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Morningstar PitchBook Asia Unicorn 100

What this index holds, how it is built, and what its record does not cover. Morningstar Indexes, built with PitchBook.

What it tracks

The Morningstar PitchBook Asia Unicorn 100 Index tracks the largest privately held, late-stage venture capital-backed companies in Asia with post-money valuations of at least $1 billion. Index constituents are derived from PitchBook’s database of venture capital-backed companies, and the index methodology employs a proprietary three-factor pricing model to estimate daily valuations. The indexes deliver timely insights and unprecedented transparency into the performance and behavior of Asia’s 100 largest unicorns.

The Asian unicorn market, which the provider's own reporting shows behaving differently from the US one.

Run by Morningstar Indexes, built with PitchBook. PrePost has no relationship with the provider and is not paid to list this index.

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Most of the record is backfilled

The index began on 2022-10-18. Its performance record starts 2015-12-18, so the years before 2022-10-18 are backfilled rather than live. A long-run return quoted for this index is mostly a backtest.

Private marks can be stale

The provider's own reporting notes that where transactions are infrequent, secondary-market marks can stay unchanged even as new information emerges.

How the index is built

FieldValue
ProviderMorningstar Indexes, built with PitchBook
InceptionOctober 18, 2022
Performance record startsDecember 18, 2015
Constituents100
WeightingMarket Capitalization
RebalanceQuarterly (next September 21, 2026)
ReconstitutionSemi Annually
CurrencyUSD
How constituents are pricedNot published as a rule. The provider's quarterly reporting on this family sources its secondary-market marks to Caplight, alongside Morningstar and PitchBook data.
Published methodologyNone that PrePost could find on the provider's own pages.
VariantsMorningstar PitchBook Asia Unicorn 100 GR USD
Morningstar PitchBook Asia Unicorn 100 PR USD
IdentifiersFS0000HS68 (Morningstar fund ID)

What is in it

Named constituents as of August 31, 2026.

PrePost has a sourced figure for 0 of the 100 private constituents.

Membership as the index provider published it on this date. PrePost shows which companies are in the index, not their weights.

CompanyPrePostEstimateConfidence
ByteDanceNamedNo PrePost page
SHEINNamedNo PrePost page
Yuezhianmian TechnologyNamedNo PrePost page
Genki ForestNamedNo PrePost page
PhonePeNamedNo PrePost page
XiaohongshuNamedNo PrePost page
Xingsheng SelectedNamedNo PrePost page
GAC AionNamedNo PrePost page
BitmainNamedNo PrePost page
LalamoveNamedNo PrePost page
AirwallexNamedNo PrePost page
Guazi Used CarNamedNo PrePost page
HeyTeaNamedNo PrePost page
YanoljaNamedNo PrePost page
Dream SportsNamedNo PrePost page
UNISOCNamedNo PrePost page
WeDoctorNamedNo PrePost page
TossNamedNo PrePost page
OlaNamedNo PrePost page
RazorpayNamedNo PrePost page
Zepto MarketplaceNamedNo PrePost page
Momenta ( Automation/Workflow Software)NamedNo PrePost page
JD PropertyNamedNo PrePost page
SVOLTNamedNo PrePost page
Envision AESCNamedNo PrePost page
OfBusinessNamedNo PrePost page
BharatPeNamedNo PrePost page
GcashNamedNo PrePost page
Xiaodu TechnologyNamedNo PrePost page
DailyhuntNamedNo PrePost page
Industrial Cloud ManufacturingNamedNo PrePost page
SupabaseNamedNo PrePost page
Miaoshou DoctorNamedNo PrePost page
CNNP Rich EnergyNamedNo PrePost page
ShareChatNamedNo PrePost page
Didi Autonomous DrivingNamedNo PrePost page
MedlinkerNamedNo PrePost page
DayoneNamedNo PrePost page
ChiponeNamedNo PrePost page
AbogenBioNamedNo PrePost page
Megazone CloudNamedNo PrePost page
Face++NamedNo PrePost page
DeepBlue TechnologyNamedNo PrePost page
J@lcNamedNo PrePost page
UnacademyNamedNo PrePost page
LentraNamedNo PrePost page
GalbotNamedNo PrePost page
Weilai ChinaNamedNo PrePost page
OYO RoomsNamedNo PrePost page
Gentle MonsterNamedNo PrePost page
CHINT(Zhejiang)NamedNo PrePost page
CanSemiNamedNo PrePost page
HithiumNamedNo PrePost page
DongchediNamedNo PrePost page
Eruditus Executive EducationNamedNo PrePost page
XtransferNamedNo PrePost page
Yipin ShengxianNamedNo PrePost page
Terminus TechnologiesNamedNo PrePost page
Banma NetworkNamedNo PrePost page
Galaxea AiNamedNo PrePost page
TravelokaNamedNo PrePost page
SUNWODA EVBNamedNo PrePost page
Pioneer PolarisNamedNo PrePost page
NewLink (Beijing)NamedNo PrePost page
TridgeNamedNo PrePost page
Yeestor MicroelectronicsNamedNo PrePost page
Spirit Ai RoboticsNamedNo PrePost page
TrinahomeNamedNo PrePost page
LXJ ChinaNamedNo PrePost page
Gokin SolarNamedNo PrePost page
Inspur CloudNamedNo PrePost page
Dreame TechnologyNamedNo PrePost page
Cloudminds RoboticsNamedNo PrePost page
Baichuan AINamedNo PrePost page
BeneunderNamedNo PrePost page
Coda PaymentsNamedNo PrePost page
Fujian Deer TechnologyNamedNo PrePost page
Lishen BatteryNamedNo PrePost page
Sakana AiNamedNo PrePost page
Infra.MarketNamedNo PrePost page
ShougangzhixinNamedNo PrePost page
MoglixNamedNo PrePost page
Zhidao NetworkNamedNo PrePost page
ESWIN ComputingNamedNo PrePost page
KunlunxinNamedNo PrePost page
FTS (China)NamedNo PrePost page
PrismlabNamedNo PrePost page
Cars24NamedNo PrePost page
AVATR TechnologyNamedNo PrePost page
AricenNamedNo PrePost page
CoindcxNamedNo PrePost page
Hello Inc.NamedNo PrePost page
Silicon Magic SemiconductorNamedNo PrePost page
ProLogiumNamedNo PrePost page
EcoCeresNamedNo PrePost page
ZetwerkNamedNo PrePost page
Voyah Car TechnologyNamedNo PrePost page
Enflame TechnologyNamedNo PrePost page
CosmoPlatNamedNo PrePost page
DasoucheNamedNo PrePost page

Verified means a full PrePost profile with sourced figures. Listed means the company is named here because a benchmark we track names it; PrePost has published no figure for it and does not rank it. Public means it has left the private market and can be bought through any broker.

Vehicles that track it

None that PrePost tracks. That does not mean none exists: a product can track an index without PrePost having verified it, and PrePost lists a vehicle only once it can source what the vehicle is and what it holds.

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Sources

An index is not an investment, and a product that tracks one may not hold what it holds. This page describes the index, not any product. Not investment advice.

Last updated 2026-09-20. See also how we verify and our disclaimer.