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Radar · Retail in Hong Kong

Best Retail Companies in Hong Kong, China

The 399 best Retail companies in Hong Kong, China in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: A.S. Watson.

399companies tracked
$11.9Bdisclosed funding
4unicorns
64have raised

Ranked: Best Retail companies in Hong Kong

#CompanyDisclosed fundingLast roundEmployeesFounderTech stackWeb popularityRecent signals
1A.S. Watson
Health and beauty products retailer
$5.7B146 mo ago140,000Kulvinder Birring
CEO
WordPress Block EditorWordPressMySQL+23Top 5M1 launch · 1 partnership
2Sun Art Retail
Hypermarket operator in China
$2.9B102 mo ago147,693—PHPMicrosoft 365HSTS+1Top 50M—
3Lalamove 🦄
Tech company providing on demand delivery solutions
$2.3B54 mo ago—Gary Hui
Co-Founder
———
4Mobvoi
Developer of AI-powered voice interaction and generative AI technologies
$255M110 mo ago700Yuanyuan Li
Co Founder
Cart FunctionalityVue.jsApache APISIX+22Top 500k—
5Perfect Diary 🦄
Internet first brand offering multi-category cosmetics products
$240M68 mo ago15Jinfeng Huang
Founder & CEO
Cart FunctionalityShopifySentry+28Top 5M—
6Cider 🦄
Internet first brand offering apparel for women
$140M57 mo ago600Fenco Lin
Co-Founder
SentryZendeskGoogle Sign-in+23Top 50k—
7Popmart 🦄
Market-leading character-based entertainment company and global champion of designer toy culture.
$100M73 mo ago4,148Ning Wang
Founder & CEO
Cart FunctionalityShopifyEasyGift+30Top 50k—
8Shopline
Shopify of Asia
$48M76 mo ago214—Cart FunctionalityShoplineWordPress+32Top 500k—
9Sparkle Roll Group
Manufacturer and distributor of stationery and daily necessities
$42M188 mo ago456Zheng Hao Jiang
Chairman & CEO
———
10Cybermiles
Blockchain-based smart contract templates for the e-commerce industry
$32M102 mo ago12Michael Yuan
Co-Founder & CSO
———
11Storiqa
Decentralized marketplace
$25M100 mo ago—Evgeniy Popov
Co-Founder
———
12Grana
Internet first brand of casual apparel wear for men and women
$16M103 mo ago40—NginxOpenRestyGoogle Cloud+1Top 5M—
13FreeD Group
Digital transformation and commerce enablement solutions for enterprises
$15M34 mo ago—Kenneth Lee
Co-Founder & Cpo
———
14Banuba
Developer of augmented reality software development kits and virtual try-on platform
$12M90 mo ago100Dmitry Ogievich
Co-Founder & CEO
HubSpot CMS HubLazySizesjQuery+19Top 1M7 launchs
15Goxip
Fashion discovery through images and social network
$8M91 mo ago20Yc Lau
Co-Founder & Chief Product Officer
———
16Wristcheck
Retailer of watches
$8M41 mo ago—Sean Wong
Co-Founder
Cart FunctionalitySentryApple iCloud Mail+28Top 1M2 job openings · 1 launch
17AllScale
Online platform for global payments and payroll with stablecoins
$6M6 mo ago—Shawn Pang
Co-Founder & CEO
Webflow EcommerceCart FunctionalityWebflow+17Top 500k2 launchs · 2 partnerships
18TR Lab
Online platform for discovering and collecting NFT art from artists
$6M33 mo ago21Xin Li-Cohen
Co-Founder
Cart FunctionalityShopifyVisa+20Top 10M—
19KICKSCREW
Online retailer offering sneakers for men and women
$6M30 mo ago150—ShopifyCart FunctionalityNode.js+34Top 100k—
20Takung Art
Online shared ownership art trading platform
$6M58 mo ago22————
21Markato
B2B wholesale marketplace platform offering multi-category products
