Best Mobile Companies in Shanghai, China
The 104 best Mobile companies in Shanghai, China in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Shanda Games.
Our analysis of 127 Mobile companies
$17.0b in tracked funding; 88% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2024.
Ranked: Best Mobile companies in Shanghai
| # | Company | Disclosed funding | Last round | Stage | Employees | Founder | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Shanda Games Game developer and publisher based in China | $472M | 100 mo ago | Acqui-Hired | 111 | — | — | — |
| 2 | Chubao Developer of touch-screen mobile keyboard and dialer app with free wifi-calling features | $100M | 109 mo ago | Series D | 20 | — | Three.jsVue.jsTengine+4 | — |
| 3 | 51.com Online gaming portal and community | $67M | 217 mo ago | Series C | 155 | Pang Shengdong CEO | PHPNginxOpenResty+8 | — |
| 4 | ShineZone Online and mobile games developer for overseas markets | $58M | 112 mo ago | Series B | 164 | Frank Lee Founder & CEO | — | — |
| 5 | CooTek Developer of mobile utility, lifestyle, healthcare and entertainment apps with AI-based news feeds | $30M | 63 mo ago | Public | 181 | Karl Zhang Co-Founder & CTO | Vue.jsAmazon Web ServicesVuex+8 | — |
| 6 | Madhouse Mobile ad network and marketing platform | $30M | 158 mo ago | Acquired | 200 | Charlie Ruan CEO | NginxGoogle Font APIjQuery+2 | — |
| 7 | MorningTec Internet games distributor | $16M | 131 mo ago | Series B | — | Ming Zhu Founder | — | — |
| 8 | Youxiduo Mobile games platform | $16M | 136 mo ago | Deadpooled | 26 | Chen Yichao CEO | — | — |
| 9 | UltiZen Mobile and web games developer | $16M | 190 mo ago | Series C | 450 | — | — | — |
| 10 | Uzone Games Mobile gaming studio | $15M | 121 mo ago | Series B | 20 | Angel Mo Founder & CEO | — | — |
| 11 | Inbilin Mobile application to chat and talk with strangers | $15M | 144 mo ago | Deadpooled | — | Jinlong Liu CEO | — | — |
| 12 | Appcoach Mobile Advertising Platform | $10M | 129 mo ago | Series A | 66 | — | — | — |
| 13 | the9gamezone Video game developer focusing on core game | $8M | 14 mo ago | Public | 72 | — | UbuntuTailwind CSSVue.js+4 | — |
| 14 | Taomee Entertainment Developer of mobile and web based games along with other entertainment services for children | $8M | — | Early Stage | 121 | — | PHPNginxjQuery UI+5 | — |
| 15 | Vqudo Platform for social media marketing | $8M | 124 mo ago | Series A | — | Li Junxiang CEO | — | — |
| 16 | Haymaker Game Mobile game developer | $4M | 131 mo ago | Deadpooled | — | Chen Feng CEO | — | — |
| 17 | Directive Games Mobile game development studio | $4M | 133 mo ago | Series A | 54 | Yohei Ishii Co-Founder | — | — |
| 18 | Spicy Horse Games 3D Game Developer on web browsers | $3M | 182 mo ago | Series A | 11 | R J Berg Co-Founder & COO | — | — |
| 19 | Soco Soft Mobile game developer | $3M | 199 mo ago | Series A | — | Shen Ye Founder | — | — |
| 20 | MetaDerby NFT-based trading platform for horse racing games | $2M | 50 mo ago | Seed | — | Muse Co-Founder | — | — |
| 21 | Lusionsoft VR game and content development studio based out of Shanghai | $2M | 108 mo ago | Seed | — | Feng Pan Founder and CEO | — | — |
| 22 | MyGamez Game publisher and publishing platform | $2M | 30 mo ago | Series A | — | Charles Chiang Coo/Founder | WebflowMicrosoft 365jQuery+8 | — |
| 23 | Haiyi Qi Game development company | $2M | 134 mo ago | Seed | — | Zhou Chaoen CEO | — | — |
| 24 | 5211game Provide platform for online and mobile games | $1M | 147 mo ago | Series B | — | Xin Xu Founder | Windows ServerMicrosoft ASP.NETRequireJS+4 | — |
| 25 | Vtime Mobile platform to reward customers through mobile gaming | $150K | 146 mo ago | Deadpooled | — | Clemens Wangerin Managing Director | — | — |
Top 12 Mobile companies in Shanghai
#1
Public · Shanghai, Shanghai · founded 1999 · 72 employees$8Mraised▾
Video game developer focusing on core games. The company has developed massively multiplayer online role playing games, massively multiplayer online first-person shooter games, Web games, social games, mobile games, and TV games. It also provides game operating support, training and advertisement, and short message services. It also operates TV and mobile game platforms.
- Mar 2025Post IPO$8M
- May 2024Post IPO—
- Feb 2021Post IPO—
#2
Acqui-Hired · Shanghai, Shanghai · founded 1999 · 111 employees$472.4Mraised▾
Shanda Games is an indie game developer and publisher based in China. It has developed multiple MMORPG games including "The Legend of the World", "Magical Land", and "The Age" which are the part of "The Genesis Of The Century" game series. Also operates the Chinese book publishing house.
