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Radar · Oncology in Shanghai

Best Oncology Companies in Shanghai, China

The 93 best Oncology companies in Shanghai, China in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: CStone Pharma.

93companies tracked
$6.2Bdisclosed funding
0unicorns
63have raised
FLIAR INTELLIGENCE · ONCOLOGY × SHANGHAI

Our analysis of 50 Oncology companies

$16.3b in tracked funding; 86% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.

50companies analysed
86%cloud-native stacks
2025funding peak (by rounds)
2unicorns
2016median founding year
100kcombined LinkedIn audience
50%of audience held by top 3
4companies hiring publicly (12 mo)

Ranked: Best Oncology companies in Shanghai

#CompanyDisclosed fundingLast roundEmployeesFoundedFounderPatents & IP focusRecent signals
1CStone Pharma
Developing and licensing novel drugs for diseases including cancer and autoimmune diseases
$410M68 mo ago4762016——1 partnership
2Tianjing Biological
Developer of immuno-oncology drugs for treating cancer and autoimmune diseases
55Funding top 21%Market top 41%Moat top 48%Talent bottom 49%
All 7 signals ▾
Fundingtop 21%
Markettop 41%
Moattop 48%
Talentbottom 49%
Globalbottom 46%
Techbottom 45%
Newsbottom 21%
Funding: Raised $380M across 5 rounds · 5 rounds over 9 yrs (0.6/yr)
Market: 318 employees (top 5% of Life Sciences) · Top-10,000,000 web property
rank vs industry peers · Fliar Intelligence Index 55/100
$380M28 mo ago3182014Yan Jingwu
Chairman & CEO
——
33DMed
Provider of personalized diagnostic treatment solutions for cancer
$365M68 mo ago2152010Simon Shung
Founder
——
4HaiHe Biopharma
Developer of reformulations for cancer treatment
$333M46 mo ago1812012Ruiping Dong
CEO
90 patents
Small-molecule inhibitors for oncology targets (PARP1, AR, MAT2A, SOS1, ENPP1) and formulations.
—
5LianBio
Developer of therapeutics for cardiorenal and oncology diseases
$313M62 mo ago1631999Bing Li
CEO
——
6Harbour BioMed
Developer of antibody therapeutics in immunology and oncology disease
$313M71 mo ago1672016Jingsong Wang
Founder
241 patents
Bispecific antibody therapeutics targeting immune checkpoints and tumor antigens
2 launchs · 1 partnership
7CARsgen
Developer of CAR-T cell therapies for the treatment of hematological malignancies and solid tumors
$276M67 mo ago5252014Huamao Wang
Co-Founder & COO
——
8D3 Bio
Developer novel therapeutics for cancer
40Funding top 20%Growth top 35%Talent bottom 49%Moat bottom 48%
All 7 signals ▾
Fundingtop 20%
Growthtop 35%
Talentbottom 49%
Moatbottom 48%
Techbottom 40%
Globalbottom 38%
Marketbottom 28%
Funding: Raised $262M across 3 rounds · 3 rounds over 6 yrs (0.5/yr)
Growth: Fresh capital in last 24 mo
rank vs industry peers · Fliar Intelligence Index 40/100
$262M6 mo ago—2018George Chen
Founder & CEO
——
9Elpiscience
Developer of checkpoint inhibitors for the treatment of cancer
$260M61 mo ago1502017———
10Antengene
Developer of small molecule drugs for the treatment of cancer and autoimmune diseases
$238M71 mo ago3592015Jay Mei
Founder & CEO
——
11EpimAb Biotherapeutics
Bispecific antibody therapies using its proprietary FIT-Ig platform
$219M63 mo ago492015—123 patents
Bispecific antibody therapeutics targeting immune checkpoints and tumor antigens
—
12Singlera Genomics
Developer of the NGS-based platform to detect cancer
72Moat top 21%Funding top 26%Market top 30%Patents top 33%
All 6 signals ▾
Moattop 21%
Fundingtop 26%
Markettop 30%
Patentstop 33%
Innovationtop 41%
Globalbottom 40%
Moat: Editorial + unicorn rating 8/10 · IP moat: 29 patents
Funding: Raised $209M across 5 rounds · 5 rounds over 8 yrs (0.6/yr)