$5M33 mo ago—Brian L
Co-Founder
Node.jsReactNext.js+16Top 5M—
22Ibox
Provides mPoS hardware and software solution.
$5M126 mo ago18Pavel Sadovnikov
Founder & CEO
Animate.cssMicrosoft ASP.NETRequireJS+9Top 5M—
23Floship
Ecommerce delivery services
$5M35 mo ago70—WordPressMySQLPHP+22Top 5M2 job openings · 1 launch · 1 partnership
24Peeba
Online B2B cross-border marketplace for multi-category products
$4M36 mo ago39—Cart FunctionalityZohoGoogle Sign-in+25Top 10M—
25Easyship
Provider of shipping solution for eCommerce sellers
$4M90 mo ago197—WebflowApple iCloud MailGoogle Workspace+31Top 500k—
26Beamgift
Platform to send gifts/coupons instantly
$4M104 mo ago—Mark Deepak
Founder
———
27Return
Provider of eCommerce support solutions for retailers
$3M22 mo ago45Paco Wong
Co-Founder
Wix eCommerceWixSentry+26Top 50M2 partnerships
28Omnichat
Omnichannel messaging platform for e-commerce marketing
$3M49 mo ago100Alan Chan
Founder & CEO
WordPress Block EditorWordPress Site EditorElementor+38Top 1M—
29Retykle
Online consignment store offering pre-owned clothes and accessories for children
$2M35 mo ago25Sarah Garner
Founder & CEO
Cart FunctionalityShopifySentry+38Top 5M—
30BuyHive
Online B2B marketplace platform connecting buyers and manufacturers
$2M57 mo ago—Michael Hung
Co-Founder & CMO
Cart FunctionalityWordPressMySQL+33Top 50M—
31Nordic Enterprises
Provider of kids and education audio products
$2M69 mo ago—Petur Olafsson
CEO
———
32Narwel
Manufacturer of a vacuum cleaning robot for home applications
$1M92 mo ago—————
33Hkdecoman
Online platform to find & book home renovation services
$1M92 mo ago28Andy Lau
Co-Founder
WordPress Block EditorwpBakeryElementor+42Top 1M—
34Snaptee
Internet first brand of t-shirt design through Smartphone photos
$1M141 mo ago11—Cart FunctionalityShopifyApple iCloud Mail+28Top 10M—
35PassKit
Proximity marketing and loyalty solutions
$1M142 mo ago13Paul Tomes
Co-Founder and CEO
Google MapsMUIReact Router+26Top 5M—
36DFS Group
Operator of luxury duty-free retail stores
$1M49 mo ago6,000—Node.jsSalesforceElement UI+17Top 500k—
37KOKOLU
Internet first brand offering shoes
$1M55 mo ago—Lucas Tan
Co-Founder
Cart FunctionalityShopifyHandlebars+34Top 50M—
38Purecomm
Cloud based software developer for e-commerce companies
$1M132 mo ago1Charlie Bodycote
Co-Founder & Managing Director
———
39uDroppy
Provider of suite solution for businesses
$800K53 mo ago23Nicolo Augusto Manica
Co-Founder
WordPressMySQLPHP+23Top 50M—
40Luxify
Online marketplace for pre-owned luxury products
$800K99 mo ago11—Cart FunctionalityShopifyBootstrap+21Top 5M—
41Hong Kong Tesla Technology
Smart pet care accessories developer
$790K136 mo ago2————
42Craftyful
The Amazon of Crafts Supplies
$250K——Ken Lee
Founder & Chief Crafter
———
43Cartpanda
Platform offering eCommerce solution for online businesses
$125K60 mo ago35—TypeScriptMonaco EditorTailwind CSS+27Top 50k—
44Delvify
Provider of AI-powered e-commerce solutions
$120K67 mo ago13Charles Allard
Founder
———
45Branch8
Ecommerce enabler and cross platform selling tool
$120K130 mo ago4Jackie Kong
Co Founder
Node.jsRadix UITailwind CSS+16Top 50M1 expansion
46Dayta
Provider of an AI and cloud-based video analytics platform for retailers
$100K35 mo ago35Patrick Tu
Co-Founder & CEO
———

