fund of Shanghai media group. The company got listed on China's Third new board on Nov 2015. Post IPO, it has raised 520 million yuan from Mango TV's VC fund and several other Chinese funds.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 25k LinkedIn followers — 45.0% of this cohort's audience
Funding rounds
  • Jan 2021Post IPO$30M
  • Feb 2017Conventional Debt$100M
  • May 2016Post IPO$80M
  • Jul 2015Series B$32.2M
Investors
Bank of China, Haitong Leading Capital Management, NetEase, Midas Capital, PAG, Guangzhou Yuexiu Industrial Investment Fund Management
Tech stack
Amazon Web ServicesApple Icloud MailAws Certificate ManagerCore-JsGoogle AnalyticsJquery
#7
Series D · Dongcheng, Beijing · founded 2008 · 12 employees
$371.7Mraised

Moviebook is an interactive video ad technology provider. It offers tools to embed brand logos and ads into a video or image which can then be advertised using the companies ad serving platform. Users watching the video can click on the product and get redirected to the brand's homepage to purchase the product. The company also offers a data management platform and a media asset management platform. Some of the platform solutions include visual analysis, video editing, and creation, behavioral motion analysis, cloud image processing, etc.

Funding rounds
  • Jul 2019Series D
  • Feb 2019Series D
  • Jan 2019Series D$99.2M
  • Aug 2018Series D$198.6M
Investors
TR Capital, Guangzhou Yuexiu Industrial Investment Fund Management, CICC, CCB International, SBCVC, SenseTime
#8
Series C · Beijing, Beijing · founded 2009 · 1683 employees
$106Mraised

InMyShow is a social advertising company based in China. Provides social advertising analysis system and enterprise-level social advertising engine. Clients include TCL, Haier, HRS, Toyota, Huawei, and WIS professional. Provides WEIQ which provides social marketing solution. Advertisers can select suitable media and input about the content spreading. WEIQ spread the content accordingly. Also provides a targeting solution using which advertisers can target a specific set of users.

Funding rounds
  • Sep 2020Post IPO$312.3M
  • Aug 2017Series C$90M
  • 2013Series B$12M
  • 2009Series A$4M
Founders & team
Li MengFounder & CEO
Investors
Harvest Capital, Penghua Fund Management, Morgan Stanley, Weibo, China Merchants Bank, CITIC Jiantou Securities
#9
Acquired · Hong Kong, Hong Kong · founded 2015 · 114 employees
$14.9Mraised

Platform offering children focused ad solutions. It allows brands to run ad campaigns to engage kids on mobile, video, and desktop. The platform creates content that is right for kids and teens. It also offers tools to media planners to engage with the audience, optimized media mixes, deep data insights, etc. It enables advertisers to monitor content across multiple devices such as tablets, smartphones, and laptops in real-time to ensure adherence to children’s data protection laws.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 12k LinkedIn followers — 22.1% of this cohort's audience
Funding rounds
  • Aug 2022Seed$10M
  • Aug 2022Conventional Debt
  • Feb 2017Angel$2M
  • Unattributed$2.9M
Investors
Inspire Ventures, Yefira, Partners For Growth, YYX Ventures
Tech stack
Apple Icloud MailBabelContact Form 7CookieyesCore-JsGodaddy
#10
Public · Xi An, Shaanxi Sheng · founded 2011 · 818 employees
$140Mraised

Yeahmobi is a performance-based mobile advertising network focused on user acquisition and monetization of mobile apps. Yeahmobi algorithms help in targeting the best demography for the advertiser and has integrated with ad exchanges like Smaato, double click, Mopub, Nexage among others. It offers flexible pricing models CPM, CPC, CPI, and CPS.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 9k LinkedIn followers — 15.5% of this cohort's audience
Activity: 3 partnerships (incl. Amazon Ads) announced in 12 mo
Funding rounds
  • Dec 2016Series C$100M
  • Apr 2016Series B$25M
  • Mar 2014Series A$15M
Investors
Kingsoft Network Technology, Xiaomi, Langmafeng Venture Capital, Capital Nuts, CoBuilder Partners, CoStone Capital
#11
Series D · Beijing, Beijing · founded 2006 · 201 employees
$85Mraised

Miaozhen focuses on ad tracking, ad serving, and data management platform. Its technology gives clients an overall view on marketing campaign performance across different media sources such as web-based, social, and mobile. It provides demography, geography, and follow-up behavioral performance across the target audience. Also offers media planning systems that help to analyze online media and target audiences while devising & delivering media plans in prebuy stage. Miaozhen Systems headquarters is in Beijing, with branch offices in Shanghai, Guangzhou, and Singapore. Its clients include P&G, Volkswagen, L’Oreal, KFC, etc.