rank vs industry peers · Fliar Intelligence Index 72/100
$209M23 mo ago3002014—29 patents
Liquid biopsy DNA methylation biomarkers for cancer detection and tumor assessment
—
13JW Therapeutics
Developer of cell immunotherapy products for cancer treatment
$200M71 mo ago4902016James Li
Co-Founder & CEO
34 patents
Small‑molecule KRAS G12C and EGFR inhibitors for targeted cancer therapy
—
14Gracell Bio
Developer of CAR T cell therapies for the treatment of cancer
$195M34 mo ago92017Wei Cao
Founder & CEO
——
15OriCell Therapeutics
Developer of immuno-therapeutics for cancer treatment
72Funding top 16%Patents top 27%Moat top 28%Innovation top 34%
All 8 signals ▾
Fundingtop 16%
Patentstop 27%
Moattop 28%
Innovationtop 34%
Newstop 36%
Markettop 37%
Talentbottom 49%
Globalbottom 43%
Funding: Raised $170M across 4 rounds · 4 rounds over 4 yrs (1.0/yr)
Patents: 56 patents matched (strict assignee match) · 55 filings since 2022 vs 1 in 2017-21
rank vs industry peers · Fliar Intelligence Index 72/100
$170M2 mo ago1502015He Xiaowen
Co-Founder
56 patents
Patents concentrated in health & consumer products
—
16Laekna
Developer of therapeutics for cancer and liver fibrosis
$168M49 mo ago—2016Chris Lu
Founder And Ceo
12 patents
Combination pharmaceutical formulations for cancer therapy
1 partnership
17GenFleet Therapeutics
Developer of drugs for treating tumors and autoimmune diseases
$166M53 mo ago—2017Jiong Lan
Co-Founder & CEO
210 patents
Design and synthesis of small‑molecule kinase inhibitors, macrocycles, and antibody‑drug conjugates for oncology.
—
18Zai Lab
Developer of drugs for anti-cancer and anti-inflammatory diseases
$160M107 mo ago2,0362013———
19TYK Medicines
Developer of drugs for the treatment of cancer
$154M29 mo ago1002018Wu Yusheng
Founder & CEO
164 patents
Patents concentrated in chemistry & materials
—
20ImmuneOnco Biopharmaceuticals
Developer of therapeutic solutions for treating cancer
$146M62 mo ago1522015Tian Wenzhi
Founder & CEO
74 patents
Designing recombinant fusion proteins and antibodies for immune‑checkpoint and tumor‑antigen targeting
—
21Duality Biologics
Developer of ADC therapeutics to treat cancer and autoimmune diseases
$120M61 mo ago—2020John Zhu
Founder&Ceo
136 patents
Bispecific antibody‑drug conjugates and targeted therapeutic antibodies for oncology.
1 job opening
22ECO Pharma
Developer of oncology therapies for treating cancer
$103M78 mo ago—2001Xiaoming Zou
Co-Founder & CEO
——
23Innovative Cellular Therapeutics
Developer of CAR-T cell therapies for blood cancers and solid tumors
$97M57 mo ago142009Lei Xiao
CEO
73 patents
Engineered immune cells for adoptive cell therapy targeting tumor antigens
—
24Full-Life Technologies
Provider of discovery, development, production, and logistics services for of nuclear medicines
48Funding top 17%Talent top 28%Patents top 33%Growth top 35%
All 9 signals ▾
Fundingtop 17%
Talenttop 28%
Patentstop 33%
Growthtop 35%
Innovationtop 45%
Moattop 47%
Globalbottom 45%
Marketbottom 32%
Techbottom 22%
Funding: Raised $94.3M across 8 rounds · 8 rounds over 5 yrs (1.6/yr)
Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
rank vs industry peers · Fliar Intelligence Index 48/100
$94M1 mo ago—2021HH Ting
Co-Founder And Chief Strategy Officer
24 patents
Targeted radiopharmaceuticals and antibody therapeutics for cell‑surface receptors
—
25Inxmed
Developer of treatments for drug resistance and metastases in solid tumors
$84M47 mo ago502018Francis Cao
Co-Founder
——
26GRIT Biotechnology
Developer of cell therapy to treat solid tumours
$75M33 mo ago—2020Liu Yarong
Founder & CEO
56 patents
Engineered immune cell therapies and multispecific biologics for cancer immunotherapy