Top 12 Retail companies in Hong Kong

#1
Seed · Hong Kong, Hong Kong
$6.5Mraised
▾

Online platform for global payments and payroll with stablecoins. It enables users to send invoices, process payroll, and collect payments using digital currencies or local money across borders. It offers tools for creating payment links and managing financial operations without requiring recipient accounts. It supports reporting and helps small businesses manage payouts with consistency.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 3k LinkedIn followers
Activity: 2 product launches · 2 partnerships (incl. Circle Alliance Program) announced in 12 mo
Funding rounds
  • Dec 2025Seed$5M
  • Jun 2025Seed$1.5M
Founders & team
Shawn PangCo-Founder & CEO
Investors
Draper Dragon, Amber Group, KuCoin, y2z, Oak Grove Ventures, BlockBooster
#2
Series F · Kowloon, Hong Kong · founded 2013
$2.3Braised
▾

Tech company providing on demand delivery solutions. It provides same-day delivery and courier services, allowing users to send a variety of products such as documents, food and beverage items, flowers, gadgets, and furniture. Users may track packages in real time. It is an on-demand delivery platform that provides van and vehicle rental.

Funding rounds
  • Dec 2021Series F—
  • Jan 2021Series F$1.3B
  • Dec 2020Series E$515M
  • Feb 2019Series D$300M
Founders & team
Gary HuiCo-FounderJohn TangCo-FounderShing ChowCo-Founder & CEO
Investors
Shunwei Capital, Hillhouse, HongShan, AppWorks, Asia Plus, Mindworks Capital
#3
Late Stage · Hong Kong, Hong Kong · founded 1841 · 140000 employees
$5.7Braised
▾

A.S. Watson Group is a health and beauty products retailer.It sells health and beauty products, luxury perfumeries,cosmetics,food, electronics,wine, and beverages.As of September 2016, the company claims to operate 12,800 stores across Asia and Europe. Brands under which it operates its stores include Watsons, Kruidvat, Rossmann, The Perfume Shop, ParknShop etc. The company recorded revenues of HK$157.4 billion in 2014.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 109k LinkedIn followers — 17.0% of this cohort's audience
Activity: 1 product launches · 1 partnerships (incl. AS Watson) announced in 12 mo
Founders & team
Kulvinder BirringCEO
Investors
Temasek
Tech stack
AkamaiAkamai Bot ManagerAkamai MpulseAkamai Web Application ProtectorAlloyuiApache Http Server
#4
Series A · Hong Kong, Hong Kong · founded 2018 · 45 employees
$3.3Mraised
▾

Provider of eCommerce support solutions for retailers

LinkedIn Pulse recent public activity · Jul 2026
Audience: 1k LinkedIn followers
Activity: 2 partnerships (incl. Global-e) announced in 12 mo
Funding rounds
  • Aug 2024Series A$1.8M
  • May 2023Seed$1.5M
  • 2022Seed—
Founders & team
Paco WongCo-Founder
Investors
HIRAC FUND, AVA, Cornerstone Venture Partners, Colopl Next, Cornerstone Ventures
#5
Acquired · Hong Kong, Hong Kong · founded 1998 · 147693 employees
$2.9Braised
▾

Sun Art Retail is a hypermarket operator in China. As of 31 Dec 2015 they claim to have a 13.7% market share. They operate around 409 hypermarket complexes located in more than 28 provinces and municipalities around China. They also operate two premium supermarkets RT-Mart and Auchan under the brand names of “RH Lavia” and “Hi Auchan” in Changzhou City and Shanghai City respectively. In 2014, they launched an e-commerce platform feiniu.com and in December 2015, they launched Auchanwines. Acquired Fieldschina, an online grocery store, on April 2015 and Xiaohehe, a mobile O2O platform targeting university campuses, in September 2015. As part of the IPO in 2011, Sun Art sold $420 million shares to investors like Tiger Global, General Atlantic, Hillhouse Capital Management, etc. In 2019, the company recorded annual revenues of $13.8B, and a net profit of $0.4B.

