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)
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 we could find. The index page, the family page and the provider's screener all link no rulebook or factsheet.
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 named constituents.

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

CompanyPrePostEstimateConfidence
ByteDanceListedNo PrePost figure yet
SHEINListedNo PrePost figure yet
Yuezhianmian TechnologyListedNo PrePost figure yet
Genki ForestListedNo PrePost figure yet
PhonePeListedNo PrePost figure yet
XiaohongshuListedNo PrePost figure yet
Xingsheng SelectedListedNo PrePost figure yet
GAC AionListedNo PrePost figure yet
BitmainListedNo PrePost figure yet
LalamoveListedNo PrePost figure yet
AirwallexListedNo PrePost figure yet
Guazi Used CarListedNo PrePost figure yet
HeyTeaListedNo PrePost figure yet
YanoljaListedNo PrePost figure yet
Dream SportsListedNo PrePost figure yet
UNISOCListedNo PrePost figure yet
WeDoctorListedNo PrePost figure yet
TossListedNo PrePost figure yet
OlaListedNo PrePost figure yet
RazorpayListedNo PrePost figure yet
Zepto MarketplaceListedNo PrePost figure yet
Momenta ( Automation/Workflow Software)ListedNo PrePost figure yet
JD PropertyListedNo PrePost figure yet
SVOLTListedNo PrePost figure yet
Envision AESCListedNo PrePost figure yet
OfBusinessListedNo PrePost figure yet
BharatPeListedNo PrePost figure yet
GcashListedNo PrePost figure yet
Xiaodu TechnologyListedNo PrePost figure yet
DailyhuntListedNo PrePost figure yet
Industrial Cloud ManufacturingListedNo PrePost figure yet
SupabaseListedNo PrePost figure yet
Miaoshou DoctorListedNo PrePost figure yet
CNNP Rich EnergyListedNo PrePost figure yet
ShareChatListedNo PrePost figure yet
Didi Autonomous DrivingListedNo PrePost figure yet
MedlinkerListedNo PrePost figure yet
DayoneListedNo PrePost figure yet
ChiponeListedNo PrePost figure yet
AbogenBioListedNo PrePost figure yet
Megazone CloudListedNo PrePost figure yet
Face++ListedNo PrePost figure yet
DeepBlue TechnologyListedNo PrePost figure yet
J@lcListedNo PrePost figure yet
UnacademyListedNo PrePost figure yet
LentraListedNo PrePost figure yet
GalbotListedNo PrePost figure yet
Weilai ChinaListedNo PrePost figure yet
OYO RoomsListedNo PrePost figure yet
Gentle MonsterListedNo PrePost figure yet
CHINT(Zhejiang)ListedNo PrePost figure yet
CanSemiListedNo PrePost figure yet
HithiumListedNo PrePost figure yet
DongchediListedNo PrePost figure yet
Eruditus Executive EducationListedNo PrePost figure yet
XtransferListedNo PrePost figure yet
Yipin ShengxianListedNo PrePost figure yet
Terminus TechnologiesListedNo PrePost figure yet
Banma NetworkListedNo PrePost figure yet
Galaxea AiListedNo PrePost figure yet
TravelokaListedNo PrePost figure yet
SUNWODA EVBListedNo PrePost figure yet
Pioneer PolarisListedNo PrePost figure yet
NewLink (Beijing)ListedNo PrePost figure yet
TridgeListedNo PrePost figure yet
Yeestor MicroelectronicsListedNo PrePost figure yet
Spirit Ai RoboticsListedNo PrePost figure yet
TrinahomeListedNo PrePost figure yet
LXJ ChinaListedNo PrePost figure yet
Gokin SolarListedNo PrePost figure yet
Inspur CloudListedNo PrePost figure yet
Dreame TechnologyListedNo PrePost figure yet
Cloudminds RoboticsListedNo PrePost figure yet
Baichuan AIListedNo PrePost figure yet
BeneunderListedNo PrePost figure yet
Coda PaymentsListedNo PrePost figure yet
Fujian Deer TechnologyListedNo PrePost figure yet
Lishen BatteryListedNo PrePost figure yet
Sakana AiListedNo PrePost figure yet
Infra.MarketListedNo PrePost figure yet
ShougangzhixinListedNo PrePost figure yet
MoglixListedNo PrePost figure yet
Zhidao NetworkListedNo PrePost figure yet
ESWIN ComputingListedNo PrePost figure yet
KunlunxinListedNo PrePost figure yet
FTS (China)ListedNo PrePost figure yet
PrismlabListedNo PrePost figure yet
Cars24ListedNo PrePost figure yet
AVATR TechnologyListedNo PrePost figure yet
AricenListedNo PrePost figure yet
CoindcxListedNo PrePost figure yet
Hello Inc.ListedNo PrePost figure yet
Silicon Magic SemiconductorListedNo PrePost figure yet
ProLogiumListedNo PrePost figure yet
EcoCeresListedNo PrePost figure yet
ZetwerkListedNo PrePost figure yet
Voyah Car TechnologyListedNo PrePost figure yet
Enflame TechnologyListedNo PrePost figure yet
CosmoPlatListedNo PrePost figure yet
DasoucheListedNo 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.

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.

Sources

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.