—
27Aboz Pharmaceuticals
Developer of targeted radiotherapy for cancer treatment
$75M54 mo ago12021Alex Qiao
CEO
——
28Phrontline Biopharma
Developer of therapeutics for various diseases
64Talent top 28%Funding top 29%Global bottom 48%
All 3 signals ▾
Talenttop 28%
Fundingtop 29%
Globalbottom 48%
Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
Funding: Raised $60.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr)
rank vs industry peers · Fliar Intelligence Index 64/100
$60M6 mo ago—2022Siyi Hu
Co-Founder
——
29NUTSHELL
Developer of small molecule-based therapeutic solutions for the treatment of cancer
$60M51 mo ago—2009Zhengtian Yu
Co-Founder & CTO
——
30Hrain Biotechnology
Developer of tumor immunotherapy technology
$57M61 mo ago2602015—21 patents
Nanobody/antibody therapeutics targeting CD70, MSLN, Trop2 and related cancer immunotherapies
—
31Neukio Biotherapeutics
Developer of cell therapies to treat cancer
$50M45 mo ago—2021Liqun Wang
Founder
9 patents
Patents concentrated in chemistry & materials
—
32ABM
Developer of small molecules therapeutics to treat cancer
$50M53 mo ago—2015Chen Chen
Co-Founder & CEO
——
33Kechow Pharma
Chinese, early stage biotech developing MEK inhibitors for Lung and colorectal cancers.
$45M78 mo ago802014———
34Kangpu
Developer of small molecule drugs to treat cancer, auto-immune, and inflammatory disease
$39M61 mo ago252011Chuansheng Ge
Co-Founder & CEO
——
35OnQuality
Developer of therapeutics for skin cancers
$35M62 mo ago—2018Shiyi Zhang
Founder
——
36Mab venture
Early stage company developing therapeutic antibodies
$35M99 mo ago—2013George Wang
CEO & Founder
5 patents
Therapeutic antibodies targeting LAG-3 immune checkpoint for cancer immunotherapy
—
37Junshi BioPharma
Provider of antibody-based therapeutics for multiple diseases
$31M99 mo ago2,7722012———
38Conjustar
Developer of drug conjugates for the treatment of cancer
$28M28 mo ago—2022Shuyi Tang
CEO
——
39ITabMed
Developer of immunotherapeutics to treat cancer
$20M54 mo ago—2020Xiaoqiang Yan
CEO
5 patents
Bispecific antibody therapeutics targeting CD19 and CD3 for cancer immunotherapy
—
40Polaris Biology
Single-cell diagnostic platform for detection of tumors
$18M71 mo ago—2016Yuchong Wang
CEO
32 patents
Advanced mass spectrometry hardware for single-particle analysis and biomolecule labeling
—
41Yipu Bio
Developer of diagnostic tests for the detection of cancer
$16M50 mo ago—2018Hua Lin
CEO
——
42GloriousMed
Provider of gene testing services for immunodiagnosis and treatment
$16M56 mo ago—2015Jin Ge
CEO
——
43REMD
Provider of steep pulse treatment device for prostate cancer
$15M57 mo ago1002015———
44Guangzhou Asima Biomedical Technology
Developer of antibody drugs for treating cancer
$15M58 mo ago—2017Yang Chunxu
Co-Founder
——
45Shanghai Luoqi Biomedical Technology
Developer of nano-antibody drugs for multiple ailments
$15M63 mo ago182017———
46Enkai Sai Pharmaceutical
Developer of cellular therapeutics for cancer treatment
$15M47 mo ago——Tian Zhigang
Founder
——
47Nk-Celltech
Provider of immuno-oncologic drugs for cancer
40Market top 45%Funding top 46%Global bottom 38%
All 3 signals ▾
Markettop 45%
Fundingtop 46%
Globalbottom 38%
Market: 60 employees (top 31% of Life Sciences)
Funding: Raised $14.9M across 2 rounds · 2 rounds over 4 yrs (0.5/yr)
rank vs industry peers · Fliar Intelligence Index 40/100
$15M11 mo ago602020———
48Shanghai Aipqiang Particle Equipment
Provider of proton therapy systems and related particle equipment
$6M36 mo ago682012———
49Anpac
Developer of novel multi-level and multi-parameter liquid biopsy tests for cancer
$2M125 mo ago752008Herbert Yu
Co-Founder
——