- Feb 2018PE$472.4M
#3
Series A · Shanghai, Shanghai · founded 2013$1.6Mraised▾
Mygamez is a mobile game publisher based in Shanghai, China. The company focuses on western game developers and offers distribution and secure monetisation solutions. The company also works with small time game developers to create their publishing strategies and business models. The company aims to open the Chinese market for the best 20% of great games and make it simple, safe and profitable for developers
- Dec 2023Angel$1.6M
- May 2020Series A—
#4
Public · Shanghai, Shanghai · founded 2008 · 181 employees$30Mraised▾
Developer of mobile utility, lifestyle, healthcare and entertainment apps with AI-based news feeds
- Mar 2021Post IPO$20M
- Jan 2021Post IPO$10M
#5
Series D · Shanghai, Shanghai · founded 2008 · 20 employees$100Mraised▾
Chubao started off as a developer of a touch screen keyboard that offered customization, emojis, better text input and prediction. It also has a dialer app which started off as a phone directory to protect users against cold marketing calls. The dialer also has a database of various merchants and their phone numbers and a user could call a store / restaurant / service provider, through the app, without searching for their numbers on search engines. Currently, the dialer also allows users to make free calls over wi-fi and 3G/4G connections. The keyboard app is available in multiple languages and has global presence. The company claimed to have become profitable in 2012 and has offices in China and US.
- May 2017Series D$100M
- 2013Series B—
#6
Series C · Shanghai, Shanghai · founded 2005 · 155 employees$67Mraised▾
51.com focuses on developing online and mobile games. Earlier used to offer an array of services providing high quality social network application services. It had created a lot of products such as blog, album, music, BBS, IM software Rainbow etc. Now pivoted into a gaming studio developing online and mobile games. Developed web games and mobile games which include real-time combat, role-playing, war strategy, simulation management and other type of classic games.
- May 2008Series C$51M
- May 2007Series B$10M
- May 2006Series A$6M
#7
Series B · Shanghai, Shanghai · founded 2008 · 164 employees$58Mraised▾
ShineZone develops games mainly for the overseas market. Currently, it has over 23 games covering 18 countries and regions. The company has also partnered with Facebook, App Store and Good Play. has raised RMB 400 million (US$58 million) series B round from a number of Chinese investment firms. With the latest capital injection, ShineZone said it hopes to reach RMB200 million (US$29 million) in net profits in 2017.
- Feb 2017Series B$58M
#8
Acquired · Shanghai, Shanghai · founded 2006 · 200 employees$30Mraised▾
Madhouse provides various services and platforms to brand advertisers and mobile App developers for marketing and advertisement. It has four primary products which are PremiumMad, PerforMad, SmartMad, and MadSolutions. PremiumMad is a programmatic buying platform with high-quality content. PerforMad is an advertiser interest-based app marketing platform that helps to maximize clients’ return on investment. SmartMad is a mobile ad network. MadSolutions provides customized mobile marketing solutions.
- Apr 2013Series C—
- 2010Series B—
- Oct 2008Series B—
- May 2007Series B$8M
#9
Seed · Shanghai, Shanghai · founded 2021$2.5Mraised▾
NFT-based trading platform for horse racing games. It enables users to explore, race, breed NFT horses. It offers a free-to-play-and-earn horse racing metaverse where anyone can earn tokens through skilled gameplay.
- Apr 2022ICO$1M
- Mar 2022Seed$2.5M
#10
Series C · Shanghai, Shanghai · founded 2005 · 450 employees$15.5Mraised▾
Ultizen Games is a game developer and offshore game outsourcing company in China. It involves in game design, level design, programming, art design, modeling, animation production, and testing services. The company offers online casual game PC, Xbox360 live arcade game, and U-PAL online casual game platform. Ultizen Games’ outsourcing services include art design, 2D art production, 3D modeling, and animation production on various platforms; porting and networking; testing and localization; game development; and IPTV game development. The company serves North American, European, and Japanese companies. Acquired Tokyo-based developer Red Entertainment (Sakura Wars series).
- Aug 2010Series C$8M
- Aug 2008Series B$6M
- Jun 2007Series A$1.5M
#11
Series B · Shanghai, Shanghai · founded 2013$16.4Mraised▾
MorningTec is an online games distributor in Asia. It offers console and online games. The company also provides technical support, localization, publishing, and operating maintenance services. Provides Stella SDK, a mobile game development software tool that allows developers to port an iOS application to Android version. MorningTec targets at iOS-focused app developers in European and the U.S. market, providing them a quick channel as well as localization services to Chinese and Asian markets.
- Jul 2015Series B—
- Jan 2014Series A$8.1M
- Jun 2013Angel—
- 2013Series A$8.3M
#12
Series B · Shanghai, Shanghai · founded 2014 · 20 employees$15.4Mraised▾
Uzone Games is a mobile gaming studio developing MMORPGs and other arcade games for mobile. Raised $3.2M (20M Yuan ) in its Series A round.
- May 2016Series B$12.2M
- Mar 2015Series A$3.2M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Mobile coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on 5G 6G in Shanghai is moving
A read on the academic research around 5G 6G in Shanghai — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 1,065 papers.
Shanghai Jiao Tong, ShanghaiTech, and Shanghai University dominate 5G-6G research, focusing optimistically on MIMO systems and millimeter-wave propagation, with breakthroughs far outweighing concerns.
- Shanghai Jiao Tong University588
- ShanghaiTech University138
- Shanghai University89
- Shanghai Research Center for Wireless Communications55
- Shanghai Institute of Microsystem and Information Technology53
- Beamforming37→253
- MIMO15→87
- Electronic engineering8→63
- Telecommunications1→40
- Wireless3→34
- Beamforming75→226
- Electronic engineering8→54
- MIMO43→81
- Telecommunications5→33
- Telecommunications link13→39
- Beamforming4→9
Common questions
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.