What this index holds, how it is built, and what its record does not cover. Morningstar Indexes, built with PitchBook.
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.
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.
The provider's own reporting notes that where transactions are infrequent, secondary-market marks can stay unchanged even as new information emerges.
| Field | Value |
|---|---|
| Provider | Morningstar Indexes, built with PitchBook |
| Inception | October 18, 2022 |
| Performance record starts | December 18, 2015 |
| Constituents | 100 |
| Weighting | Market Capitalization |
| Rebalance | Quarterly (next September 21, 2026) |
| Currency | USD |
| How constituents are priced | Not 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 methodology | None that we could find. The index page, the family page and the provider's screener all link no rulebook or factsheet. |
| Variants | Morningstar PitchBook Asia Unicorn 100 GR USD Morningstar PitchBook Asia Unicorn 100 PR USD |
| Identifiers | FS0000HS68 (Morningstar fund ID) |
Named constituents as of August 31, 2026.
Membership as the index provider published it on this date. PrePost shows which companies are in the index, not their weights.
| Company | PrePost | Estimate | Confidence |
|---|---|---|---|
| ByteDance | Listed | No PrePost figure yet | |
| SHEIN | Listed | No PrePost figure yet | |
| Yuezhianmian Technology | Listed | No PrePost figure yet | |
| Genki Forest | Listed | No PrePost figure yet | |
| PhonePe | Listed | No PrePost figure yet | |
| Xiaohongshu | Listed | No PrePost figure yet | |
| Xingsheng Selected | Listed | No PrePost figure yet | |
| GAC Aion | Listed | No PrePost figure yet | |
| Bitmain | Listed | No PrePost figure yet | |
| Lalamove | Listed | No PrePost figure yet | |
| Airwallex | Listed | No PrePost figure yet | |
| Guazi Used Car | Listed | No PrePost figure yet | |
| HeyTea | Listed | No PrePost figure yet | |
| Yanolja | Listed | No PrePost figure yet | |
| Dream Sports | Listed | No PrePost figure yet | |
| UNISOC | Listed | No PrePost figure yet | |
| WeDoctor | Listed | No PrePost figure yet | |
| Toss | Listed | No PrePost figure yet | |
| Ola | Listed | No PrePost figure yet | |
| Razorpay | Listed | No PrePost figure yet | |
| Zepto Marketplace | Listed | No PrePost figure yet | |
| Momenta ( Automation/Workflow Software) | Listed | No PrePost figure yet | |
| JD Property | Listed | No PrePost figure yet | |
| SVOLT | Listed | No PrePost figure yet | |
| Envision AESC | Listed | No PrePost figure yet | |
| OfBusiness | Listed | No PrePost figure yet | |
| BharatPe | Listed | No PrePost figure yet | |
| Gcash | Listed | No PrePost figure yet | |
| Xiaodu Technology | Listed | No PrePost figure yet | |
| Dailyhunt | Listed | No PrePost figure yet | |
| Industrial Cloud Manufacturing | Listed | No PrePost figure yet | |
| Supabase | Listed | No PrePost figure yet | |
| Miaoshou Doctor | Listed | No PrePost figure yet | |
| CNNP Rich Energy | Listed | No PrePost figure yet | |
| ShareChat | Listed | No PrePost figure yet | |
| Didi Autonomous Driving | Listed | No PrePost figure yet | |
| Medlinker | Listed | No PrePost figure yet | |
| Dayone | Listed | No PrePost figure yet | |
| Chipone | Listed | No PrePost figure yet | |
| AbogenBio | Listed | No PrePost figure yet | |
| Megazone Cloud | Listed | No PrePost figure yet | |
| Face++ | Listed | No PrePost figure yet | |
| DeepBlue Technology | Listed | No PrePost figure yet | |
| J@lc | Listed | No PrePost figure yet | |
| Unacademy | Listed | No PrePost figure yet | |
| Lentra | Listed | No PrePost figure yet | |
| Galbot | Listed | No PrePost figure yet | |
| Weilai China | Listed | No PrePost figure yet | |
| OYO Rooms | Listed | No PrePost figure yet | |
| Gentle Monster | Listed | No PrePost figure yet | |
| CHINT(Zhejiang) | Listed | No PrePost figure yet | |
| CanSemi | Listed | No PrePost figure yet | |
| Hithium | Listed | No PrePost figure yet | |
| Dongchedi | Listed | No PrePost figure yet | |
| Eruditus Executive Education | Listed | No PrePost figure yet | |
| Xtransfer | Listed | No PrePost figure yet | |
| Yipin Shengxian | Listed | No PrePost figure yet | |
| Terminus Technologies | Listed | No PrePost figure yet | |
| Banma Network | Listed | No PrePost figure yet | |
| Galaxea Ai | Listed | No PrePost figure yet | |
| Traveloka | Listed | No PrePost figure yet | |
| SUNWODA EVB | Listed | No PrePost figure yet | |
| Pioneer Polaris | Listed | No PrePost figure yet | |
| NewLink (Beijing) | Listed | No PrePost figure yet | |
| Tridge | Listed | No PrePost figure yet | |
| Yeestor Microelectronics | Listed | No PrePost figure yet | |
| Spirit Ai Robotics | Listed | No PrePost figure yet | |
| Trinahome | Listed | No PrePost figure yet | |
| LXJ China | Listed | No PrePost figure yet | |
| Gokin Solar | Listed | No PrePost figure yet | |
| Inspur Cloud | Listed | No PrePost figure yet | |
| Dreame Technology | Listed | No PrePost figure yet | |
| Cloudminds Robotics | Listed | No PrePost figure yet | |
| Baichuan AI | Listed | No PrePost figure yet | |
| Beneunder | Listed | No PrePost figure yet | |
| Coda Payments | Listed | No PrePost figure yet | |
| Fujian Deer Technology | Listed | No PrePost figure yet | |
| Lishen Battery | Listed | No PrePost figure yet | |
| Sakana Ai | Listed | No PrePost figure yet | |
| Infra.Market | Listed | No PrePost figure yet | |
| Shougangzhixin | Listed | No PrePost figure yet | |
| Moglix | Listed | No PrePost figure yet | |
| Zhidao Network | Listed | No PrePost figure yet | |
| ESWIN Computing | Listed | No PrePost figure yet | |
| Kunlunxin | Listed | No PrePost figure yet | |
| FTS (China) | Listed | No PrePost figure yet | |
| Prismlab | Listed | No PrePost figure yet | |
| Cars24 | Listed | No PrePost figure yet | |
| AVATR Technology | Listed | No PrePost figure yet | |
| Aricen | Listed | No PrePost figure yet | |
| Coindcx | Listed | No PrePost figure yet | |
| Hello Inc. | Listed | No PrePost figure yet | |
| Silicon Magic Semiconductor | Listed | No PrePost figure yet | |
| ProLogium | Listed | No PrePost figure yet | |
| EcoCeres | Listed | No PrePost figure yet | |
| Zetwerk | Listed | No PrePost figure yet | |
| Voyah Car Technology | Listed | No PrePost figure yet | |
| Enflame Technology | Listed | No PrePost figure yet | |
| CosmoPlat | Listed | No PrePost figure yet | |
| Dasouche | Listed | No PrePost figure yet | |
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.
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.
An index is not an investment. Tracking one costs money and the product that tracks it may not hold what the index holds. This page describes the index, not any product, and is not investment advice.
Last updated 2026-09-12. See also how we verify and our disclaimer.