Top 12 Oncology companies in Shanghai

#1
Series D · Shanghai, Shanghai · founded 2021
$94.3Mraised
▾

Provider of discovery, development, production, and logistics services for of nuclear medicines. The Company endeavors to tackle fundamental challenges affecting radiopharmaceuticals. It manufactures radiopharmaceutical drug products.

Fliar Intelligence Index™ 48how this company ranks against its industry peers
Funding
top 17%
Talent
top 28%
Patents
top 33%
Growth
top 35%
Innovation
top 45%
Moat
top 47%
Funding: Raised $94.3M across 8 rounds · 8 rounds over 5 yrs (1.6/yr) · Last round Series D (May 2026)
Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
Patents: 24 patents matched (strict assignee match) · 24 filings since 2022 vs 0 in 2017-21 · Latest publication 2026
Audience (LinkedIn): 7k LinkedIn followers — 7.0% of this cohort's audience
Activity (LinkedIn): 1 awards · 1 expansions announced in 12 mo
Funding rounds
  • May 2026Series D$110M
  • May 2026Conventional Debt$40M
  • Sep 2025Series C$50M
  • Sep 2025Conventional Debt$27M
Founders & team
HH TingCo-Founder And Chief Strategy OfficerHongHoi TingCo-FounderNicholas Lim WongCoo And Co-Founder
Investors
Prosperity7 Ventures, Sky9 Capital, Summer Capital, Chengwei Capital, Junson Capital, Guanghua Wutong Fund
Tech stack
Alibaba Cloud CdnAnimate.CssBaidu Analytics (百度统计)BootstrapJqueryNginx
#2
Series D · Pudong, Shanghai · founded 2015 · 150 employees
$170Mraised
▾

Developer of immuno-therapeutics for cancer treatment. It offers CAR-T- based therapies and antibodies for the treatment of liver cancer, ovarian cancer, gastric cancer, cervical cancer, non-small cell lung cancer, and others.

Fliar Intelligence Index™ 72how this company ranks against its industry peers
Funding
top 16%
Patents
top 27%
Moat
top 28%
Innovation
top 34%
News
top 36%
Market
top 37%
Funding: Raised $170M across 4 rounds · 4 rounds over 4 yrs (1.0/yr) · Last round Series D (Apr 2026)
Patents: 56 patents matched (strict assignee match) · 55 filings since 2022 vs 1 in 2017-21 · Latest publication 2026
Moat: Editorial + unicorn rating 8/10 · IP moat: 56 patents · Soonicorn
Audience (LinkedIn): 3k LinkedIn followers — 2.9% of this cohort's audience
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: TCE Senior Scientist, Senior Scientist (In vivo CAR-T)
Funding rounds
  • Apr 2026Series D$110M
  • Jan 2026Series C$70M
  • Feb 2023Series B$45M
  • Aug 2022Series B$125M
Founders & team
He XiaowenCo-Founder
Investors
RTW Investments, Qatar Investment Authority, Qiming Venture Partners, C&D, Quan Capital, Sinopharm Capital
#3
Series B · Shanghai, Shanghai · founded 2018
$262Mraised
▾

Developer novel therapeutics for cancer. The company is focusing on developing innovative medicines in oncology and immunology. The company's pipeline include D3S-001 for the treatment of advanced unresectable or metastatic colorectal cancers.