Funding rounds
  • Nov 2017Post IPO$2.9B
  • 2011PE—
Investors
Alibaba Group, General Atlantic
Tech stack
GodaddyHstsMicrosoft 365Php
#6
Series B · Kowloon, Hong Kong · founded 2017 · 15 employees
$240Mraised
▾

Internet first brand offering multi-category cosmetics products. The product catalog includes lip glaze, lip pencils, lipstick, eyeliner, eyebrow pencil, eye shadow, makeup brushes, and makeup removal liquids. It also offers content related to makeup techniques and tips on its website.

Funding rounds
  • Sep 2020Series B$140M
  • Apr 2020Series B$100M
  • Sep 2019Series A—
  • May 2018Series A—
Founders & team
Jinfeng HuangFounder & CEO
Investors
Boyu Capital, Hopu Investments, Warburg Pincus, The Carlyle Group, Loayal Valley Capital, Gaorong Capital
Tech stack
American ExpressApple PayCart FunctionalityCdnjsCloudflareCloudflare Bot Management
#7
Cider 🦄
Series B · Hong Kong, Hong Kong · founded 2020 · 600 employees
$140Mraised
▾

Internet first brand offering apparel for women. The product catalog includes dresses, tops, bottoms, denim, swimwear, accessories, tops, knitwear, sweatshirts, skirts, shirts, trousers, etc.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 96k LinkedIn followers — 14.9% of this cohort's audience
Funding rounds
  • Sep 2021Series B$130M
  • May 2021Series A—
  • Sep 2020Seed$10M
  • 2020Seed—
Founders & team
Fenco LinCo-FounderYu OppelCo-FounderMichael WangCofounder and CEO
Investors
Andreessen Horowitz, IDG Capital, Decent Capital, Chuxin Capital, Fengshui Capital, DST Global
Tech stack
Amazon Web ServicesApplovinAwinBoomerangCloudflareCloudflare Bot Management
#8
Series B · Hong Kong, Hong Kong · founded 2015
$15Mraised
▾

Digital transformation and commerce enablement solutions for enterprises. It provides a full suite of solutions to help engage, retain, and monetize customers and employees. It leverages artificial intelligence, big data, and machine learning to deliver its solutions, emphasizing customer engagement, revenue growth, and more.

Funding rounds
  • Jul 2023Series B—
  • Jun 2022Series B$15M
  • 2022Series A—
Founders & team
Kenneth LeeCo-Founder & CpoWenbin WangCo-FounderAbel ZhaoCo-Founder
Investors
Musketeer Capital, Linear Venture, Orbit Ventures, Daiwa Securities Group, Chinachem Group, HKSTP
#9
Series A · Tsuen Wan, Hong Kong · founded 2008 · 150 employees
$6Mraised
▾

Online retailer offering sneakers for men and women. The product catalog includes sneakers of various brands. It also includes watches. The company claims that the products are gone through a quality control check across all attributes of a product to ensure the authenticity.

Funding rounds
  • Dec 2023Angel—
  • Mar 2022Series A$6M
Investors
Gobi Partners, Pacific Century Group, Yingke, Complex
Tech stack
AddshoppersAppnexusBunnyCart FunctionalityCloudflareCloudflare Bot Management
#10
Public · Kowloon, Hong Kong · founded 2012 · 700 employees
$255Mraised
▾

Developer of AI-powered voice interaction and generative AI technologies. It offers AI CoPilot experiences through software and hardware solutions for content creators, enterprises, and consumers. These solutions include AI voiceover assistants and automotive voice interaction systems. The company also develops universal large language models. Its offerings are designed to provide personalized AI assistance for various tasks.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 4k LinkedIn followers
Activity: 3 product launches announced in 12 mo
Funding rounds
  • Apr 2017Series D$180M
  • Feb 2014Series B$10M
Founders & team
Yuanyuan LiCo FounderZhifei LFounder & CEO
Investors
SIG China, Sequoia Capital, Volkswagen China
Tech stack
Apple Sign-InAttentiveBabelCart FunctionalityCloudflareCloudflare Bot Management
#11
Seed · Hong Kong, Hong Kong · founded 2009 · 21 employees
$6.2Mraised
▾

Online platform for discovering and collecting NFT art from artists. The platform offers NFT works to collectors and art lovers, as well as empowers the next generation of the art community by unlocking access to art projects. It also provides end-to-end service for both artists and collectors to engage with NFT art from digital production to direct issuance.