Funding rounds
  • May 2015Series D$50M
  • Apr 2013Series C$10M
  • Oct 2011Series B$20M
  • Jul 2010Series A$5M
Founders & team
Wu MinghuiFounder
Investors
Redpoint Ventures, Primavera, CBC Capital, WPP, Kleiner Perkins, Redpoint China Ventures
Tech stack
Animate.CssApache Http ServerCentosElementorHstsJquery
#12
Series C · Beijing, Beijing · founded 2008 · 419 employees
$98Mraised

iPinYou is a Demand side platform that provides Real-Time Bidding (RTB) through its audience-based programmatic advertising technology. Its clients include Fortune 500 companies and major e-commerce platforms in China. Claims to have a 52.8% market share in China's programmatic buy branded market. Has offices across Beijing, Shanghai, Guangzhou and Silicon Valley. Raised $78M in Dec 2015 and dismantled its variable interest entity (VIE) structure to become a domestically-structured company, with a view of a domestic IPO in China.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 4k LinkedIn followers — 7.1% of this cohort's audience
Activity: 1 awards announced in 12 mo
Funding rounds
  • Dec 2015Series C$78M
  • Jan 2013Series B$20M
  • May 2011Series A
Investors
CBC Capital, Vangoo Capital, China Mobile, Shenzhen Capital Group, SDIC Innovation, Queen's Road Capital

Funding & investor landscape

$3.3Btotal disclosed funding
48companies funded
80disclosed rounds
0rounds last 90 days
Most active investors
Kleiner Perkins4 rounds
Matrix Partners China3 rounds
NLVC3 rounds
Baidu Ventures2 rounds
BlueFocus2 rounds
CBC Capital2 rounds
CCV Capital2 rounds
CyberAgent Capital2 rounds
DCM Ventures2 rounds
GSR Ventures2 rounds

Notable founders

Tang Huijun
Co-Founder & CEO · Shumei
Tian Ning
Founder & CEO · Panshi
Chen Xiaomin
CEO · Panshi
Li Meng
Founder & CEO · InMyShow
Wu Minghui
Founder · Miaozhen Systems
Yujie Qi
CEO · Domob
Ning Hu
Co-Founder · MediaV
Willy Yang
CEO · MediaV
Ray Wang
Co-Founder & CEO · DeepLeaper
Yuko Jie
Co-Founder & CEO · Reachmax
Charlie Ruan
CEO · Madhouse
Chandy
Founder & CEO · Youmi
Prism market signals · China · country-scoped Prism corpus, 3,722,757 docs

Market landscape — 10 sub-themes by coverage

Share of AdTech coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

Common questions

How many AdTech companies are there in China?
Radar tracks 175 indexable AdTech companies headquartered in China that meet our profile-completeness bar.
What is the total funding raised by AdTech companies in China?
The AdTech companies in China on this list have raised a combined $3.3B in disclosed equity funding across 48 funded companies.
Which is the highest-funded AdTech company in China?
Panshi is the highest-funded AdTech company in China, with $661.1M in disclosed equity funding.
How many AdTech companies in China are funded?
48 of the 175 AdTech companies in China on this list have disclosed at least one equity funding round.
How many AdTech unicorns are there in China?
3 AdTech companies in China on this list are valued at $1B or more.
Who are the top investors in China AdTech companies?
The most active investors in China AdTech companies on this list include Kleiner Perkins, Matrix Partners China, NLVC, Baidu Ventures, BlueFocus.
Rohit KhannaTrends & Stories

Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.

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