Fliar Intelligence Index™ 40how this company ranks against its industry peers
Funding
top 20%
Growth
top 35%
Talent
bottom 49%
Moat
bottom 48%
Tech
bottom 40%
Global
bottom 38%
Funding: Raised $262M across 3 rounds · 3 rounds over 6 yrs (0.5/yr) · Last round Series B (Dec 2025)
Growth: Fresh capital in last 24 mo
Talent: 1 named leader on record · 1 C-suite/founder profile curated
Funding rounds
  • Dec 2025Series B$108M
  • Apr 2024Series A$62M
  • Nov 2020Series A$200M
Founders & team
George ChenFounder & CEO
Investors
Medicxi, WuXi AppTec, Matrix Partners China, Boyu Capital, Sequoia Capital China, Temasek
Tech stack
CloudflareGoogle AnalyticsHstsHttp/3JqueryMicrosoft 365
#4
Seed · Pudong, Shanghai · founded 2022
$60Mraised
▾

Developer of therapeutics for various diseases. It offers a proprietary dual linker payload ADCs that are delivered to and concentrated in the tumor microenvironment, and bispecific dual payload ADCs that have the benefits of dual targeting that dilever two different MOA of payloads to cancel cells simultaneously.

Fliar Intelligence Index™ 64how this company ranks against its industry peers
Talent
top 28%
Funding
top 29%
Global
bottom 48%
Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
Funding: Raised $60.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round Seed (Nov 2025)
Global: Investors from 1 country beyond China
Funding rounds
  • Nov 2025Seed$60M
Founders & team
Siyi HuCo-FounderZhaoyuan ChenCo-Founder & CEOYanli MaoCo-Founder
Investors
Lapam Capital, Guofang Innovation, Jianxin Capital, Jifeng Ventures, Sino Biopharmaceutical, Decheng Capital
#5
Series B · Pudong, Shanghai · founded 2014 · 300 employees
$208.6Mraised
▾

Developer of the NGS-based platform to detect cancer. The company has methylation haplotyping technology for detecting cancer biomarkers. Tumor cells release circulating tumor DNA (ctDNA) into the blood when undergoing apoptosis or necrosis and this ctDNA is detected as cancer biomarkers. The company has developed a PanSeer assay that measures distinct tumor-specific methylation patterns in adjacent methylation sites. It can detect cancer up to four years before conventional diagnosis.

Fliar Intelligence Index™ 72how this company ranks against its industry peers
Moat
top 21%
Funding
top 26%
Market
top 30%
Patents
top 33%
Innovation
top 41%
Global
bottom 40%
Moat: Editorial + unicorn rating 8/10 · IP moat: 29 patents · Soonicorn
Funding: Raised $209M across 5 rounds · 5 rounds over 8 yrs (0.6/yr) · Last round Series B (Jul 2024)
Market: 300 employees (top 6% of Life Sciences)
Funding rounds
  • Jul 2024Series B$13.8M
  • Jun 2022Series B$44.9M
  • Dec 2020Series B$150M
  • 2018Series A—
Investors
Yangzhou Guojin Investment Group, Yangzhou Longchuan Holding Group, Junci Investment, Forstone Capital, ShenZhen GTJA Investment Group, Detong Capital
#6
Series A · Pudong, Shanghai · founded 2020 · 60 employees
$14.9Mraised
▾

Provider of NK cell therapy for treating cancer, cellular drugs to precisely target of tumors and tumor immune microenvironment (TIME)