Funding rounds
  • Sep 2023Seed$5M
  • Jan 2022Seed$4.2M
Founders & team
Xin Li-CohenCo-FounderMia DengCo-Founder
Investors
Hivemind Capital, OKX, HashKey Capital, Pace Gallery, Animoca Brands, Metapurse
Tech stack
Amazon Web ServicesAmerican ExpressAosApple PayCart FunctionalityCloudflare
#12
Popmart 🦄
Public · Kowloon, Hong Kong · founded 2010 · 4148 employees
$100Mraised
▾

POP MART is a market-leading character-based entertainment company that specializes in designer toy culture. They have a global presence and are known for their innovative approach to the industry.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 239k LinkedIn followers — 37.3% of this cohort's audience
Funding rounds
  • Apr 2020Series C$100M
  • May 2014Series B—
  • Jan 2011Seed—
Founders & team
Ning WangFounder & CEO
Investors
Loayal Valley Capital, Golden Eagle, VenturesLab, Guangdong Hexiang Investment Management, QF Capital, Starworld Capital
Tech stack
Amazon AdvertisingAmazon WebstoreApple Icloud MailApple Sign-InCart FunctionalityCloudflare

Funding & investor landscape

$11.9Btotal disclosed funding
49companies funded
80disclosed rounds
0rounds last 90 days
Most active investors
RISE8 rounds
Gobi Partners7 rounds
SOW Asia6 rounds
Eureka Nova5 rounds
Alibaba Entrepreneurs Fund4 rounds
GLOBAL ACCELERATION ACADEMY4 rounds
ParticleX4 rounds
SXE Ventures4 rounds
The Mills Fabrica4 rounds
Wavemaker Partners4 rounds

Notable founders

Shawn Pang
Co-Founder & CEO · AllScale
Gary Hui
Co-Founder · Lalamove
John Tang
Co-Founder · Lalamove
Kulvinder Birring
CEO · A.S. Watson
Paco Wong
Co-Founder · Return
Jinfeng Huang
Founder & CEO · Perfect Diary
Fenco Lin
Co-Founder · Cider
Yu Oppel
Co-Founder · Cider
Kenneth Lee
Co-Founder & Cpo · FreeD Group
Wenbin Wang
Co-Founder · FreeD Group
Yuanyuan Li
Co Founder · Mobvoi
Zhifei L
Founder & CEO · Mobvoi
Prism market signals · China · country-scoped Prism corpus, 3,797,903 docs

Market landscape — 10 sub-themes by coverage

Share of Retail coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

Common questions

How many Retail companies are there in Hong Kong, China?
Radar tracks 399 indexable Retail companies headquartered in Hong Kong, China that meet our profile-completeness bar.
What is the total funding raised by Retail companies in Hong Kong, China?
The Retail companies in Hong Kong, China on this list have raised a combined $11.9B in disclosed equity funding across 49 funded companies.
Which is the highest-funded Retail company in Hong Kong, China?
A.S. Watson is the highest-funded Retail company in Hong Kong, China, with $5.7B in disclosed equity funding.
How many Retail companies in Hong Kong, China are funded?
49 of the 399 Retail companies in Hong Kong, China on this list have disclosed at least one equity funding round.
How many Retail unicorns are there in Hong Kong, China?
4 Retail companies in Hong Kong, China on this list are valued at $1B or more.
Who are the top investors in Hong Kong, China Retail companies?
The most active investors in Hong Kong, China Retail companies on this list include RISE, Gobi Partners, SOW Asia, Eureka Nova, Alibaba Entrepreneurs Fund.
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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