Fliar Intelligence Index™ 40how this company ranks against its industry peers
Market
top 45%
Funding
top 46%
Global
bottom 38%
Market: 60 employees (top 31% of Life Sciences)
Funding: Raised $14.9M across 2 rounds · 2 rounds over 4 yrs (0.5/yr) · Last round Series A (Jul 2025)
Global: Investors from 3 countries beyond China
Funding rounds
  • Jul 2025Series A$13.9M
  • Jul 2022Series A$14.9M
Investors
Huagai Capital, Sirius Capital, QJ Capital, Unifortune, CASVC
#7
Public · Shanghai, Shanghai · founded 2014 · 318 employees
$380Mraised
▾

Developer of immuno-oncology drugs for treating cancer and autoimmune diseases. The company has developed an in-house platform to generate monoclonal antibodies through hybridoma and phage display technologies. The company's product line include Olamkicept used for treating ulcerative colitis, TJ202 for Multiple myeloma / Autoimmune diseases, TJ101 for pediatric growth hormone deficiency, TJ301 for Ulcerative colitis / Auto-immune disease, Enoblituzumab for T cell activation combined with tumor-killing, etc.

Fliar Intelligence Index™ 55how this company ranks against its industry peers
Funding
top 21%
Market
top 41%
Moat
top 48%
Talent
bottom 49%
Global
bottom 46%
Tech
bottom 45%
Funding: Raised $380M across 5 rounds · 5 rounds over 9 yrs (0.6/yr) · Last round Post IPO (Feb 2024)
Market: 318 employees (top 5% of Life Sciences) · Top-10,000,000 web property · Serving 2 countries incl. United States, China
Moat: Editorial + unicorn rating 5/10 · 10 curated direct competitors tracked
Audience (LinkedIn): 6k LinkedIn followers — 5.6% of this cohort's audience
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Executive Assistant to Executive Chairman
Funding rounds
  • Feb 2024Post IPO$69.9M
  • Sep 2020Post IPO$418M
  • Jun 2018Series C$220M
  • Mar 2017Series B$150M
Founders & team
Yan JingwuChairman & CEO
Investors
Hillhouse, GIC, Alyeska Investment Group, Sphera Global Healthcare, Perceptive Advisors, Orbimed
#8
Public · Xuhui, Shanghai · founded 2018 · 100 employees
$153.6Mraised
▾

Developer of drugs for the treatment of cancer. The company's products include TY-9591 is used to treat brain metastasis, TY-302 is used to treat solid tumours and ovarian cancer, TY-2136 is used for NSCLC, and TY-1036 is for MTC and NSCLC. These drugs can also be used with the combination of other drugs to treat cancer and other solid tumours.

Funding rounds
  • Dec 2023Series D—
  • Jan 2022Series C$51.7M
  • May 2021Series B$62.1M
  • Dec 2020Series B$39.8M
Founders & team
Wu YushengFounder & CEO
Investors
Guohai Innovation Capital Investment Management, Zhejiang Haibang Investment Management, ZSVC, Wenzhou State-owned Capital Investment and Operation, Huge Capital, Zhejiang Private Enterprise United Investment
#9
Acquired · Shanghai, Shanghai · founded 2017 · 9 employees
$195.2Mraised
▾

Developer of CAR T cell therapies for the treatment of cancer. The company has developed a gene-editing platform to produce multiplex CAR T cell therapies such as FasTCAR, TruUCAR, and Donor-derived CAR for multiple myeloma, lymphoma, and leukemia. The company is also working on a combination of CAR-T with co-stimulatory factors.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 5k LinkedIn followers — 5.5% of this cohort's audience · 99 engagements/post (3.3× cohort median)
Funding rounds
  • Aug 2023Post IPO—
  • Oct 2020Series C$100M
  • Feb 2019Series B$85M
  • Sep 2018Series A$10.2M
Founders & team
Wei CaoFounder & CEO
Investors
Lilly Asia Ventures, 6 Dimensions Capital, Temasek, Kingdon Capital Management, Vivo Capital, Adage Capital Management
Tech stack
Baidu Analytics (百度统计)BootstrapFlickityHammer.JsHugoJquery
#10
Series B · Pudong, Shanghai · founded 2012 · 181 employees
$332.7Mraised
▾

Developer of reformulations for cancer treatment. The company's lead product candidate Liporaxel is used as an oral formulation for the treatment of cancer. Other products of the company include ON101 used for reducing wound inflammation, Lucitanib used for the treatment of cancer, etc.

Funding rounds
  • Jul 2022Series B$14.8M
  • Jul 2020Series B$171.3M
  • Feb 2019Series A$146.6M
Founders & team
Ruiping DongCEO
Investors
Hillhouse, Yingke Capital, Elite Capital & Co, Huagai Capital, Cspc, CASVC
Tech stack
BootstrapCore-JsGoogle Font ApiJqueryOwl Carousel
#11
Series B · Shanghai, Shanghai · founded 2020
$75.3Mraised
▾

Developer of cell therapy to treat solid tumours. The company uses Tumor Infiltration Lymphocytes (TIL) for the development of tumour immunotherapy. TIL is a tumour-specific killer T-cell which targets multiple tumour antigens in the tumour microenvironment.

Funding rounds
  • Sep 2023Series B$60M
  • Dec 2020Series A$15.3M
Founders & team
Liu YarongFounder & CEO
Investors
CICC, Qianhai Ark Asset Management, Yuanhe Capital, Sherpa Healthcare Partners, Decheng Capital, Matrix Partners China
#12
Public · Shanghai, Shanghai · founded 2016 · 476 employees
$410Mraised
▾

CStone Pharma, a Shanghai-Suzhou startup, is developing and licensing novel drugs with a focus on immuno-oncology along with drugs for cardiovascular diseases, hematology and autoimmune diseases (e.g - rheumatoid arthritis). It has a robust oncology pipeline with eight assets in clinical stages. It is working on various targets including IDHm1, PDL-1, FGFR4, RET, PD-1, etc. The lead molecule, TIBSOVO has got FDA approval.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 8k LinkedIn followers — 8.1% of this cohort's audience
Activity: 1 partnerships (incl. Arrotex Pharmaceuticals) announced in 12 mo
Funding rounds
  • Sep 2020Post IPO$200M
  • May 2018Series B$260M
  • Jul 2016Series A$150M
Investors
Oriza Ventures, Boyu Capital, 6 Dimensions Capital, Pfizer, GIC, Yunfeng Capital

Funding & investor landscape

$6.2Btotal disclosed funding
49companies funded
117disclosed rounds
2rounds last 90 days
Most active investors
CDH8 rounds
Qiming Venture Partners7 rounds
TF Capital7 rounds
Hillhouse6 rounds
Huagai Capital6 rounds
Lilly Asia Ventures6 rounds
Orbimed6 rounds
Vivo Capital6 rounds
ShenZhen GTJA Investment Group5 rounds
6 Dimensions Capital4 rounds

Notable founders

HH Ting
Co-Founder And Chief Strategy Officer · Full-Life Technologies
HongHoi Ting
Co-Founder · Full-Life Technologies
He Xiaowen
Co-Founder · OriCell Therapeutics
George Chen
Founder & CEO · D3 Bio
Siyi Hu
Co-Founder · Phrontline Biopharma
Zhaoyuan Chen
Co-Founder & CEO · Phrontline Biopharma
Yan Jingwu
Chairman & CEO · Tianjing Biological
Wu Yusheng
Founder & CEO · TYK Medicines
Wei Cao
Founder & CEO · Gracell Bio
Ruiping Dong
CEO · HaiHe Biopharma
Liu Yarong
Founder & CEO · GRIT Biotechnology
Chris Lu
Founder And Ceo · Laekna
Prism market signals · China · country-scoped Prism corpus, 3,728,296 docs

Market landscape — 10 sub-themes by coverage

Share of Oncology coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

RESEARCH IN SHANGHAI · Health & Bio

How research on Oncology in Shanghai is moving

A read on the academic research around Oncology in Shanghai — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 2,011 papers.

Shanghai Jiao Tong University and Fudan University's cancer centers dominate optimistic oncology research, primarily advancing immunotherapy, biomarkers, and nanotheranostics with overwhelmingly breakthrough-focused output.

2011 papers · stance +0.62 · 42% breakthrough · 7% concern
breakthrough · advancement · concern
top institutions
  • Shanghai Jiao Tong University687
  • Fudan University Shanghai Cancer Center317
  • Shanghai Medical College of Fudan University190
  • Shanghai University of Traditional Chinese Medicine190
  • Shanghai Cancer Institute126
leading researchers
Jiang, Tao · Liu, Xinyu · Qiao, Meng · Wang, Haowei · Zhou, Fei · Ping Hu
prism intelligence · tone & topics
97% positive · 1% critical tone
PharmaceuticalsBiotechnologyClinical TrialsMedical ResearchHealthHealthcare
▲ Breakthroughs790 · 39%
▼ 43%→39% share
▼0.9× share momentum3 median citations95% since 2021mostly methods-led
Tumor microenvironment research is exploding — breakthrough papers surged from 6 to 357, driving 43% of Shanghai oncology breakthroughs.
rising sub-themes (early→recent)
  • Tumor microenvironment6→357
  • Immunotherapy2→306
  • Immune system3→273
  • Cancer research9→268
  • Cancer immunotherapy1→150
Newly emergingCancer cell 0→47 · Transcriptome 0→38 · Reactive oxygen species 0→37
Landmark TIMER2.0 for analysis of tumor-infiltrating immune cells · 5,542 cites
◆ Advancements961 · 48%
▲ 36%→48% share
▲1.3× share momentum4 median citations94% since 2021mostly empirical
Advancements field-share rose 36%→48%; Cancer and Lung cancer newly emerged with 175 and 67 papers respectively.
rising sub-themes (early→recent)
  • Tumor microenvironment6→509
  • Immune system2→404
  • Cancer research7→353
  • Immunotherapy5→326
  • Cancer immunotherapy4→118
Newly emergingCancer 0→175 · Lung cancer 0→67 · Transcriptome 0→56
Landmark Crosstalk between cancer-associated fibroblasts and immune cells in the tumor microenvironment: new findings and future · 2,188 cites
▼ Concerns127 · 6%
▼ 14%→6% share
▼0.4× share momentum5 median citations90% since 2021mostly reviews
Concern signals are cooling overall (14%→6%), yet Chimeric antigen receptor risks newly emerged with 10 papers.
rising sub-themes (early→recent)
  • Tumor microenvironment2→66
  • Immunotherapy1→54
  • Immune system1→39
  • Cancer3→36
  • Cancer immunotherapy1→20
Newly emergingReprogramming 0→10 · Chimeric antigen receptor 0→10 · Lung cancer 0→8
Landmark Immune checkpoint signaling and cancer immunotherapy · 1,331 cites

Common questions

How many Oncology companies are there in Shanghai, China?
Radar tracks 93 indexable Oncology companies headquartered in Shanghai, China that meet our profile-completeness bar.
What is the total funding raised by Oncology companies in Shanghai, China?
The Oncology companies in Shanghai, China on this list have raised a combined $6.2B in disclosed equity funding across 49 funded companies.
Which is the highest-funded Oncology company in Shanghai, China?
CStone Pharma is the highest-funded Oncology company in Shanghai, China, with $410M in disclosed equity funding.
How many Oncology companies in Shanghai, China are funded?
49 of the 93 Oncology companies in Shanghai, China on this list have disclosed at least one equity funding round.
How many Oncology unicorns are there in Shanghai, China?
None of the Oncology companies in Shanghai, China on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Shanghai, China Oncology companies?
The most active investors in Shanghai, China Oncology companies on this list include CDH, Qiming Venture Partners, TF Capital, Hillhouse, Huagai Capital.
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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